AI in Everyday Life: How Artificial Intelligence is Shaping Our World in 2024

Introduction

Artificial Intelligence (AI) has become an integral part of our daily lives, and its influence is only set to grow in the coming years. This blog post explores the various ways AI is expected to shape our everyday experiences in 2024, from small language models to automation of everyday tasks and the democratization of AI.

Rise of Small Language Models

In recent years, large language models like ChatGPT and Microsoft Copilot have gained popularity. However, these models require significant computing resources. As a result, there is a growing trend towards the development and use of small language models (SLMs) that are more accessible and require fewer resources [1].

Customization and Bespoke Model Development

Advances in open-source models and evolving techniques are enabling smaller players, such as startups and amateurs, to access sophisticated AI capabilities that were previously out of reach. Enterprises in 2024 can pursue differentiation by developing bespoke AI models tailored to their specific needs [2].

Automation of Everyday Tasks

AI is being leveraged to automate everyday tasks, leading to increased efficiency and productivity. This allows organizations to save on staff resources while improving output. Additionally, AI can help companies find competent individuals for their development through automated processes.

AI in Online Chat Portals

AI is commonly used in online chat portals, where it can provide automated responses and engage in genuine conversations with users. This application of AI has become increasingly prevalent and is expected to continue growing [3].

Voice Assistants and Voice Search

The use of AI-powered voice assistants is on the rise, with 50% of U.S. mobile users using voice search daily. This trend highlights the growing prevalence of AI-powered voice assistants in everyday life. Voice assistants are becoming more sophisticated and capable of processing not only text but also images and videos [4].

AI's Impact on Various Industries

AI continues to revolutionize various industries, with an expected annual growth rate of 37.3% between 2023 and 2030. AI technologies are increasingly being adopted to address labor shortages and improve business operations [4].

AI and Data Science

AI and data science are front-page news, and their progress is accelerating. The rise of generative AI has driven increased visibility and interest in the field. In 2024, we can expect further advancements and successful use cases in AI and data science [5].

User-Friendly AI Platforms

Tech giants like Google and OpenAI are developing user-friendly platforms that allow people to customize powerful language models and create their own AI applications without coding skills. This democratization of AI is expected to make generative AI more accessible to non-tech individuals, leading to increased experimentation and innovation [6].

Maturation of AI

AI is expected to enter a phase of early maturation in 2024, with the development of real-world applications. However, there are debates and concerns about the potential impact of AI on job displacement [7].

Conclusion

Artificial Intelligence is no longer a distant concept; it's a reality that's shaping our everyday lives in numerous ways. As we move into 2024, we can expect to see AI becoming even more integrated into our daily routines, from the way we communicate to the way we work and learn. While there are still debates and concerns about the potential impact of AI, there's no denying its transformative potential. As we continue to explore and harness this potential, we can look forward to a future where AI enhances our lives in ways we can only begin to imagine.