The State of AI Report 2024
Last Updated on October 31, 2024 by Editorial Team
Author(s): Derrick Mwiti
Originally published on Towards AI.
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Photo by julien Tromeur on UnsplashThe βState of AI Report 2024β just dropped. Here are the biggest highlights.
Letβs start with the most exciting part: research. AI has seen incredible developments across multiple fields. Large language models (LLMs), like GPT-4 and Claude 3.5, have drastically closed the performance gap between labs, scoring nearly identical on important benchmarks like factual recall and mathematical reasoning. But OpenAI isnβt just sitting back β their new o1 model is a game-changer, with the ability to solve complex math problems through enhanced inference, using a step-by-step reasoning approach.
One example from the report shows OpenAIβs o1 model scoring 83.83 on the 2024 AIME (a math competition), which is an astronomical leap compared to its predecessor.
While we celebrate these advancements, we must acknowledge the challenges that accompany them. One major concern is the cost of deploying AI models. As noted in the report, the expense associated with processing tokens in models like OpenAI o1 is staggering β around $15 per million input tokens and $60 for output tokens. This raises questions about accessibility. If only a few companies can afford to develop and deploy the most advanced… Read the full blog for free on Medium.
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