10+1 Technology Trends to Keep an Eye on in 2024

The weather outside is frightful, but the upcoming tech trends are so delightful that no one can resist reading another article about what awaits us in 2024. We completely understand that urge. Therefore, today, we’ll share 10 (plus a bonus one) tech trends worth your attention in 2024.



1. Artificial Intelligence Everywhere


The AI software market’s global annual revenue is currently over $50 billion, and the market is expanding at a CAGR of 38.1% between 2022 to 2030:


Source: 57 NEW AI Statistics (Dec 2023)

 

ChatGPT was released in November 2022, which means it’s slightly older than one year, which seems kinda weird because of a strange feeling that it was around for ages. Possibly, that’s because numerous businesses, large and small, consider it their duty to integrate AI systems into the services they provide, not to mention startups.


Read Also How Adaptive AI Takes the Interaction Between Business and Customers to a New Level


It goes without saying that IT industry giants joined the race for the attention of AI enthusiasts all around the world. Somehow, Google lagged in this race, leading to consequences that no analyst could predict: people started using Bing.


Bing chat, a chat mode of Microsoft Bing that uses a customized version of OpenAI’s GPT-4 model, was launched on February 7, 2023, as a built-in feature for Microsoft Bing and Microsoft Edge. Later, it became available via Skype. According to Microsoft, they have crossed 100 million daily active users of Bing after the first post-launch month.


Later, Google launched Bard, a conversational AI chatbot powered by Google’s PaLM 2 model. It was announced on February 6, 2023, but was only released to the public in a limited capacity on March 21, 2023. The search giant didn’t stop there. It also presented its new Large Language Model (LLM), called Gemini, a multimodal model developed by Google DeepMind.


Gemini can handle text, images, audio, and video and perform various tasks, such as image captioning, speech recognition, video summarization, and more. According to the breathtaking presentation video, Gemini was able, for example, to recognize a drawn duck, distinguish it from a toy duck, and make a joke about it:



As it was found out later, the video was edited and did not involve an actual spoken prompt. However, there are a few doubts that Google has enough brain power to implement such an LLM. The company also announced it will integrate Gemini into its Pixel 8 Pro smartphones, making it the first smartphone with AI built in.


It makes AI tools something more significant than a website where you can ask how to sort an array in JavaScript. It becomes an ecosystem changing how you search for information, work with a virtual assistant, take photos, and more. There’s also Copilot for the Microsoft Office that was released this year. It can help users write papers and do spreadsheets, which means the way we work with documentation will also change in the upcoming years.

What was really interesting to watch in 2023 is generative image AI. In 2021, OpenAI released DALL.E 1, which could only generate photos of people that bear little resemblance to reality. This year brought us Aitana López, an AI-generated model who earns $10,000 per month:


It’s not clear which exact set of AI tools were used. What we can say for sure is that this precedent did not go unnoticed by many agencies looking for ways to advertise for smaller budgets effectively. In 2024, we’ll probably see more such cases.


But wait, there’s more. In November, 24 Stable Video Diffusion was announced. It allows the generation of short videos based on user inputs. If developers will be active, there’s a chance that by the end of 2024, it may allow people to generate somewhat watchable full-length movies. Have you ever wanted to film your own superhero movies? Now, there is hope.


That’s how AI penetrates all areas of our lives, and soon, we will no longer be able to distinguish what was made by a human and what by a machine. For instance, this entire section of the article was generated by an AI system. Or not. Sometimes you really can’t tell.

2023 Milestones and Inventions:


  • Microsoft invested $10 billion in a multiyear deal with OpenAI;
  • Start-ups, such as Anthropic and AI21, build and train their own LLMs;
  • Google developed a new LLM called PaLM 2, which provides its Bard chatbot;
  • Google developed Gemini, a family of multimodal LLMs;
  • OpenAI released GPT-4, demonstrating a significant advancement over its predecessors;
  • OpenAI released DALL-E 3, the new and improved version of the AI image generator;
  • Adobe added Generative Expand and Generative Fill into Photoshop, allowing users to create and edit images with generative AI;
  • Meta released SeamlessM4T, a multilingual and multimodal AI model that can translate speech and text for up to 100 languages.


Source: What’s New in Artificial Intelligence from the 2023 Gartner Hype Cycle


Do you want to see the rest of the list? Continue reading here: https://xbsoftware.com/blog/technology-trends-2024/

Thu 28, Dec, 2023, 11:47 am