10 Key AI Trends to Watch Out for in 2024

January 8, 2024

10 Key AI Trends to Watch Out for in 2024

From AI songwriters that write symphonies to AI assistants that manage your finances, 2024 is the year when artificial intelligence cements its place as the driving force behind the most transformative advancements of the century.

In Spain alone, the AI trend is growing at a fast pace. According to Statista, with a projected CAGR of 16.55% from 2024 to 2030, the market is set to expand to a massive $12.91 billion.

So, what does this mean for you? Whether you’re a business owner, a student, or simply someone curious about the future, understanding AI capabilities is no longer optional.

Throughout this blog, we’ll delve deeper into each trend, explore its real-world applications, and equip you with what you need to know to navigate this rapidly changing landscape.

Here are the top ten AI trends for 2024 that you should know about:

1. Generative AI Will Grow Further

Generative AI is on an unstoppable trajectory this 2024. With books fully generated by AI and songs created using AI tools, this is not a surprise at all.

This year, AI-generated content will continue to blur the lines between human and machine creativity. Above AI guidelines or the AI act, this opens new avenues for human-machine collaboration. For instance, artists will use AI as a partner, a muse, and a co-creator, unleashing unprecedented forms of artistic expression.

This is the future generative AI tools promise, a future where AI and you become the ultimate collaborator, the tireless designer, the boundless source of inspiration, forever reshaping the way we live and work.

2. Easy Access to AI Tools

Just like in our AI trends in 2023, the democratization of AI maintains its momentum in 2024. ChatGPT, one of the large language models, continues its service to its consumers with over 180 million monthly users and 100 million weekly active users.

AI is getting easier to use and more creative. AI applications across industries are already harnessing its power, and tons more are coming. This “democratization” of AI helps businesses overcome the lack of data scientists by putting AI-powered software within everyone’s reach.

Gaining AI skills is easier than ever. It is opening doors to a future where everyone, from artists to accountants, can tap into AI’s transformative power.

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3. Emergence of Multimodal AI Models

This is one of the artificial intelligence trends that people should keep an eye on in 2024. But what does multimodality in AI mean? In short, it is when AI combines numeric data, text, images, and video, allowing them to understand context better and build smarter applications.

Our world is multi-sensory, and so should our emerging technologies in AI. Multimodal models create more human-like interactions, from virtual assistants that respond to visuals and emotions to applications that learn from all types of data.

This goes beyond conversational AI. It allows the expansion of AI to a broader understanding of the world, leading to more accurate and creative applications. So, what does that give us?

  • Improved accuracy in many aspects: Combining multiple data sources leads to more accurate outcomes in various applications, like medical diagnosis of healthcare professionals.
  • Boosted creativity and innovation: Multimodal learning facilitates new types of applications and experiences that blend different media, opening doors for artistic expression and problem-solving in novel ways.
  • Enhanced natural language processing: NLP models leveraging multimodal data can translate languages, analyze sentiment, summarize text, and develop chatbots with a deeper understanding of context and nuance.

4. Meeting the Demand for Responsible AI

The AI revolution, brimming with potential, also raises concerns about manipulation, deepfakes, misinformation, privacy, transparency, and bias. In 2024, we can expect increased regulation to address these risks and ensure responsible AI development and use.

The fruit of ongoing discussions around responsible use of AI systems is flourishing. The past year saw concerted efforts, with the UK’s AI Safety Summit culminating in the Bletchley Declaration, signed by 28 nations.

More than that, the US crafted an AI Bill of Rights blueprint, the EU established the Artificial Intelligence Act, and China and Canada advanced their AI regulatory frameworks. This global trend towards comprehensive and harmonized AI regulation is likely to accelerate in 2024, with an increasing focus on ethical deployment, risk mitigation, and transparency.

5. Unlocking the Power of Quantum Computing with AI

In 2024, the convergence of quantum computing and AI is making remarkable strides. Quantum computing, renowned for its ability to dramatically accelerate computationally intensive tasks, is increasingly recognized for its applicability in AI systems.

Quantum computer systems transcend the computational capabilities of our most powerful supercomputers. The question arises: can we integrate quantum computer science and artificial intelligence technologies to manage intricate database information? Indeed, quantum AI holds the promise of unlocking outcomes inaccessible to classical computing systems.

This integration is poised to transform complex problem-solving within machine learning, particularly in optimizing various variables. And in 2024, we can expect to find applications powered by quantum AI!

6. New Jobs for AI Experts

The AI revolution isn’t just about algorithms. It’s about people. So, buckle up because 2024 opens doors to diverse and exciting AI careers. The future of AI ethicists and prompt engineers is looking bright!

AI adoption is forecasted to replace redundant and time-consuming roles, with an expected transfer of around 300 million full-time positions to AI. According to a PwC report, the impact on job sectors in the UK will be diverse, with an envisaged rise in employment within health, professional services, education, scientific, and technical domains, while a decrease is anticipated in manufacturing, storage, public administration, and transport roles.

Companies using AI and machine learning usually hire data engineering and data science teams. So, be one of the pioneers and start researching the responsibilities of AI managers supervising virtual teams alongside a growing need for AI project managers or trainers. Also, get ahead of emerging fields such as AI engineering and DevOps.

Digital twins quote

7. The Start of Digital Twins

Picture this: a digital copy of you that looks, acts, and thinks just like the real you. With recent trends in artificial intelligence, companies are hustling to make it happen in 2024.

Digital twins, lifelike AI replicas, are swiftly becoming vital in various realms like virtual meetings, online shopping, and healthcare. They mirror real-world assets digitally with smarter tech like computer vision and Language Learning Models. The world is getting closer to creating these digital versions of people that are scarily accurate.

From being virtual assistants and customer service reps to even becoming actors or influencers in the digital space. These digital twins could bring about all sorts of new experiences, like making virtual worlds more immersive, helping us collaborate better from far away, and even adding more fun to gaming and entertainment.

8. Achieving Human Intelligence with Deep Learning

Deep learning, basically teaching machines to think like humans, is one of the highlights of the current AI trends. In 2024, this new wave of innovation will bring us closer to human-like intelligence. What does it mean for us exactly?

Harnessing the power of mimicking the human brain to tackle complex tasks has become a game-changer! This method of data analysis is skyrocketing in popularity because of its multi-layered processing, which amps up the accuracy of models by leaps and bounds.

Of course, business leaders are seizing its potential across various sectors. Imagine autonomous cars cruising smoothly, OTT platforms offering seamless experiences, and e-commerce platforms delivering personalized journeys.

9. AI Wearables are In!

Humane AI’s Pin and Tab, powered by Qualcomm Snapdragon processors, are at the forefront of reshaping the wearable technology landscape in 2024. These AI-infused devices transcend mere gadgets; they seamlessly integrate into our routines, becoming integral parts of our digital identities.

Many organizations are looking into these latest trends. Sure, we have seen tech companies like Apple and OpenAI leveraging their innovation engines to redefine the landscape. Apple is expected to deliver AI wearables that seamlessly integrate within their ecosystem, potentially alongside their XR Apple Vision Pro, creating a powerful and immersive experience.

So, this year, we might see new capabilities of AI wearable technology that will surely push the boundaries of what we thought possible!

10. The No-Code/Low-Code Programs Maintain Its Momentum

In 2019, Gartner dropped a bombshell: 65% of apps by 2024 will be built with low-code! Well, the clock struck 2024, and the no-code revolution is in full swing. It means increased productivity and cost-efficient coding is a game-changer for businesses of all sizes.

Without the need for any technical expertise, even non-programmers can become citizen developers, crafting solutions for everything from human resources to customer-facing applications. This unleashes a hidden talent pool within organizations, boosting innovation and driving efficiency across departments.

However, despite this surge in virtual coding, it’s important to note that these platforms aren’t here to replace human jobs. When it comes to intricate and tailor-made solutions, the advantages of custom software development remain unmatched, retaining its position as the go-to option for complex needs.

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Do You Want These AI Trends to Be Your Reality in 2024?

AI is no longer a futuristic vision—it’s the reality of 2024. From shaping personalized experiences to streamlining workflows, these advanced technologies are rapidly transforming every corner of our lives.

When it comes to coming up with AI projects, StarTechUP provides AI consultation to keep you up with the competition. Our AI consultants will help you proactively identify opportunities for AI integration, crafting future-proof strategies that drive innovation and optimize every aspect of your business.

Additionally, as a top-rated software development company, we specialize in digital transformation and application modernisation, ensuring that your business stays at the forefront of technological evolution.

Take the first step toward realizing your AI-driven future. Schedule a FREE consultation with us today!

About the author: Andrea Jacinto - Content Writer

A content writer with a strong SEO background, Andrea has been working with digital marketers from different fields to create optimized articles which are informative, digestible, and fun to read. Now, she's writing for StarTechUP to deliver the latest developments in tech to readers around the world. View on Linkedin