5 Big AI Movements In 2024 You May Have Missed Out On

Date: February 22, 2024

AI is making huge strides, and recently, it has moved international markets and businesses to bring revolutionary changes. Know what these top AI trends are.

Innovation in the world has always been surprising in nature. However, the recent innovation in the field of Artificial Intelligence has made AI the top mover of innovation for the last 3 years. The fact that AI itself is expected to become a $2 Trillion industry by 2030 speaks volumes about this newfound tech in our hands. Along with the potential dangers come risky ventures that lead the future. Here is how AI is doing its job of enabling innovation in various forms.

1. Growth In AI-Led M&A

The Mergers and Acquisitions in companies that have either adopted AI or developed their own AI technologies have increased by 37%. The total M&A value in AI-powered companies is expected to grow to $984 Billion by 2030. Enhancing efficiency, powering analytic intelligence, and improving human-tech interactions make AI one of the most lucrative technologies to invest in for VCs, and has also helped Startups raise better deal volumes and values.

2. Rise Of New AI Legislations To Protect Artist Rights

Yoshiki, the leader of X Japan, has been an active advocate to safeguard artist’s rights amid the rising AI practices to produce, copy, and revamp music. Expressing concerns regarding the blurred awareness of AI and human-produced music compositions, he stated that new copyright and publicity rights should be introduced to curb the negative impact of AI’s development, causing the music industry’s originality to succumb and killing the income source of human music artists.

3. World’s First Fully AI-Powered Restaurant In Pasadena

CaliExpress, a first-ever AI-powered restaurant, is set to open in Pasadena. It will integrate Miso Robotics and PopID technologies, establishing groundbreaking autonomous restaurant operations. The restaurant’s guests can self-order and watch the food being prepared in real-time. Flippy, an AI-powered robot, will serve food and beverages to enhance the overall experience.

4. AI-Powered Police Cameras In Ayodhya

AI-powered CCTV cameras were deployed to ensure that security is top-notch during the Ram Temple consecration ceremony. With Prime Minister Narendra Modi and many other VVIPs attending the sacred event and millions of people present, AI helped ensure nothing bad occurred.

5. Surge In Demand For AI Specialists

AI researchers have found an astounding 40% surge in the demand for AI-powered professionals. IBM’s Sriram Raghavan stated that India’s population-scale issues will be effectively addressed with the right use of AI in various departments, especially in weather and climate change sectors.

The rise of AI innovation is also giving rise to the crowd growing skeptical about the technology. However, the recent advancements have brought positive outlooks in multiple aspects. This, in continuation with top AI tools growing rapidly, can become a world-changing period for all of us. As we look ahead to 2024, it's important to note that the tech landscape is evolving at an incredible pace, and the anticipation is building as we eagerly await the release of the Top 100 Startups to Watch in 2024, which promise to shape the future of technology and business.