A glimpse into GenAI’s role in 2024

Heading into the future, the changes in 2023 for businesses and society have been really big. Lots of different kinds of technology are getting better and used by companies everywhere, making things different. Now, let us talk about what is coming up soon, especially in Generative AI (GenAI).

More and more companies are using super-smart computers, called AI, along with really powerful machines. They have realized it is not just a test anymore but a big plan to make work better. In 2024, we are expecting some really cool changes in things like using many clouds, super-fast computing at the edge and open systems. Plus, there is this amazing thing called Generative AI that is making waves.

Technologies that automate smart decisions and unleash true value call for flexible, on-demand computing power and storage. Recent months have seen a significant shift towards multicloud strategies, with a whopping 87% of organizations reporting adoption.
In 2024, lots of money, more than a trillion dollars, is expected to be spent on powerful computers in the cloud. This shows how much technology is changing how businesses work. GenAI, a super-smart tool, was a big deal in 2023, and experts think it will change a lot of things. It can make new stuff like pictures, speech and even computer code. This is going to help with jobs like selling things, talking to customers and making new software. It is like unlocking a ton of money in different areas.

Now, there is something new called open ecosystems that make powerful AI tools easier to use and not so expensive. People are sharing special AI models for free, like LLaMA and Stable Diffusion, helping everyone in groups like Hugging Face, a top place for these free AI tools.

Also Read: Google’s plan to block third-party cookies sparks debate | Scotland’s Humza Yousaf commits £2m for climate aid at COP28

Now, companies are changing how they use smart computers. Instead of just teaching them, they are making them figure out useful things from lots of information. This is going to help in areas like making healthcare plans, predicting risks for insurance because of climate changes, using different kinds of smart tech and quickly copying things in factories. All of this will need better and smarter computer systems.