Artificial intelligence made a big splash among both consumers and regulators in 2023, and experts believe the continued development of the technology will reach even greater heights in 2024.
“I think in 2024, AI will get a little closer to what’s in the public imagination, but AI is still years away from being autonomous in the way people imagine it,” said Christopher Alexander, director of analysis by Pioneer Development Group. FoxNewsDigital.
Alexander’s comments come after 2023 saw a notable jump in the development and availability of AI tools, with popular language learning model (LLM) platforms, such as OpenAI’s ChatGPT, gaining widespread popularity and encouraged other tech giants to follow suit.
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Artificial intelligence will acquire new capabilities in 2024.
Microsoft was one of the first companies to follow the OpenAI leader in 2023, announcing a large investment in the AI company and at the same time launching its own chatbot that will be used in both its Bing search platform and another compatible AI bot with Windows 11. Google, Amazon, and Meta also announced their own AI initiatives earlier this year, sparking a new arms race between many of the tech giants.
But the growing technology also has the potential to be a booming industry for startups, experts believe, a trend that could really start to show in 2024.
“In 2024, I expect the momentum we saw last year to pick up,” Samuel Mangold-Lenett, editor of The Federalist, told Fox News Digital. “Corporations have found a solid footing, startups are learning how to customize it to fill various niches, and the public has realized that, in some critical ways, AI technology is a net positive.”
Mangold-Lenett also believes that 2024 will be the year when, like other technologies, AI will become much more customizable for individual users.
In this photo illustration, the Google Bard AI logo is seen on a smartphone and the Google logo is seen on a computer screen. (Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
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“I expect this to be the year we see many more personalization and niche AI companies emerge, while massive LLMs continue to aggregate and process vast sums of data,” Mangold-Lenett said. “Hardware is also likely to become increasingly integrated with AI, such as digital assistants in smartphones. Large-scale AI manufacturing is still a way out, we are waiting for robotics to catch up and I doubt a AGI comes into operation.”
Phil Siegel, founder of the Center for Advanced Preparedness and Threat Response Simulation (CAPTRS), shared a similar sentiment, telling Fox News Digital that custom AI models could “explode” in 2024.
“This will be the year corporations realize they have a huge amount of data to build more custom models to improve processes and efficiency,” Siegel said. “The use of LLMs will increase, but it may disappoint, except in the pockets: things like sales, marketing, customer service and technological development will explode. Other uses of LLMs may not advance as quickly, but custom-designed models for company use will explode in 2024. “.
Amid excitement over potentially useful developments in AI in 2024, experts also noted that such changes will also have to be accompanied by realistic regulation and expectations of the newly booming industry.
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While first steps were taken to regulate the industry in 2023, including a Biden administration deal with leading tech companies to safely develop artificial intelligence tools in July and an executive order signed by President Biden in October on security of artificial intelligence, experts believe that more will have to be done. in 2024.
President Biden signs an executive order, as Vice President Kamala Harris looks on, at the White House on October 30, 2023. (Al Drago/Bloomberg via Getty Images)
“I think it’s crucial that we start creating a societal framework that takes AI into account for those jobs that are most likely to be replaced as soon as possible,” Alexander said.
Aiden Buzzetti, president of the Bull Moose Project, shared similar thoughts, noting that the United States will have to continue competing with China in AI development while taking advantage of the 2023 regulatory framework.
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“Startups have used LLM models to proliferate building relationships with AI, building trials, developing internal company tools – all things that could displace parts of life that humanity is accustomed to,” Buzzetti told Fox NewsDigital. “Regulatory thresholds are still being developed, but are now determined by Biden’s executive order. Any policy suggestions will have to compete with those documents on safety standards and best practices.”
