Generative AI trends in 2024

“Will autonomous agents lead to a prompt engineering transformation in 2024 ?”

By the end of 2023, several ChatGPT wrapper startups experienced failure and ceased operations. Many of them were replaced by OpenAI GPTs. However, despite these setbacks, Generative AI industry continued to evolve and grow. In 2024, we can expect to see the emergence of more sophisticated AI startups with offerings that go beyond chatbots. These new startups will focus on developing application-centric solutions that cater to specific use cases and industries. As AI technology advances, there will be a shift towards more specialized and targeted AI applications, opening up new possibilities and opportunities in the market.

Here we will explore 5 key trends that are expected to emerge and gain momentum in this year. These trends signify advancement of AI technology and its impact on various sectors and industries. Let’s dive into the exciting trends that are worth following in 2024.

Generative AI Democratization

In 2024 businesses to individual developers will gain access to advanced AI tools through cloud-based services leading to extensive use of generative AI applications in various sectors. Few examples are: AI-driven solutions like personalized recommendation systems for e-commerce, fraud detection algorithms for financial…