LLMs, or large-scale language models, have made tremendous strides in 2023. Everyone witnessed the launch of GPT4, ChatGPT Enterprise, Google Bard, Microsoft Bing Chat, and Meta's LLama 2 over the past few months. How, though, will AI evolve over time? According to AI forecasts for 2024 and beyond, there will be a plethora of new advancements in the field.

You may ask, "How will the surge in AI adoption shape 2024?" as you progress through this age of perpetual innovation and corporate growth. To prepare for the year, we've listed our top AI predictions that will shape the industry.

Next Generation of Generative AI

Generative AI will be the most prominent branch of artificial intelligence in 2023. As businesses jumped on the bandwagon and formed specialized teams to investigate the technology's many potential uses, its profile in the tech industry skyrocketed this year.

The development of large AI models trained on massive datasets is central to the growing influence of Generative AI. These models can generate various outputs, including summaries, emails, artwork, voices, and video production.

As a result of these models, your experience with technology has changed, and artificial intelligence (AI) has spread to areas with less data, such as customer support documents from businesses. They have sparked artistic and technological revolutions at the same time.

AI Regulation

You urgently need to regulate AI due to its exponential growth and concerns about its potential misuse. This misuse could lead to deepfake content, malicious content generation, privacy violations, and automated cyber-attacks. By 2024, the emphasis will have shifted from AI regulation to AI generative AI.

In 2023, the European Union took the lead in establishing comprehensive regulations for artificial intelligence with the introduction of the EU AI Act, a landmark law in this area.

The United States is among several nations that still need to enact such legislation, but everyone agrees that clear laws governing AI are necessary. More countries are likely to join this regulatory journey as you near 2024, which should increase the momentum for creating these rules.

Progress Towards Artificial General Intelligence (AGI)

Pursuing Artificial General Intelligence (AGI) continues to be a top priority as you enter 2024. The goal is to make AI as versatile as humans in various tasks. Continuing on the wave of multimodal AI models that hit the market last year, experts predict that AI will soon be able to process and navigate a wide variety of data easily.

Fast skill acquisition across tasks inspired by minimal examples is the key to AGI. One paradigm that exemplifies this approach is prompt-based learning, which is especially visible in language models. These advancements should make AI more versatile in the coming year across many data domains.

Read More: You can read more about how to embrace the power of AI in your business.

Sustainable AI

In the next year, you expect to see a major movement towards more environmentally friendly AI. Traditional AI research has focused on building larger models, which has advanced but raised resource and energy concerns. This hinders accessibility and sustainability, especially in resource-poor areas.

Due to these issues, a new movement is promoting compact, energy-efficient models. Orca 2, developed by Microsoft, and Low-Rank Adaptation (LoRA) are two notable developments in this direction. Around 2024, there will be a noticeable uptick in the sustainable AI trend. For small businesses and settings with limited resources, the strategic focus on building compact yet powerful models could make cutting-edge AI more accessible.

Ethical AI

In 2024, you expect ethical concerns to be front and center due to the increasing integration of AI into your daily lives. An increasing number of initiatives focus on ethical methodologies and practices to fight against disinformation, bias, and lack of transparency.

Pretty soon, an immoral deed involving an AI will bring this to everyone's mind, whether next year or some other year. Whatever the case, you must remain vigilant and dedicated to tackling new ethical concerns as AI becomes more widely used across many industries.

Conclusion

Artificial intelligence (AI) is accelerating current technology and technological worries. It could be quite scary, but it's also very exciting. If the industry is still in its early stages, on the consumer-facing side, everyone expects to see it mature and find more and more uses in the next year.

Almost everything these days is either an app or a website designed with mobile users in mind. You can only go anywhere these days with an app, whether you're searching for a new car, a hotel, a home, a way to organize your shopping, a dating app, or a tool to plan your day.