2024: The Year of AI's Promise and Peril

As AI becomes increasingly integrated into society, experts predict transformative potential and warn of significant challenges, including misinformation risks and practical limitations.

2023 was a pivotal year for the development and public awareness of artificial intelligence (AI), with the emergence of generative AI and significant regulatory efforts by the Biden administration and the European Union.
AI researchers predict that 2024 will see a push for greater understanding of AI among the general public and within education systems, potentially leading to more informed use and critique of the technology.
Despite the hype, there are concerns about the practical usefulness of AI due to its tendency to produce inaccurate information and 'hallucinate', or generate plausible-sounding but unrelated responses.
AI is expected to become a significant factor in elections, with fears of a 'tsunami of misinformation' generated by AI tools. Regulatory efforts are expected to intensify in response.
Despite these concerns, AI is predicted to transform work practices and potentially spur a productivity boom across the global economy. However, adoption may be slow due to technical and cost barriers.