Intro

Welcome to the AI Trends Report 2024 by statworx, a leading AI consulting and development firm based in Frankfurt, in collaboration with the AI Hub Frankfurt. The year 2024 marks a significant period of change and innovation in artificial intelligence, with AI increasingly applied in real-world contexts.

This report outlines the major trends expected in 2024, defining trends as transformative changes with a tipping point where small-scale shifts evolve into mainstream upheavals. Each trend, supported by extensive research and expert insights, offers valuable foresight for companies navigating the evolving landscape of AI. While some trends are confidently projected, others are presented provocatively to spark forward-thinking discussions.

Management Summary

Our report delineates twelve dynamic trends across three pivotal domains: Culture & Development, Data & Technology, and Transparency & Control. These trends mirror the swiftly evolving AI landscape, providing profound foresight into forthcoming shifts that will influence both businesses and society at large. Beyond serving as a mere catalogue of current advancements, this report serves as an essential resource for companies, decision-makers, and innovators to comprehend, prepare for, and leverage forthcoming changes. Our objective is to furnish readers with a strategic edge by examining the ramifications of trends on business, society, and technology. For executives, tech professionals, and forward-thinkers alike, this report furnishes invaluable insights and fresh perspectives.

Review 2023

1.  The race for supremacy in language models saw intensified competition in 2023, with contenders like Google’s PaLM2, OpenAI’s GPT4, Anthropic’s Claude, and Google’s latest Gemini family vying for the throne held by GPT-3. Despite internal upheavals, OpenAI remains dominant.
2. Open-source models emerged as robust contenders in 2023, challenging proprietary counterparts. The launch of ChatGPT spurred the development of open-source alternatives, leading to a proliferation of chat models promising performance akin to ChatGPT.
3. Diffusion models, renowned for image generation, faced scrutiny for their applicability in text and music generation, showing modest success thus far. While initial experiments yielded mixed results, progress is ongoing, particularly in video generation.
4. Transformers, traditionally used in text modeling, explored multimodal applications in object recognition and time series prediction in 2023. Despite existing outside text domains, significant breakthroughs remained elusive, although research into multimodal transformers persisted.
5. AI regulation gained momentum globally, notably in the European Union with the conclusion of negotiations on the AI Act. Additionally, the Biden administration issued an executive order on AI regulation, and efforts by the Council of Europe and the UN underscored the push for comprehensive AI governance beyond the EU.

Trends Part 1 – Culture & Development

NWOW: AI Edition

TREND 1

AI expertise is becoming an indispensable pillar of corporate development

TREND 2

AI paves the way for the 4-day workweek An AI blockbuster heralds a new era in media production

Augmenting everything

TREND 3

AGI draws closer: Omnimodal models master the sensory world.

TREND 4

An AI blockbuster heralds a new era in media production.

Trends Part 2 – Data & Technology

It‘s all about resources

TREND 5

Resource scarcity as a catalyst: A challenger technology will attack NVIDIA‘s core business

TREND 6

Quality instead of quantity: innovations instead of more
data are needed to make AI models better

Next Gen of AI superpowers

TREND 7

AI integrators like Microsoft, Databricks and Salesforce will be the big beneficiaries because they bring AI to the end user

TREND 8

Free AI superpower: An open-source model outperforms the latest GPT version

Trends Part 3 – Transparency & Control

Transparency + AI Act = Money

TREND 9

AI transparency becomes a flagship: after OpenAI, a European AI start-up becomes the “next big thing”

TREND 10

AI Act as an opportunity: Safe AI “Made in Europe” becomes a seal of quality for investors

How to gain control

TREND 11

AI agents that interact with each other are changing the rules of our economy

TREND 11

Values and performance in harmony: Alignment gets the most out of foundation models

The Table of Contents of “AI Trends Report 2024” Report :

• Intro
  Why 2024 will be an even more important year for AI than 2023, what we mean by a trend and what you can expect from this report.
• Review 2023
  How good was last year‘s prediction of the most important AI trends and what has happened since?
• Trends Part 1 – Culture & Development
  4-day workweek, omnimodality and AGI: AI is transforming everything from the world of work to media production.
• Trends Part 2 – Data & Technology
  2024 will be all about data quality, open source models and access to processors.
• Trends Part 3 – Transparency & Control
  In the search for accountability, the AI Act strengthens Germany as a business location. Transparency becomes a quality criterion.
• Outro
  How do we as a society deal with the analyses and findings from this AI trend report?
• Tips & Links
  Informative media tips to read and watch as well as further links to workshops and educational offers.
• About statworx & AI Hub Frankfurt Rhein-Main
  We introduce ourselves: Find out who writes this report and what drives us.

Number of Pages:

• 74 pages

Pricing: 

• Free