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AI in 2024: The top trends in AI to watch this year include fintech and edge computing

AI in 2024 The top trends in AI to watch this year include fintech and edge computing

Artificial Intelligence (AI) became the buzzword of 2023 and was used in everything from social media to podcasts, mobile apps, news, and even everyday conversations. The introduction of ChatGPT in November 2022 ultimately served as the impetus for the long-awaited arrival of artificial intelligence.

Companies started utilizing AI in media to advertise and improve the usability of their online presence. Among its many features are motion interpolation, text-to-speech models like ElevenLabs, text-to-image models like Midjourney, and photo colorization.

However, as freely accessible AI apps became more widely used, the internet became a meme factory, with a ton of “Al Imagines” pictures and those songs appearing alongside Modi-Meloni videos featuring PM Narendra Modi’s AI-generated voice.

Deepfake videos became commonplace to the point where it was getting harder and harder to tell the difference between authentic and fake footage of the war in Gaza and the Ukraine.

In 2024, keep an eye out for the following AI trends:

2024 predictions for AI trends

Here are some possible AI trends that may continue to develop in the future, based on the direction of technological advancements and developments since 2022:

Ethics and Governance in AI

Regulations and ethical issues surrounding AI use will probably receive more attention as technology becomes more integrated into society, especially in delicate areas like healthcare, finance, and autonomous systems.

AI-Powered Customization

Companies will probably keep using AI to improve customer experiences by hyper-personalizing offerings and more accurately tailoring data to products and services.

Artificial Intelligence and Edge Computing

It is anticipated that the integration of AI with edge devices will increase, allowing for faster decision-making and lower latency through processing data closer to its source.

AI’s Progress in Healthcare

With advancements in precision medicine, drug discovery, and enhanced diagnostics through AI-driven imaging and analysis, artificial intelligence’s role in healthcare could grow even more.

Artificial Intelligence in Cybersecurity

Cybersecurity tools driven by AI will probably keep changing. AI will become more and more integrated into cybersecurity to protect systems and data through threat detection, anomaly identification, and real-time response to cyberattacks.

Natural Language Processing (NLP) Advancements

It’s likely that AI systems will advance in their ability to comprehend and produce language that is similar to that of humans, enhancing chatbots, language translation, and content creation.

Artificial Intelligence and Solutions for Climate Change

Artificial intelligence (AI) has the potential to be extremely important in managing resources, maximizing energy use, and supporting scientific research to address climate change issues.

Artificial Intelligence in Finance

There is a great chance that AI will be further integrated into fintech, especially in risk assessment, fraud detection, and personalized financial advice.

Artificial Intelligence in Education

ongoing creation of tools for assessment, individualized tutoring, and AI-driven adaptive learning systems to meet the needs of each unique student.

Even though all of the trends are based on the AI analysis from the previous year, there may be unanticipated events and technological advancements that cause the landscape to change in 2024.

Categories: Technology
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