5 AI Trends of 2024

Page 1 of 5

In this article, we look at the 5 AI Developments/Trends of 2024. If you want to read the latest trends and developments in artificial intelligence (AI) along with a more extensive list,  you can head straight to the 15 AI Trends of 2024.

5. Rising GPU and Cloud Costs

The growing demand for AI services is contributing to increased costs associated with GPU hardware and cloud computing resources in 2024. Training and running Large Language Models (LLM) require substantial computational power which lead to heightened competition for GPUs and is driving up prices for cloud infrastructure. As a result, there is a rise in Small Language Models (SLMs) that focus on improving the efficiency of AI workflows and infrastructure.

Page 1 of 5