In 2023, the journey of artificial intelligence (AI) witnessed innovation and significant transformations across global businesses. As we step into this era of continuous innovation and commercial expansion, we ponder:
How will the growing adoption of AI shape 2024?
In this blog, we will discover the most anticipated AI predictions for 2024, exploring how these advancements are aimed to unlock new potentials and challenges.
Without wasting time, let’s uncover the AI trends that are imminent realities set to revolutionize our daily lives.
7 Predictions of Artificial Intelligence to watch out for.
1. Scientific Breakthroughs
The progress made in 2023 underscores AI’s immense potential to reshape scientific discovery.
Whether revolutionizing biology through precise protein sequence and function predictions or accomplishing once-impossible tasks like earthquake forecasting with an impressive 70% accuracy rate, AI leaves a lasting impact across various scientific domains.
Its transformative power is evident in drug discovery, exemplified by the identification of INS018_055 and abaucine.
2. Ethical AI
As artificial intelligence (AI) becomes more seamlessly integrated into our daily lives, ethical considerations are expected to become increasingly central by 2024. From combating misinformation to addressing biases and ensuring transparency, there is a growing focus on ethical methodologies and practices.
It is highly probable that an unethical act linked to AI will capture the public’s attention at some point, whether next year or beyond.
Regardless, the widespread adoption of AI across various sectors highlights the need for continuous vigilance and a strong commitment to addressing emerging ethical concerns.
3. Sustainable AI
A significant shift towards sustainable AI is poised to become a key trend in the upcoming year.
Traditional AI research has largely focused on developing larger models, leading to remarkable advancements but also raising concerns about energy consumption and resource constraints.
These concerns present sustainability challenges and barriers to accessibility, particularly in resource-limited environments.
A current trend is emerging in response to these challenges, focusing on the creation of smaller, energy-efficient models. Noteworthy developments in this direction include Microsoft’s Low-rank Adaptation (LoRA) and Orca 2.
4. Advancements Toward General Artificial Intelligence (AGI)
Leveraging the momentum created by the rise of multimodal AI models in the previous year, we anticipate further amplifying recent advancements, enabling AI to navigate and process a variety of information types effectively.
The cornerstone of AGI lies in the rapid skill acquisition across a range of tasks, drawing from minimal examples. The paradigm of prompt-based learning, particularly evident in linguistic models, serves as a blueprint for this approach.
These advancements are expected to enhance the adaptability of AI in numerous information domains over the coming year.
This capability holds the potential to catalyze a self-improvement process akin to the incremental advancements seen in models like GPT or the Llama series.
Such feats in autonomous coding could propel us toward the realization of a truly superintelligent AI.
5. AI Regulation
The rapid expansion of generative AI and the concerns over its potential misuse, such as deepfake content, malicious content creation, privacy breaches, and automated cyberattacks, have necessitated the immediate regulation of AI.
While 2023 was marked by the rise of generative AI, 2024 is poised to be the year of AI regulation.
A significant step in this direction has been the enactment of the European AI Act in 2023 – a trailblazing initiative by the European Union to implement comprehensive legislation governing artificial intelligence.
Companies are also likely to collaborate in setting these standards. The primary goal is to strike a delicate balance: to allow AI to innovate while ensuring that it is used responsibly and ethically.
6. AI in Cybersecurity
As we approach the end of 2024, the financial impact of cyberattacks is projected to reach a staggering $10.5 trillion. In this scenario, artificial intelligence (AI) is set to play an increasingly significant role in cybersecurity. The field is witnessing a shift in offensive and defensive strategies, driven by the swift advancement of AI technologies.
In this rapidly changing landscape, generative AI is bringing forth new challenges, such as phishing scams and social engineering attacks. This progress opens avenues for cybersecurity professionals to enhance their threat intelligence and response capabilities.
With the sophistication of threats on the rise, incorporating real-time anomaly detection, smart authentication, and AI-powered automated incident response is becoming crucial to bolster our defenses.
7. The Next Wave of Generative AI
If there’s one field in AI that stood out in 2023, it’s undoubtedly generative AI. This year marked a swift rise in its significance within the tech world as companies eagerly embraced the technology, forming dedicated teams to delve into its extensive capabilities.
At the heart of generative AI’s growing influence is the advancement of large-scale AI models trained on vast datasets, enabling the generation of diverse outputs such as emails, summaries, artwork, voices, and videos.
These models have revolutionized our interaction with technology and broadened AI’s reach into areas with limited data availability, particularly in corporate customer support documentation.
They have also sparked creative revolutions in the arts and video gaming sectors.
Despite their transformative impact, these models still face challenges in handling a wide array of tasks, as noted by Mustafa Suleyman, co-founder of DeepMind.
He suggests that generative AI is merely a stage in the evolution of interactive AI, which allows chatbots to perform assigned tasks by orchestrating other software and human resources.
Conclusion
These are our predictions for AI… Do you agree or disagree?
One thing is certain: 2024 is poised to be a pivotal chapter in the evolution of artificial intelligence.
From the ongoing development of generative AI to advancements in AGI, cybersecurity, regulation, sustainability, ethics, and scientific breakthroughs, the AI landscape is set to experience unprecedented growth and innovation.
As we embark on this journey, the transformative power of AI beckons us to envision a future where the boundaries of what’s possible are ever-expanding.
