In 2024, artificial intelligence experienced significant advancements, receiving recognition and investment while raising regulatory concerns. Key highlights include the dominance of generative AI (GenAI), with popular models like ChatGPT, Google’s Gemini, and Microsoft’s Copilot making headlines. AI reached new heights when two pioneers received Nobel Prizes for foundational work in machine learning. Nvidia surpassed Apple as the world’s most valuable company due to the high demand for its graphics processing units, crucial for AI model training. The European Union enacted the Artificial Intelligence Act to regulate AI development and address privacy and security concerns. Small language models emerged to meet specific enterprise needs, while agentic AI began taking precedence over traditional chatbots, enabling decision-making. The push toward artificial general intelligence (AGI) continued, despite existing challenges. However, a potential training data shortage looms, as companies risk running out of usable data for AI training. In response, developers like Anthropic are exploring synthetic data solutions while also prioritizing ethical AI practices to mitigate risks and enhance safety in the technology's evolution.

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