2024 witnessed significant strides in AI development. Key advancements include:
- The emergence of sophisticated multi-modal AI models enables more nuanced and human-like interactions (text, video, voice). The latest development in LLMs include reasoning capability with “chain-of-thought” process, contextualizing information step by step before providing an response.
- Growing enterprise adoption of AI across various sectors, driving innovation and productivity gains.
- Significant investments in AI infrastructure by major tech companies, including advancements in chip technology and exploration of alternative energy sources for data centers.
These developments underscore the rapid evolution of AI, driven by intense competition among leading players in a very close race.
Stepmark Partners 