5 AI Trends of 2024

2. Increased AI Regulation

There are growing efforts by governments and regulatory bodies all around the world, to address AI risks through regulations. On August 1, the European Union entered the Artificial Intelligence Act into force, which aims to establish standards for AI safety, transparency, and accountability. The Act will be effective from August 2026. In the U.S., Blueprint for an AI Bill of Rights by the White House Office of Science and Technology was released and aims to guide the responsible design, use, and deployment of artificial intelligence (AI) systems. Concerns about intellectual property regarding generative AI, are raising questions about content ownership. There is also an increasing call for transparency in AI development, particularly in disclosing training data and methodologies. AI regulation is one of the most significant trends in 2024, governments and regulatory bodies worldwide are establishing frameworks to ensure AI systems are safe, transparent, and accountable.