Top 3 AI trends to Watch Out for in 2024

The following are the top three trends to watch out for in 2024:

• Reality Check: More Realistic Expectations:
• As AI becomes more mainstream, business leaders are gaining a better understanding of the capabilities.
• Gartner’s Hype Cycle places AI at the “Peak of Inflated Expectations,” thus bringing a transition toward more realistic expectations.
• Multimodal AI:
• AI models that can handle multiple types of data (such as text, images, and audio) are gaining momentum. Multimodal AI enables comprehensive and context-aware understanding, leading to improved applications in areas such as natural language processing and computer vision.
• Small(er) Language Models and Open Source Advancements:
• Smaller language models are becoming popular due to efficiency and accessibility aspects.
• This makes AI more accessible to developers and researchers.