In the whirlwind world of technology, the year following the grand entrance of ChatGPT in late 2022 has been nothing short of a roller coaster ride in the realm of artificial intelligence (AI).
This period has been marked by a kaleidoscope of advancements, from the flourishing open source community to the innovative multimodal models, painting a future where AI is not just a buzzword but a tangible part of our daily lives.
Let’s discuss today about the fascinating AI and machine learning trends that are set to make waves in 2024:
=The Magic of Mult: modal AI: Imagine an AI that doesn’t just read text but can also see pictures and listen to sounds, much like a friend who understands you, whether you’re texting, showing a photo, or having a chat. Multimodal AI is like a Swiss Army knife, versatile and ready to tackle a mix of tasks by understanding the world in more ways than one.
=Agentic AI – Your Personal Doer: Picture a world where AI isn’t just sitting around waiting for instructions but is out there making things happen. Agentic AI is like having a super-efficient assistant who knows what you need before you even ask, from booking your trips to managing your schedule, all without you lifting a finger.
=Open Source AI – Everyone’s Playground: The open source movement is turning the AI world into a communal garden where everyone can plant ideas and harvest innovations. It’s like a potluck of AI, where sharing and collaboration bring to the table a feast of possibilities, making AI accessible to all.
=Retrieval-Augmented Generation : The Fact-Checker: In a world awash with information, AI’s tendency to make up things (affectionately known as ‘hallucinations’) can be a bit of a party pooper. Retrieval-Augmented Generation comes to the rescue by helping AI stick to the facts, ensuring that what it tells you is not just plausible but also true.
=Customized AI for Enterprises – Tailor-Made Solutions: Businesses are no longer satisfied with one-size-fits-all AI; they want solutions that fit like a glove. Customized AI is like a bespoke suit, crafted to meet the unique needs of each business, ensuring efficiency and relevance in a world where time is money.
=The Hunt for AI Talent : A Gold Rush: As AI weaves itself into the fabric of industries, the demand for whiz kids in AI and machine learning is skyrocketing. It’s a gold rush for talent, with opportunities galore for those ready to dive into the exciting world of AI.
=Shadow AI : The Rogue Element: With AI tools at everyone’s fingertips, there’s a growing trend of ‘Shadow AI’, where AI is used without the official thumbs-up from the IT department. It’s a bit like secret agents using gadgets without HQ’s approval, thrilling but fraught with risks.
=A Reality Check for Generative AI: After the initial euphoria, the reality of integrating and scaling AI is setting in. It’s like the morning after a grand party, where the excitement remains but the focus shifts to cleaning up and planning the next steps with a clear head.
=Ethics and Security in AI : Navigating the Minefield: The rise of AI-generated content is opening Pandora’s box of ethical and security dilemmas, from deepfakes to data privacy. It’s a tightrope walk, balancing innovation with responsibility to ensure AI is a force for good.
=AI Regulation : Charting the Course: As AI becomes an integral part of society, the drumbeats for regulation grow louder. 2024 stands on the cusp of pivotal changes, with laws and policies shaping the course of AI, ensuring it sails smoothly into the future.
These trends paint a picture of an AI landscape that is dynamic, diverse, and ripe with potential. As we stand on the brink of 2024, the journey of AI from a distant dream to an everyday reality is a testament to human ingenuity, a journey that continues to unfold in exciting and unexpected ways.
Abhishek Anand is the founder of Skill Bud Technologies Pvt. Ltd., a tech company that specializes in Web 2.0, Web 3.0, NFT, Metaverse and digital marketing. He is also an Author, Speaker, Mentor and helps startups & businesses grow with technology.