What Can We Expect For AI in 2024?

This year, the world was stunned by how ChatGPT and a growing list of rival artificial intelligence products could produce realistic-looking images and human-sounding text from simple prompts. So, what can we expect from AI in 2024?

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AI tools will only get more powerful and continue to change how we interact with the technology, but the hype of the last year will also be dampened as people realize what the tools are actually capable of.

New use cases will continue to disrupt certain industries, including so-called AI agents that can carry out complex tasks — like planning a trip or ordering supplies — with limited intervention.

The pace of advancements may also lead to fully AI-generated movies and musical performances, not to mention more automated bots stoking hate and misinformation, and will likely spark greater public scrutiny. Expect more regulation and lawsuits. 

Read more about the coming year in AI from Bloomberg reporter Rachel Metz.

2023 Was the Year of AI

A lot has happened in the world of AI in 2023. We've put together a recap of the industry's biggest moments:

Microsoft Invests $10 Billion in ChatGPT Maker OpenAI (January 2023)

ChatGPT Creator OpenAI Debuts New GPT-4 AI System (March 2023)

New ChatGPT Challenger Emerges With 'Claude' (March 2023)

Nvidia Touches $1 Trillion Mark After Beating Rivals to AI (May 2023)

Job Cuts From AI Are Just Beginning, the Latest Challenger Report Suggests (June 2023)

Inflection AI Raises $1.3 Billion From Reid Hoffman, Bill Gates and Nvidia (June 2023)

Sarah Silverman, Authors Hit OpenAI, Meta With Copyright Suits (July 2023)

Stability AI Is Losing Executives, Engineers and Its Edge (August 2023)

AI Startup Hugging Face Valued at $4.5 Billion After Raising Funding From Google, Nvidia (August 2023) 

Amazon to Invest Up to $4 Billion in AI Startup Anthropic (September 2023)

Meta Brings Chatbots, Image Editing to Social Media Apps (September 2023)

Baidu Says Its AI as Good as ChatGPT in Big Claim for China (October 2023)

Biden Signs Sweeping Executive Order Regulating Artificial Intelligence (October 2023)

Elon Musk Debuts 'Rebellious' Grok AI Bot to Challenge ChatGPT (November 2023) 

Sam Altman Returns as OpenAI CEO in Chaotic Win for Microsoft (November 2023) 

Google Opens Access to Gemini, Racing to Catch Up to OpenAI (December 2023)

Europe Puts Stake in the Ground With First Pact to Regulate AI (December 2023)

Microsoft's OpenAI Investment Risks Scrutiny from US, UK Regulators (December 2023)

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