Artificial intelligence has caused a stir among consumers and regulators in 2023, with experts estimating that the continued development of the technology will reach even greater heights in 2024.
“I think that in 2024, AI will be a little closer to what is in the public imagination, but it will still be years before AI is autonomous in the way that people imagine it,” he said. said Christopher Alexander, director of analytics at Pioneer Development Group. Fox News Digital.
Alexander’s comments come after 2023 saw a notable advancement in the development and availability of AI tools, with popular language learning model (LLM) platforms such as OpenAI ChatGPT gaining huge popularity and inspiring other tech giants to join us.
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Artificial intelligence will gain new capabilities in 2024.
Microsoft was one of the first companies to follow the OpenAI leader in 2023, announcing a significant investment in the AI company while launching its own chatbot that will be used on both its Bing search platform and another AI robot compatible with Windows 11. Google, Amazon and meta also announced its own AI initiatives earlier this year, sparking a new arms race among many tech giants.
But according to experts, this growing technology also has the potential to become a booming industry for startups, a trend that could really start to take hold in 2024.
“In 2024, I expect the momentum we saw last year will only increase,” Samuel Mangold-Lenett, editor-in-chief of The Federalist, told Fox News Digital. “Companies have found solid foundations, startups are learning how to customize them to fill various niches, and the public has realized that, in some ways, AI technology is a net positive.”
Mangold-Lenett also believes that 2024 will be the year when, like other technologies, AI becomes much more customizable for individual users.
In this photo illustration, the Google Bard AI logo is seen on a smartphone and the Google logo 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 niche personalization and AI companies pop up, while huge LLMs continue to aggregate and process vast amounts of data,” he said. said Mangold-Lenett. “Hardware will also likely be increasingly integrated with AI, such as digital assistants for smartphones. Large-scale AI manufacturing is still a way out, we are waiting for robotics to catch up and I doubt that a AGI is put online.”
Phil Siegel, founder of the Center for Advanced Preparedness and Threat Response Simulation (CAPTRS), shares a similar sentiment, telling Fox News Digital that custom AI models could “explode” in 2024.
“This will be the year when businesses realize they have a huge amount of data to create more custom models to improve processes and efficiencies,” Siegel said. “The use of LLMs will increase but may be disappointing except in certain pockets – things like sales, marketing, customer support and technology development will explode. Other uses of LLMs may not evolve as quickly, but custom models tailored for enterprise use will explode in 2024.”
As excitement about potentially useful developments in AI approaches in 2024, experts have also noted that such changes will also need to be coupled with regulation and realistic expectations of a burgeoning industry.
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While the first steps have been taken to regulate the industry in 2023, including an agreement by the Biden administration with leading technology companies to safely develop AI tools in July and an executive order signed by President Biden in October on AI security, experts believe that more will need 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 social framework that takes AI into account for the jobs that are most likely to be replaced most quickly,” Alexander said.
Aiden Buzzetti, president of the Bull Moose Project, shares similar thoughts, emphasizing that the United States will need to continue to compete with China in AI development while building on the 2023 regulatory framework.
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“Startups have used LLM models to proliferate AI relationship building, essay writing, developing internal company tools; anything that could shift parts of the life humanity is at “used to it,” Buzzetti told Fox News Digital. “Regulatory thresholds are still being developed but are now shaped by the Biden executive order. Any policy suggestions will have to compete with these documents in terms of safety standards and best practices.”
