In 2024, artificial intelligence (AI) experienced significant advancements and challenges. The year saw AI developers facing a potential data shortage. Notable achievements included the rise of Generative AI, AI spending reaching $13.8 billion, and Nobel Prizes awarded for AI contributions. Nvidia emerged as a key player in producing chips for large language models. Regulatory efforts, such as the EU's Artificial Intelligence Act, aimed to address AI risks. However, challenges like California's SB 1047 legislation highlighted the complexities of regulating AI. The development of smaller, industry-specific language models gained traction. AI agents showed promise in various fields, including healthcare. Gartner identified Agentic AI as a top trend for 2025. Despite progress in structured problem-solving AI models, achieving artificial general intelligence (AGI) remains a distant goal. Concerns over a potential data shortage led to exploration of training algorithms with synthetic data. Developers like Anthropic are focusing on ethical AI practices to address public concerns about AI risks. Read more AI-generated news on: https://app.chaingpt.org/news

#AI