Artificial intelligence (AI) has been making waves in 2024, shifting from mere novelty to practical applications that are changing industries and people’s lives. According to computer science professor Arvind Narayanan, the focus is now on using AI tools for useful purposes without breaking the bank.
Last year’s hype around generative AI has given way to more tangible products that take advantage of its capabilities. Companies like Google and OpenAI have released more accessible versions of their powerful models, enabling people to make use of them in various applications. This shift is crucial as it addresses concerns about the effectiveness and cost-effectiveness of AI.
However, AI’s sticker shock persists due to massive investments in research and development. Tech giants are investing hundreds of billions of dollars in energy-hungry computing systems running on expensive AI chips. Analysts like Kash Rangan at Goldman Sachs have questioned whether the benefits justify the costs.
Despite concerns about job replacement, AI is being used to supplement workers’ tasks, such as automating employment contracts and video game performances. Musician and author Walid Saad notes that generative AI still lacks creativity and understanding of human nuances, but it can assist with data analysis and provide a starting point for doctors to investigate.
As the technology advances, experts predict an “agentic future” where AI agents can work together as a team to accomplish tasks. Cisco’s Vijoy Pandey envisions AI-powered software that relies on specialized agents working in harmony. The medical field has seen significant gains from AI tools, including faster diagnostics and collaborative research processes.
While there are still challenges to overcome, AI is slowly becoming more practical and user-friendly. As the technology continues to evolve, it will be essential to address its limitations and ensure its benefits outweigh the costs.
Source: https://apnews.com/article/ai-artificial-intelligence-0b6ab89193265c3f60f382bae9bbabc9