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How AI is transforming the world in 2024: Six key trends to watch

Nishita Masih by Nishita Masih
2 years ago
Reading Time: 3 mins read
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Artificial intelligence (AI) is not a futuristic concept anymore. It is a reality that is shaping industries, redefining tasks, and challenging ethical boundaries. As we enter 2024, several key trends emerge, promising both incredible advancements and critical questions to address. Here are six must-watch AI trends to power 2024.

Democratization of AI: Making AI accessible to all

AI tools are no longer restricted to tech giants. Open-source models, user-friendly platforms, and even AI-powered applications for smartphones are making AI accessible to individuals and businesses of all sizes. This opens doors to innovation and creativity across diverse fields. For example, Meta’s LlaMa family of large language models (LLMs) and IBM’s Phi and Orca models are freely available for anyone to use and customize. These models can perform tasks such as text generation, code creation, and image synthesis, enabling new possibilities in art, design, and scientific research.

Artificial intelligence
Artificial intelligence

Rise of Responsible AI: Ensuring ethical and trustworthy AI

With the growing influence of AI, ethical considerations like bias, transparency, and explainability gain increased importance. We’ll see more focus on developing responsible AI practices, mitigating potential harms, and building public trust. For instance, Microsoft has launched a Responsible AI Framework to guide its AI development and deployment. The framework covers six principles: fairness, reliability and safety, privacy and security, inclusiveness, transparency, and accountability. Similarly, IBM has developed a Trustworthy AI Toolkit to help developers and enterprises assess and improve the trustworthiness of their AI systems.

Generative AI: Pushing the boundaries of creativity

From creating realistic imagery to composing music, generative AI models are pushing the boundaries of creativity. Expect advancements in text generation, code creation, and even protein design, leading to novel applications in art, design, and scientific research. For example, OpenAI’s DALL-E model can generate images from text descriptions, such as “a cat wearing a bow tie” or “a snail made of harp”. DeepMind’s AlphaFold 2 model can predict the 3D structure of proteins, which is crucial for understanding biological functions and developing new drugs.

Quantum AI: Unlocking untapped potential

The intersection of quantum computing and AI holds immense promise for tackling previously intractable problems in areas like drug discovery, materials science, and financial modeling. Expect breakthroughs in optimizing algorithms and unlocking the power of quantum computing for real-world applications. For example, Google has demonstrated that its quantum processor, Sycamore, can perform a task in 200 seconds that would take a classical supercomputer 10,000 years. IBM has also announced the launch of its first commercial quantum computer, IBM Q System One, which aims to provide quantum computing services to businesses and research institutions.

Hyperautomation and the future of work: Transforming industries and impacting job markets

AI-powered automation will continue to evolve, transforming industries and impacting job markets. While concerns about job displacement remain, expect to see a focus on reskilling and upskilling workforces to adapt to the changing landscape. For example, Amazon has invested $700 million to provide training and education programs for its employees to help them transition to new roles in areas such as cloud computing, machine learning, and robotics. Similarly, IBM has launched a SkillsBuild platform to help workers and job seekers acquire digital skills and credentials for in-demand jobs.

AI and the human connection: Enhancing human capabilities and experiences

Beyond automation, AI can also enhance human capabilities. We’ll see advancements in areas like personalized learning, assistive technologies, and human-computer collaboration, fostering deeper connections and enriching human experiences. For example, Duolingo, a popular language learning app, uses AI to tailor its lessons and feedback to each learner’s level, goals, and preferences. Microsoft’s Seeing AI app uses AI to help visually impaired people navigate their surroundings, recognize faces, read text, and identify objects. IBM’s Project Debater can engage in complex debates with humans, providing evidence-based arguments and insights.

These are just a glimpse into the exciting and thought-provoking world of AI in 2024. As these trends unfold, it’s crucial to navigate the opportunities and challenges responsibly, ensuring that AI serves humanity’s best interests.

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Nishita Masih

Nishita Masih

Nishita Maish is a senior content manager, blending creativity with strategic insight to craft compelling narratives that captivate audiences. With a passion for storytelling and a knack for digital engagement, she has elevated brands and content strategies to deliver lasting impact in the ever-evolving digital world.

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