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Which technology of 2024 do you think is the best? This year, every 'upgrade' in the information technology sector focused on artificial intelligence (AI). The impact of AI, expansion and integration of AI with other technologies remained the most interesting and discussed throughout the year 2024. Various initiatives were also taken in the field of mobile technology, space exploration, quantum computing and green technology. The commercial and political competition for semiconductors and advanced chips and their supply continued this year as well. Another significant topic of the year was the ban on TikTok in various countries and the ongoing debate in the United States.
The crypto market, which had faltered at the start of the year, turned sour towards the end. The company achieved a return of up to 440 percent of its investment when the price of Bitcoin exceeded $100,000 for the first time in history. Some new exciting products in the field of mobiles and gadgets have been released. Both the use and advancement of electric vehicles increased . The world's richest tech billionaire Elon Musk not only became a significant influence in the US presidential election, he also became the owner of nearly four trillion dollars.
In the December 30 Forbes list of billionaires, seven of the first ten positions were occupied by Silicon Valley tech tycoons . Thus, their growing influence can be interpreted as the year 2024 being very ripe for technology professionals. After the covid-19 epidemic, there were many problems of staff reduction, legal troubles, various policy questions and complex geopolitics in the tech-biz sector. However, towards the end of 2014, it was seen that this sector managed to maintain its speed of expansion and influence . Big breakthroughs of the
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technology sector can be considered the biggest winner of the year 2024 in the semiconductor and advanced chip market . Nvidia, the leading manufacturer of advanced chips, managed to become a US$ 30 billion company for the first time in almost a year, increasing by 183 percent. This company became the most valuable company in the world last June with a high share price (currently it is the second most valuable company after Apple) . Trade tensions between the world's two biggest superpowers, the US and China, have also increased this year over semiconductor chips. The situation of banning and banning each other continued.
The head of Nvidia, Taiwanese-American Jensen Huang, became the world's tenth richest person with a fortune of 120 billion US dollars. The global market for advanced chips and related technologies will grow to around US$7 trillion by 2024. Experts estimate that this sector will become a market of about 8 trillion US dollars by 2025 due to the increasing demand for advanced chips in other fields along with 5G technology, AI, electric vehicles. Along with Nvidia, the earnings of Taiwanese chip company (TMSC), Samsung, Intel, Qualcomm and others were also taken.
Another big topic of the year 2024 was Artificial Intelligence i.e. AI field . The development and expansion of AI, which started to rise from the year 2022, did not stop this year. The use of AI has not been limited to content generation platforms this year, Apple has been trying to incorporate intelligence and into some areas of computing . Globally, as AI is becoming a topic of daily use, the regulation of this technology and the energy consumed due to it will also be a popular issue of the year 2024.
Sam Altman, head of OpenAI, creator of ChatGPT, has been in the media all year. It has been seen that Apple, Meta, Google, X, Amazon etc., who are traditionally skeptical of generative AI, have increased the use and research of AI in their various products and platforms. The world market of AI will reach 184 billion US dollars in 2024 and it is estimated to reach 236 billion US dollars in 2025 . OpenAI's revenue doubled this year. Elon Musk, who believes that AI should be controlled, managed to raise about 35 billion US dollars in investment for XAI.
Another big headline in 2024 is the growing investment in quantum computing. In this, various companies including Google have developed remarkable technology, while the competition to build the world's largest and fastest supercomputer has also increased this year. Live broadcasts of sports this time on streaming platforms created the atmosphere . All 39 games of the two-week Paris Olympics were streamed live on Peacock app. Recently, on Christmas Day, when Netflix broadcast the NFL games live, about 65 million viewers watched.
Innovative products in the technology sector this year include Elon Musk's Cyber Cab, Nvidia's Blackwell AI chip, and Apple's mixed reality headset 'Apple Vision-Pro'. According to Time Magazine's "The Best Inventions of 2024", consumer electronics include Huawei's trifold phone, LG's transparent television, Samsung's ultra-high definition and K TV. From the AI-based toilet seat to Moonbird's device that helps you fall asleep quickly, a straw that can be carried anywhere to filter water made by a company called LifeStripe, Lenovo's laptop 'Thinkbook' with a transparent display, meat produced in the laboratory, Apple's AirPods Pro 2 that helps the hearing impaired, AI dating assistant, etc. The device is considered the best invention of the year .
Biggest failures of the year
The year 2024 has not only brought success in the field of technology, but also stories of failure. In the field of space exploration in 2024, one problem after another appeared. Although some spacecraft and some flights of Space X were successful, Mars and Moon journeys were delayed in some aspects . In the space market competition Aircraft such as Boeing's Starliner, which landed aggressively, did not produce the expected results. Last August, two astronauts who went to the International Space Station for eight days aboard Boeing's Starliner spacecraft are still stuck there after a problem with the spacecraft. Some of Space X's ventures also had problems, while the flights of countries including India did not have the expected success.
In 2024, there were about 10,000 publicly acknowledged cyberattacks and hacking incidents. Attempts were made to attack various government agencies including US, UK, telecom, health and defense in various countries. In 2024, it is estimated that the loss of around 90 trillion US dollars due to cybercrime will occur worldwide. The data security company Ciphertex has estimated that America itself has suffered an economic loss of more than 3 billion dollars.
Many of Apple's services were shut down this year. The company announced the closure of services like iTunes, Buy Now Pay Later, and Apple's electric car 'Project Titan' was also canceled from this year. Fossil Company's smartwatches, Google Podcasts, Meta's Mixed Reality and Quest Pro headsets have also been discontinued this year. The broadcasting tool "Chromecast" launched by Google since 2013, the digital touch screen whiteboard "Jamboard" released in 2017 and the VPN by Google One released in 2020, services such as Google Podcast can no longer be used.
This year, the legal and policy problems faced by large technology companies also became a topic of constant discussion. Privacy of AI users, copyright of creators, children's use of social networks and many other topics have been under the question of courts and government agencies. Large companies were forced to pay significant fines in countries like the European Union and India, and the CEO of Telegram was arrested in France for violating European Union laws. Video sharing platform Tiktok is facing bans and exemptions in various countries including Nepal. Australia announced a complete ban on children's use of social media while the Tiktok debate in the United States was not over.
Overall, in 2024, the growing political influence of big tech companies and their owners has become a major theme in the tech sector . Podcasters like Joe Rogan became more influential than Hollywood celebrities in the US presidential election. One Silicon Valley tech entrepreneur after another getting political appointments has exposed the growing political influence and power of tech entrepreneurs . The second term of Donald Trump, who is preparing to enter the White House along with Silicon Valley insiders such as Elon Musk and JD Vance, will begin in 2025, and the increasing challenges for governments in regulating the rapidly developing technology market, including AI, can be expected to continue the upheaval in this sector in the coming year. ;


