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AI Innovations 2024: A Comprehensive Overview

Feb 26, 2024

5 min read

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Futuristic picture of AI

In a realm where AI evolves faster than a blink, staying updated can feel like chasing the wind. That's why we've penned down insights to bridge you to the latest in AI.

We grouped this post it by topics: Text generation & LLMs, Video generation, Image generation, Speech, Computer Vision


Text generation & LLMs

Language processing has undergone a significant transformation with breakthrough in Large Language Models or LLMs - advanced neural network architectures trained on vast amounts of text, enabling them to mimic human writing and conversation remarkably well.

In less than a year, Large Language Models (LLMs) have transformed from mere text completion tools to powerful chatbots capable of executing code, utilizing tools, accessing external knowledge, and searching the web.


Key Advancements in Large Language Models:


  • Vision Integration: The ability to understand the context of an image has been a game-changer. Now, uploading an image to models like GPT enables them to grasp and interact with visual information, adding a new dimension to AI's understanding.

  • Voice-Enabled Conversations: The leap towards enabling voice interactions has made AI more accessible and user-friendly, allowing for a seamless conversation experience.

  • Extended Context Length: The capacity for longer conversations and more detailed prompts has seen a dramatic increase. Token limits have expanded from 2,000 to an impressive 128,000 with GPT-Turbo, while Gemini 1.5 Pro can handle up to 1 million tokens, enabling more comprehensive and nuanced dialogues.

  • Code Execution: The ability for these models to write and execute Python functions, among other programming tasks, opens up vast possibilities for automation and problem-solving.

  • Tools: LLMs have learned to use any API tool provided by developers, showcasing their ability to adapt and perform a wide range of tasks.

  • Memory: Storing conversations allows for continuity and personalization over time, making interactions with AI more meaningful and tailored to individual users.

  • Personalization and Task Planning: Breaking down complex tasks into smaller, manageable actions, combined with the ability to personalize responses, marks a significant stride towards more intelligent and user-centric AI.

  • External Knowledge: Utilizing Retrieval Augmented Generation (RAG), these models can now pull data from external sources, enriching their responses with a broader scope of information and insights.


 Retrieval-augmented visual-language pre-training. Source: Google Research
Retrieval-augmented visual-language pre-training. Source: Google Research

Closed-Source Leaderboard

At the apex of AI innovation stand OpenAI's GPT-4, powering ChatGPT, and Google's Gemini Ultra, at the heart of Gemini, epitomizing the closed-source foundation models. These models, although leading in capabilities, remain inaccessible to the public, with their development and functionalities kept under wraps.


Open-Source Alternatives

In contrast, the AI domain is witnessing a rise in open-source models, which promise transparency and freedom. These models distinguish themselves by making their source code, architecture, and occasionally training data publicly available, liberating developers from the constraints of proprietary systems. This openness enhances data security, privacy, and customization, reducing reliance on singular providers such as OpenAI's API service.


Some of the leaders are Mistral, a French AI start-up founded by ex-researchers from Meta and Google DeepMind, along with models named after Andean wool-bearing animals🦙: LLaMA, Alpaca, Vicuna and dozens of others.


The HuggingFace leaderboard can be found here


Foundation Model. Source: NVIDIA
Foundation Model. Source: NVIDIA

The Future

The AI/ML community remains in a constant state of exploration, endeavoring to harness the full potential of these advanced tools, techniques, and models.

The future landscape is set to be dominated by AI agents, transforming business operations and personal lifestyles. Every business will soon integrate a