The Future of AI: Trends to Watch in 2024

Artificial Intelligence (AI) is no longer a futuristic concept; it's a present-day reality transforming industries, economies, and our daily lives. As we move further into 2024, several key trends are emerging that signal where AI is headed. From advancements in generative models to the increasing importance of ethical AI, here’s what you need to keep an eye on.

1. Generative AI Goes Multimodal

While 2023 was the year of the large language model (LLM), 2024 is seeing a shift towards multimodal AI. These systems can understand and generate content across various formats, including text, images, and audio. Imagine an AI that can create a video from a simple text prompt or write a piece of music based on a picture. This convergence of modalities will unlock new creative and practical applications.

2. The Rise of Small Language Models (SLMs)

While massive models like GPT-4 dominate headlines, there's a growing movement towards smaller, more efficient models. Small Language Models (SLMs) are designed to run on-device, offering lower latency, enhanced privacy, and reduced operational costs. These are perfect for specialized applications on smartphones and other edge devices, bringing powerful AI capabilities directly into the hands of users without relying on the cloud.