How the Artificial Intelligence World is Changing in 2024

January 23, 2024

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In the ever-evolving landscape of artificial intelligence (AI), 2024 promises to be pivotal, marked by significant policy changes, technological advancements, and intriguing predictions. Let’s delve into the details of how AI will change in 2024.

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Big Policy Changes

The artificial intelligence policy landscape underwent a transformative phase in 2023, propelling AI into mainstream political discourse. The Senate held meetings, and multiple states passed legislation about AI. President Biden’s executive order in October is one of our most recent glimpses of federal regulation on the issue. The order set the stage for a nuanced approach, emphasizing transparency, new standards, and sector-specific rules. 

Learn more about the Senate meetings here

As 2024 unfolds, the momentum continues, with the establishment of the US AI Safety Institute tasked with implementing key policies. Uncertainty surrounds Congressional action, but there is an anticipation of a risk-based framework. The 2024 presidential election adds another layer, influencing discussions on artificial intelligence regulation. Particularly in addressing issues like generative AI’s impact on social media and misinformation.

While the US has still been deciding how to tackle AI regulations, the European Union took a historic step in 2024 by agreeing on the AI Act, the world’s first comprehensive AI law. The act introduces bans on certain artificial intelligence uses, imposes standards for high-risk applications, and enhances transparency and accountability. As companies prepare to comply, the EU’s “Brussels effect” comes into play, shaping global standards. Additionally, the AI Liability Directive, still under negotiation, aims to ensure compensation for those harmed by AI technology. 

China, known for fragmented AI regulations, signals a shift by announcing a comprehensive AI law. While details are scarce, a proposed version suggests the creation of a national AI office, yearly social responsibility reports, and a negative list of high-risk AI areas. Existing regulations already impact Chinese AI companies, contributing to a more controlled environment. However, uncertainties remain regarding enforcement and compliance for generative AI companies.

Anticipate a global surge in AI regulations in 2024, with Africa, in particular, poised to release an AI strategy. Led by the African Union, countries like Rwanda, Nigeria, and South Africa are already drafting national AI strategies, aligning with global bodies to establish policies and protect consumers. Geopolitically, differences between democratic and authoritarian countries in fostering and weaponizing AI industries will likely become more pronounced.

Artificial Intelligence in 2024: A Look at the Future

In 2024, significant advancements are set to occur in the field of artificial intelligence. Experts predict that developing AI-powered image generators like DALL-E and Midjourney will revolutionize content creation. These generators will provide instant videos and images, while the convergence of image generators with chatbots will enable AI systems to handle various media types, including photos, videos, and diagrams. This will lead to the creating of multimodal chatbots that can reason like humans, making them more useful in fields like math and science.

Furthermore, developers are focusing on enhancing the reasoning abilities of chatbots in AI development. This will enable them to solve complex tasks such as generating computer programs and solving intricate math problems. This evolution will give rise to AI agents, autonomous systems that can operate software apps and websites on behalf of users. AI agents will transform mundane office tasks, which could lead to some job displacement.

Robots may also be supercharged with AI, allowing them to handle complex tasks that were previously impossible. By analyzing countless videos, robots can predict physical world scenarios. This technology may have massive effects on various fields, including medicine, aerospace, and agriculture. These AI and robotics advancements will significantly change how we live and work, and staying up-to-date is crucial to remain relevant in our rapidly changing world.

Emerging Trends and Challenges in AI

In 2024, companies like Nvidia are expected to increase their efforts to become a cloud provider, 

including offering its cloud services. These advancements have led competitors like Google and Amazon to follow their lead, and the field is witnessing new trends in how AI is incorporated.

Further, as AI models become more multidimensional, the terms “large language model” and “large generative model” may become less common. Closed-source AI models are also predicted to continue outperforming open-source models, challenging the belief that open models will catch up.

Finally, experts predict Fortune 500 companies may create Chief AI Officer positions to lead AI initiatives, similar to the trend with Chief Cloud Officers, cementing AI as a vital part of large companies. 

These emerging trends and challenges in AI provide a glimpse into AI’s dynamic and evolving landscape in 2024, highlighting the interplay of policy, technology, and future trends. The AI narrative will undoubtedly unfold as the year progresses, bringing new challenges, opportunities, and jobs. IT is vital in any technology field, and we’re your career experts. Visit www.techoneit.com/it-staffing to learn more today. 

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