AI predictions for 2024: The top 7 trends to watch out for

AI is transforming the world in ways we never imagined. From creating art and entertainment to enhancing productivity and security, AI is reshaping every aspect of our lives and society.

In this blog post, we will highlight seven predictions for AI in 2024, based on the insightful LinkedIn post by our Co-founder, Group Chief Executive & Vice-Chairman, Srikanth Velamakanni.

2023 was the year when the world woke up to the potential of AI, 2024 will be a year when we see a very tangible role of AI in making our lives better,” Srikanth said.

Now, let’s jump into some of the most exciting and impactful developments in AI and how they will affect us soon.

  1. The foundation models race will heat up: Gemini will launch before February, followed quickly by GPT-5 by March.
  2. Foundation models vs domain-specific models: Foundation models will continue to challenge domain-specific ones, yet hybrid approaches will remain valuable.
  3. Productivity boost across sectors: AI assistants, apps, and agents will enhance productivity in repetitive, cognitive, and creative tasks.
  4. Enterprise adoption of Gen AI: Over 80% of Fortune 100 companies will implement Gen AI infused use cases, as risks related to privacy and compliance get mitigated.
  5. Enhanced enterprise and website search: Powered by Gen AI, enterprise search and website search experience will improve substantially.
  6. AI media creation: Text-to-video, image upscaling, and image-to-video technologies will become mainstream, revolutionizing content creation.
  7. AI assistants in coding: Near-universal adoption of these tools will boost productivity by approximately 30% in coding tasks.

If you want to know more about the other predictions, click here, where you can find the original post and join the discussion.