End of 2024: Notable AI Events in AI and Emerging LLM Developments
2024 End-of-Year AI Review
1) Notable AI Events in 2024
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AI Regulation Breakthroughs: The European Union’s Artificial Intelligence Act (EU AI Act) was officially passed, setting a global benchmark for AI regulation focused on transparency, safety, and risk management. This move spurred similar regulatory initiatives worldwide, with the U.S., China, and other regions introducing new standards, especially targeting generative AI.
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AI Safety Institutes and Collaboration: 2024 saw the launch and expansion of AI safety institutes in the US, UK, Singapore, and Japan, along with the establishment of the new EU AI Office to develop best practices for responsible AI.
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AI for Sustainability: Companies increasingly aligned AI initiatives with sustainability goals. AI was used to optimize energy use, reduce carbon emissions, and build resilient supply chains, with 34% of companies citing sustainability as a driver for increased AI/cloud budgets.
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Breakthroughs in AI for Science and Health: AI-driven discoveries in science & health at leading universities include: life-saving cancer diagnostics, and AI’s integration into climate modeling and disaster response.
2) Emerging LLM Providers and New AI Application Players in 2024
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Frame AI: Became a leader in customer success platforms, using AI to analyze customer feedback and drive retention.
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Uizard: Gained traction as an AI-powered design tool that transforms sketches into functional code and prototypes, democratizing app and web design.
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Moveworks: Expanded its AI-powered workplace support solutions, automating employee assistance and workflow management.
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Synthesia: Continued to dominate AI-generated video with realistic avatars and multilingual support for e-learning, marketing, and events.
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Codeium: Emerged as a top AI coding assistant, reaching unicorn status and offering advanced code suggestions and chat-based coding help.
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Supermaven: Launched as a new AI code completion tool, quickly adopted by tens of thousands of developers.
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Glean: Rose as a leading enterprise search and workflow automation platform, leveraging LLMs for workplace productivity.
3) More on Advancements in Generative AI in 2024
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OpenAI’s o1 Model: Set a new standard in advanced reasoning for mathematics and coding, further pushing LLM capabilities.
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Google DeepMind’s GenCast: Delivered major improvements in weather prediction, benefiting agriculture and disaster preparedness.
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AI Video Creation: Tools like Google’s Veo and OpenAI’s Sora revolutionized video content creation, making high-quality, AI-generated video accessible to all.
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Anthropic’s Claude Chatbot: Advanced AI safety and reliability, with deployments in critical applications like disaster response.
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Multimodal and Real-Time AI: Models that process and generate text, images, audio, and video in real time became widely available, transforming everything from creative workflows to customer engagement.
4) Notable AI Applications and Tools in 2024
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PhotoRoom: Achieved explosive growth as an AI photo editing suite, automating background removal and image enhancement for millions of users.
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Deepgram: Provided high-accuracy AI-powered speech recognition and transcription, finding use in media, compliance, and customer service.
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Arthur AI: Introduced Arthur Shield, the first firewall for LLMs, offering real-time protection against harmful prompts and outputs.
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DNSFilter: Used AI for real-time cybersecurity, detecting and blocking more threats than many legacy solutions.
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Otter.ai: Remained a top AI meeting assistant, now with advanced summarization and action item extraction.
5) Notable Established Company Moves in AI in 2024
| Company | 2024 AI Highlights |
|---|---|
| OpenAI | Released the o1 model, pushing the boundaries of LLM reasoning and coding2. |
| Launched GenCast for weather, Veo for video creation, and advanced Gemini model updates2. | |
| Microsoft | Rolled out Copilot Vision, integrating AI deeply into productivity and cloud environments2. |
| Databricks | Expanded its unified analytics and AI platform, raising significant funding and scaling enterprise AI. |
| Anthropic | Deployed Claude chatbot widely, emphasizing safety and reliability in critical use cases2. |
2024 was defined by the maturation of AI regulation, the rise of new LLM providers and startups, rapid generative AI innovation, and the integration of AI into sustainability and enterprise strategy. The year’s developments set the stage for even broader AI adoption and deeper societal impact in 2025.
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