The top AI trends to watch this year

February 29, 2024
min read
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In the fifth of our five-part series on "AI for Newcomers," we peer into the future of AI. Predicting what will happen is a tall task, but three big trends will undoubtedly reshape our future:

AI will enable massive efficiency in business

Integrating AI into business strategies is transformational.

Looking past the hype, AI will deliver efficiency on a scale difficult to imagine. AI can automate and enhance basic tasks and complex processes. It can support fast data-driven decision-making. It can ignite innovation and personalize customer experiences.

AI for business makes possible in new era for creativity and market leadership.

Multimodal AI will change how we interact with tech

The emergence of multimodal AI is reshaping our interactions with technology.

Talking to digital platforms will become as natural as human conversation. Sora is a good example. Created by OpenAI, it's a text-to-video model. Sora turns text prompts into high-quality videos - a capability that will change how we interact with digital platforms.

Applications like this will change how we learn and consume information. Consider the potential for enhancing virtual assistants and creative design. The way people interact with tech will change in meaningful, personalized ways.

The rise of smaller, efficient AI models

The shift towards smaller, more efficient AI models will bring many benefits.

Fewer computational resources are necessary. Deployment costs are less. Smaller models are easier to customize for specific tasks or use cases too. This reduces barriers to entry for people with diverse backgrounds and organizations.

The small size means AI applications can run locally on devices like smartphones, IoT devices, and embedded systems. This means edge computing will take off. Lower latency and less reliance on cloud infrastructure will benefit scenarios that value real-time data processing.

Wrap Up

Our journey through the "AI for Newcomers" series has taken us from the basics of AI terminology to the latest AI trends. The AI-driven possibilities seem endless.
But AI is not about tech for the sake of tech. It's about boosting creativity and human potential. It’s about inventing new, faster ways of getting work done.

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