Latest AI trends 2024 Write For Us: Artificial intelligence (AI) has been advancing rapidly, ushering in a new era of technological advancement since the first AI models like ChatGPT emerged. In 2024, the pace of AI advancement shows no signs of deceleration down, making it difficult to keep track of the latest trends in the field. This article looks at seven of the fastest-growing AI trends this year, including advances in multimodal AI, tighter AI regulation, increased adoption of AI in small language models, the evolution of AI-powered virtual agents, and more.
Multimodal AI
In 2024, multimodal AI will be the most important trend in artificial intelligence. Unlike previous models that focused on individual modalities such as AI-generated text, video, or images, multimodal AI combines these capabilities. Just as humans can process multiple sensory inputs simultaneously, these multimodal models can interpret text, translate it into video or audio, convert it back into text, etc.
Small language models
Small language models (SLMs) are becoming increasingly popular due to their ability to run efficiently with fewer computational resources than large language models (LLMs). Despite their small size, SLMs contain billions of parameters, allowing them to run efficiently even on compact devices like smartphones. This accessibility has fueled the rapid development of intuitive AI applications, as SLMs only require a browser and do not require significant financial investments.
Customizable generative AI
Another generative AI trend in 2024 is customizable AI models to meet the needs of niche markets and users. Key tools like ChatGPT may be too broad and general for businesses, but specialised AI systems allow for more flexible customisation of services. This also helps improve privacy and security, as organisations gain more control over their data since it is not shared with third parties.
New use cases
By 2024, AI will have a profound impact on almost every industry. AI provides significant business benefits such as scalability, increased accuracy, automation of repetitive tasks, and faster completion of specific tasks. As a result, it allows employees to focus on more complex tasks, increasing the efficiency and productivity of the entire organisation. Let’s look at some examples of the latest AI trends in various industries:
Shadow AI (AI in the workplace)
Since ChatGPT launched in 2022, various experiments have been conducted using the technology, especially in the workplace. Shadow AI, the informal use of generative AI tools in the workplace, has emerged due to employees seeking quick solutions without prior approval or oversight from IT departments. As AI becomes more accessible, this trend is becoming more common.
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