Global AI Trends

Based on the State of AI Report 2024
Year in Review
Artificial Intelligence in 2024: Where Is the Technology Headed and What’s Next?
Artificial intelligence (AI) continues to evolve at a rapid pace, influencing a vast range of sectors. The State of AI Report 2024, compiled by analysts at Air Street Capital, consolidates the key trends in research, business, policy, and security. Let’s take a closer look at the current AI landscape and the changes we can expect in the near future.
Year in Numbers
  • $100 млрд

    Total AI investments in 2024
  • $9 trillion

    Combined valuation of AI companies
  • 2.5× faster

    Growth rate of AI-driven companies’ assets compared to those of companies not using AI

QUote

Generative AI is a tool that can be used for both good and harm, and we must remain mindful of its potential impact on society

Sam Altman
CEO Open AI
Clash of the Titans: OpenAI vs. Competitors
Until recently, OpenAI reigned unchallenged in the field of large language models (LLMs). However, in 2024, companies like Meta, Google DeepMind, and Anthropic managed to narrow the gap significantly. For instance, Meta’s new Llama 3 series has, for the first time, reached a performance level comparable to closed-source models such as GPT-4.
Models now do more than just generate text—they can learn programming, solve mathematical problems, analyze images, and even process biological data. Leading enterprises are betting on multimodal models that can handle multiple types of information simultaneously: text, images, video, and even molecules.
A central focus is optimization and cost reduction in AI. Organizations are implementing quantization (reducing model size), distillation (transferring knowledge from larger models to smaller ones), and decreasing parameter counts without sacrificing accuracy. These approaches make it possible to run powerful models directly on smartphones.
  • 12.5 million

    Hours of speech processed per year by LLM solutions
  • +35%

    Improvement in analytics accuracy and speed thanks to Retrieval-Augmented Generation (RAG)
  • +41%

    Increase in customer retention fueled by AI
NVIDIA Remains the King of the AI Industry
NVIDIA continues to dominate the AI hardware market. In 2024, its market capitalization reached $3 trillion, and the new Blackwell B200 and GB200 Superchip GPUs promise to reduce model training costs by a factor of 25.
Competitors such as AMD, Intel, and Google are striving to capture market share, but thus far, without significant success. Even giants like OpenAI and Meta still rely on NVIDIA for their hardware needs.
Notably, Chinese AI companies have ramped up efforts to develop their own large language models, despite U.S. sanctions. Chinese labs are successfully creating models that rival their Western counterparts, using fewer computing resources.
Where AI Is Transforming Business
AI is making its mark across a spectrum of industries—including business automation, healthcare, finance, and entertainment.
  • Automation: By 2024, AI is already aiding companies in process management, software coding, large-scale data analysis, and software testing.
  • Healthcare: New AI models, such as AlphaFold 3, are helping develop pharmaceuticals and analyze biological processes. Google DeepMind and OpenAI are building AI medical assistants capable of reading X-ray images and diagnosing diseases.
  • Video and Images: Generative AI is refining image and video production. OpenAI has introduced Sora—a powerful video-generation tool—while Stability AI has released Stable Video Diffusion, which enables the creation of animations from text.
Artificial intelligence is becoming a central part of everyday life, extending from healthcare to politics. Companies continue to vie for leadership, while governments strive to regulate these transformative technologies.
The critical question remains: Will the AI boom spark a revolution, or will it encounter unforeseen limitations? We’ll find out in the years to come.