WHEN AI WILL BECOME ALL-PERVASIVE

2024 will witness a hockey curve growth in AI adoption across everything imaginable

- JAIJIT BHATTACHARYA

THE YEAR 2023 can very well be summarised by the news of Paytm announcing significant reduction in its workforce as it moves to harness the power of AI for increasing productivity. It captures the developments of the year across technological advancements, business implications, societal implications and thus regulatory challenges.

The year started with the world being astonished at the power of generative AI demonstrated by the LLM-based ChatGPT 3.0. Even before they could fully comprehend the technological threshold that has been crossed after more than seven decades since the concepts and algorithms of AI started getting created, the world was hit with ChatGPT 4.0, a significant leap in AI power, in a short period of three months. If this was the new pace of technological upgradation, then the timeline predictions of AI surpassing human intelligence had to be significantly brought forward.