The 2024 AI Index report indicates the AI industry is thriving yet facing increased costs and regulation.

Consent for data collection and transparency in data practices are underscored as crucial for large language models.

The report highlights the absence of standardized evaluation for large language models.

Concerns are growing over AI's long-term effects on productivity and job markets.

Data reveals AI research is dominated by industry leaders and a spike in investment towards generative AI.

The reliability and broader societal impact of AI remain contentious issues.

Two potential AI futures are contemplated: one of continued technological improvement and widespread adoption, and another restricted by technological challenges.