What’s Next for AI in 2024

As we step into 2024, the field of artificial intelligence (AI) continues to evolve rapidly. Let’s explore some trends and breakthroughs to watch out for:

Artificial Intelligence (AI) has transcended its sci-fi origins to become an integral part of our daily lives. As we step into 2024, let’s explore the latest trends and breakthroughs that promise to shape the future of AI.

Customized Chatbots:

• In 2024, tech companies are under pressure to prove that they can monetize their generative AI products.
• Google and OpenAI are developing user-friendly platforms that allow people to customize powerful language models and create their own mini chatbots without coding skills.
• These multimodal AI models (such as GPT-4 and Gemini) can process text, images, and even videos, unlocking new applications.
• Imagine a real estate agent fine-tuning a model to generate property descriptions based on previous listings and multimedia content.

Generative AI Tools for Mass Adoption:

• ChatGPT and similar tools have reached mass adoption, allowing users to create content, answer questions, and engage with AI in various ways.
• These tools have reset the course of the industry, making generative AI accessible to a wider audience.

Advancements in Natural Language Processing (NLP):

• NLP models continue to improve, enabling better AI assistants, chatbots, and language understanding.
• Multimodal models can process both text and images, enhancing their capabilities.

Computer Vision and Image Classification:

• AI is making strides in computer vision, benefiting applications like self-driving cars and road safety.
• Image generation and classification models are becoming more accurate and efficient.

Medical Diagnosis and Drug Discovery:

• AI is revolutionizing drug discovery by analyzing vast amounts of data to identify potential treatments.
• While the first AI-developed drugs are still years away from the market, the impact is significant.

Augmented Reality (AR) and Virtual Production:

• AR technologies, de-aging, and deep fakes are transforming entertainment and media production.
• AI-driven visual effects enhance storytelling and create immersive experiences.

Regulators Get Bolder

• Policymakers are catching up with AI’s rapid advancements. In 2023, Biden’s executive order and the European Union’s AI Act set the stage for tougher regulations. As AI continues to impact privacy, bias, and copyright, regulators will play a crucial role in shaping the industry’s trajectory.

The Ethical Imperative

• AI’s problems—from bias to copyright—will continue to shape the agenda. Researchers, regulators, and the public must address these challenges to ensure responsible AI deployment.

Customized Chatbots: A Multimodal Revolution

• In 2024, AI companies are shifting their focus from monolithic models to customized chatbots. Google and OpenAI lead the charge by developing user-friendly platforms that allow people to create their own mini chatbots without any coding skills. These multimodal models—such as OpenAI’s GPT-4 and Google DeepMind’s Gemini—can process not only text but also images and audio. Imagine a real estate agent fine-tuning a model to generate property descriptions based on previous listings and multimedia content. The democratization of generative AI is underway, and we’ll witness more people tinkering with a million little AI models.

AI in Drug Discovery

• The AI revolution in drug discovery is in full swing. While the first AI-developed drugs are still years away from the market, the impact is significant. AI analyzes vast amounts of data to identify potential treatments, accelerating the drug development process.

In summary, AI’s journey is dynamic and multifaceted. As we embrace its potential, let’s prioritize ethical considerations and harness AI’s power for the greater good. The future is bright, and AI’s impact will resonate across industries and societies alike. AI’s journey continues, shaped by breakthroughs, challenges, and societal impact. As researchers, regulators, and the public grapple with AI’s complexities, we look forward to an exciting and transformative year ahead.

Remember, the future of AI is not just about technology—it’s about how we use it to improve lives, solve problems, and create a better world.