We are excited to share with you the top generative AI investment trends for 2024. Generative AI is a subset of artificial intelligence that uses vast amounts of text to create new content in seconds, including poetry, art, music, videos, and more. In business, generative AI can enhance human creativity and productivity, transforming how we work. McKinsey Digital estimates that generative AI could increase global corporate profits by $4.4 trillion annually ¹.

Generative AI Investment Trends in 2024

1. Quantum AI: Quantum AI, harnessing the tenets of quantum mechanics, signifies a substantial advancement beyond the confines of classical computing. It has the potential to revolutionize the way we process information and solve problems. Quantum AI is expected to be a major investment trend in 2024 ².
2. Multimodal AI Models: Notable progress in multimodal AI is poised to revolutionize creative capabilities. Multimodal AI models can generate images, videos, and text, making them ideal for use in advertising, marketing, and other creative industries ³.
3. Small Language Models: Small language models are becoming increasingly popular due to their ability to generate high-quality text with limited computational resources. They are ideal for use in chatbots, virtual assistants, and other conversational AI applications ².
4. Autonomous Agents in Generative AI: Autonomous agents are intelligent software programs that can perform tasks without human intervention. They are becoming increasingly popular in generative AI applications, where they can be used to create new content, analyze data, and perform other tasks ².
5. Generative AI in Healthcare: Generative AI is poised to revolutionize the healthcare industry by enabling the creation of new drugs, predicting patient outcomes, and improving the accuracy of diagnoses. It is expected to be a major investment trend in 2024 ⁴.
6. Generative AI in Finance: Generative AI is already being used in finance to generate investment recommendations, predict market trends, and detect fraud. It is expected to become even more prevalent in 2024 ⁵.
7. Generative AI in Retail: Generative AI is being used in retail to create personalized shopping experiences, generate product descriptions, and optimize pricing. It is expected to become even more prevalent in 2024 .
8. Generative AI in Gaming: Generative AI is being used in gaming to create new game content, generate realistic environments, and improve game mechanics. It is expected to become even more prevalent in 2024 .
9. Generative AI in Education: Generative AI is being used in education to create personalized learning experiences, generate educational content, and improve student outcomes. It is expected to become even more prevalent in 2024 .
10. Generative AI in Entertainment: Generative AI is being used in entertainment to create new content, generate special effects, and improve the quality of audio and video. It is expected to become even more prevalent in 2024 .

Generative AI is a rapidly evolving field that is poised to revolutionize many industries. The investment trends outlined above are just a few examples of how generative AI is being used to create value for businesses and consumers alike.