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ARTICLE · 24 JANUARY 2024

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2024: The Year Of AI

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On 29 December 2023, on the floor of the New York Stock Exchange, 2024 was declared to be the "year of AI" by top tech analyst Dan Ives. This Article will look at what we can expect from general...

European UnionTechnology
Ricky Kelly
Ricky Kelly
Sadhbh Walsh
Sadhbh Walsh
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On 29 December 2023, on the floor of the New York Stock Exchange, 2024 was declared to be the "year of AI" by top tech analyst Dan Ives. This Article will look at what we can expect from general artificial intelligence (AI) in 2024.

Race to regulate

2024 will be the year regulators step-in to ensure that AI systems used are safe, transparent, traceable, non-discriminatory and environmentally friendly. Regulators understood the risk of being outpaced by rapidly evolving AI technology in 2023 and the urgent need to respond.

The EU is spearheading AI regulation and on 9 December 2023, the European Parliament reached a provisional agreement with the European Council on the AI Act. The text of the Act will have to be formally adopted by both the Parliament and the Council to become EU law.

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