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As we enter 2024, the world of innovative technology is moving faster than ever, and something called "generative AI" is making a big move. Last year, people got a taste of it with things like ChatGPT. But get ready because 2024 is all about businesses and big industries jumping on the generative AI to make things better and more intelligent. So let's see what AI for future looks like and what are AI predictions for the future. Also, let us look at “Is AI good for the future?”

As per the CIO&Leader Annual State of Enterprise Technology report, the adaptability of artificial intelligence (AI) is encouraging businesses to explore a wide range of applications within their daily operations. This trend is sparking increased enthusiasm for integrating AI in various business processes.

As reported by Indian Business Insider, “The marked increase in AI spending reflects a fundamental shift in enterprise technology investment strategies. It highlights the growing realisation of the transformative impact of AI on business operations and its tangible benefits," said R Giridhar, Group Editor and Head of Research at 9.9 Group.

Let's explore some territories where artificial intelligence (AI) has the potential to make significant advancements.

AI in 2024: What to Expect

ChatBots 

When we talk about AI predictions for the future, this is the first thing that comes to mind. In 2024, generative AI is expected to become more accessible to the everyday person, even those without technical expertise. We anticipate a surge in individuals experimenting with a multitude of AI models. Advanced AI models like GPT-4 and Gemini are at front runners, being multimodal and capable of handling text, images, and videos. However, the effectiveness of this trend depends on the reliable performance of these models. With the ability to handle diverse types of content, chatbots can interact with users through text, images, and even videos. This richer, more dynamic interaction is poised to create a more personalised and interactive communication experience.

Moreover, the multimodal capabilities of AI models like GPT-4 and Gemini empower chatbots to generate text-based responses and visual content. Chatbots can create and share images or graphics, offering a more comprehensive and visually appealing communication experience.

Turn Words into Videos 

Imagine a magical world where computers can turn words into videos. Cool, right? Tools like OpenAI's DALL-E, Stability AI's Stable Diffusion, and Adobe's Firefly are making this happen. They've flooded the internet with mind-blowing pictures, and now they're stepping up their game to create videos from plain text.

Big movie studios like Paramount and Disney are taking notice and using these cool computer tricks in their movies. They're making actors' voices match up perfectly with different languages and doing mind-blowing things with special effects. It's not just for film; many big companies also use this tech for advertising and training. 

Professional Licensing for AI

In the following year, we may require AI systems to get a professional license,” said Amy Webb, chief executive of the Future Today Institute, a consulting firm. “While certain fields require professional licensing for AI, so far, algorithms get to operate without passing a standardised test. You wouldn’t want to see a urologist for surgery who didn’t have a medical license in good standing, right?”  In the world of AI, we wonder if it's necessary to have a license because AI can be used for good and bad things. On the positive side, it can help a lot in areas like healthcare, education, and taking care of the environment. But if it's misused, it could cause problems like invading privacy, maltreating people, taking away jobs, and the risk of AI-powered weapons. Professional licensing for AI can act as a control to balance the significant authority humans hold.

The importance of authenticity will grow even more

Imagine being sure whether your friend's vacation photo on Instagram is a real-life moment or created by a computer. There's a prediction that Apple will introduce a "Photographed on iPhone" stamp next year to confirm that the photos are not generated by artificial intelligence. As we navigate an era where AI's capabilities expand, establishing trust and veracity in our interactions, communications, and shared experiences will become essential to preserving the integrity of our digital narratives and connections.

Future Jobs for Specialization in AI

When thinking about jobs in AI, we wonder, "What are the future jobs for specialisation in AI?”

The job market for AI is changing a lot. Some jobs might disappear, but there are new chances coming up, especially in fields that need advanced AI and data skills. This change is important for India. By 2024, around 1.2 million AI-related jobs might not have anyone to do them. It's crucial for people in India to learn new skills and keep learning. This shift in the job market gives a significant opportunity for professionals in India to change and do well in the growing AI job market. It's a great time for professionals to learn more, keep learning, or even think about switching to a career in AI.

Future AI Scope in India and the World

In 2024, the stories of AI around the world and in India are coming together. Global trends like practicality, open-source models, regulations, job changes, and efficiency improvements are causing big changes in AI. Meanwhile, India's growth in IT and AI brings a special touch to this story. India has a big market, lots of investments in IT and AI, and new rules, making it stand out in the global AI revolution. Going into 2024 and beyond isn't just about adapting to changes; it's about leading and shaping the future of technology and innovation. Let's go on this exciting journey together!