Stanford HAI’s 2024 AI Index: State of AI in 13 Charts

By Maryam FarooqTop Resource

Highlights

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Original Resource Link: https://hai.stanford.edu/news/ai-index-state-ai-13-charts 
Original Resource Publish Date: April 15, 2024
Original Resource Author: Shana Lynch

  • The 7th edition of Stanford’s AI Index report covers 500 pages tracking 2023’s worldwide AI trends
  • The summary blog includes 13 easy to understand charts + descriptions of each 
  • Includes information like # of Foundation Models by Org, Select Technical Performance Benchmarks vs. Human Performance, and various Global Opinions 

Notes on the Resource

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In the latest release of Stanford’s 2024 AI Index report on Apr 15, 2024, the spotlight shines on foundation models, which have surged in prominence, while benchmarks struggle to keep pace. 

The report, spanning 500 pages and now in its 7th edition, highlights the dominance of closed-source models with organizations releasing a staggering 149 new models in the past year alone – more than double the number in 2022. Google is leading the charge in model releases, followed by OpenAI.

However, this progress comes at a steep cost, with the training expenses for these models skyrocketing. For instance, Google’s Gemini Ultra model required an estimated $191 million worth of compute resources, while OpenAI’s GPT-4 cost an estimated $78 million. This exponential rise in costs poses challenges for academia and government entities, potentially edging them further out of the AI race.

 

Moreover, the report underscores industry’s stronghold, with businesses driving 72% of all new foundation model releases in 2023. Contact-center automation emerges as a prominent application, with 26% of businesses leading the charge in this arena.

This overview report shows how innovation is flourishing alongside escalating costs and how industry growth is overshadowing other stakeholders. 

What's Missing?

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Are we likely to continue down this path in 2024? 
Email me, and let me know your thoughts.Email me, and let me know your thoughts.

 

Maryam
maryam@nyai.co

maryam-farooq

Maryam Farooq

Founder, NYAI

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Maryam Farooq is a community builder + frequent speaker on AI, and an early-stage startup advisor. She currently serves as the Founder & Director for NYAI (New York Artificial Intelligence). She is former Co-founder & COO of generative AI startup Aggregate Intellect, one of 7 companies to graduate the CDL Toronto AI program in 2023.  

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