AI and ML Trends Shaping the Future: What to Expect in 2024

Over the past few decades, AI (Artificial Intelligence) has become embedded in every sector of the globalised world. It is hard to ignore its impact, starting from chatbots to automation in the market.

ML (Machine Learning) is a standard technology for achieving AI success. As we enter 2024, India's AI and ML landscape has significantly evolved. It is claimed that AI will only reach its full potential if it is available to everyone in the country. Several applications put AI & ML functions at the fingers of the person.

The market size of AI reached more than $4.1 billion in 2023, in which the majority share of $2.7 billion was held by machine learning (Source: Statista). Before delving deeper into the current AI trends, let’s talk about careers.

If you want to develop your career in the AI & ML niche, B Tech from Manipal University, Jaipur, will be the most suitable option. This four-year degree program provides highly professional skills to excel in AI & ML jobs and other career opportunities.

• Machine Learning Experts
• Data Scientist
• Data Engineer
• Project Manager
• Business Intelligence Analyst

Let's explore emerging trends in the fast-paced world of AI & ML.

Trends of AI & ML

Generative AI

Most tech companies are heavily investing in bringing generative AI into effect. Because of this evolution, non-tech persons will also become eligible to process texts, images, and videos.

Before delving deeper into generative AI, you must know about its models expected to come into effect in 2024. It includes GPT 4, DALL-E, Gemini, and Adobe’s Firefly.

Manipal University, Jaipur, uses generative AI, a human-centred approach, to prepare professionals capable of informed decision-making practices in the competitive business environment. It also contributes best to the limitless growth of Industry 5.0.

Multimodal AI

It was a complex procedure to handle diverse data types such as texts, images, videos, and audio seamlessly. On the other hand, Multimodal AI made it possible for business professionals to work in a competitive environment.

In 2024, multimodal AI is replacing single-mode functions in generative AI. It is also making AI more dynamic and intuitive.

Implications of multimodal AI give rise to different open models such as LLava, large language, vision assistant, and more. Top universities of India, like Manipal University, have industry collaborations that help students gain internship programs. B Tech students at this premier institution completed their internships from top-tier organisations to gain hands-on learning on the implications of multimodal AI.

Cloud Native

Cloud native is the software approach of building, managing, and deploying modern applications in the cloud computing. Hugging Face, Google, and OpenAI are the players to leverage cloud-native infrastructure in 2024. Kubernetes is focusing on leveraging generative AI platforms in the ever-changing technological landscape in 2024 (Source: Forbes).

We at Manipal University, Jaipur, teach students about numerous tools supporting running model inference.

• vLLM
• Ray Serve from AnyScale
• Text Generation Inference from Hugging Face

Cloud-native offers best practices to professionals for optimisation and reference architectures to enhance the cloud infrastructure in 2024.

Autonomous Agents

To make planning and execution more easier and automated, the AI program named autonomous agents was launched.

LlamaIndex and Langchain were used to build autonomous agents for 2024. It is a software program designed to perform different tasks to achieve a specific goal.

Autonomous agents bring a boom in automation procedures, which is currently emerging as a significant trend. Organisations adopted autonomous agents to make precise predictions, take actions, and interact with less human intervention.

Heeding the need for professionals who have knowledge of autonomous agents, top universities of India offer B Tech CSE programs. At MUJ, it is provided with the application of software and experienced faculty members, among which 70% are PhD scholars.

What to Expect with AI in 2024?

As stated by Forbes, one can expect the below-mentioned statistics with AI to shape the future of society in the upcoming years.

• Over 64% of business enterprises believe that AI may increase their productivity in the competitive environment.
• Responding to people via text or email is the most common way, with 45% using AI in 2024.
• Around 77% of businesses believe that AI will cause job loss in the next year.

Also, you can expect several AI & ML tools to be used in 2024 for improved decision-making, automation, and other data-driven solutions.

• Fractal
• Latview Analytics
• Mu Sigma
• Genpact

While pursuing B Tech CSE at top universities in India, you will learn about AI/ML tools and their usage in real-world settings. It prepares leading professionals to enhance the AI industry in this ever-changing technological era.

B Tech Computer Science and Engineering (AI & ML) at Manipal University, Jaipur

Manipal University, Jaipur, offers this four-year degree program with cutting-edge courses in AI & ML. You can benefit from CBCS (Choice Based Credit System) and credit exchange programs to study in reputed foreign universities.

Over 34 industry collaborations at this premier institution assist students in utilising opportunities of 99% placements. Being one of the NAAC-accredited universities in Rajasthan, MUJ believes in providing experiential learning to prepare students professionally in the competitive era.

Visit the official website to learn more about Manipal University, Jaipur B Tech and enrol for admissions in 2024 to stay updated on AI advances.

Let’s Conclude

The AI industry is rapidly evolving in the fast-paced digital world. In 2024, we can expect this evolution to continue further. Organisations are revealing their opinion on AI & ML, shaping the future. Most companies have stated that AI will bring significant evolution to the contemporary world of technology. A wave of AI’s evolution is also becoming a considerable point for graduates seeking a job position to excel in the technological world.