Tech companies drive AI advancements and regulatory challenges in 2024

In 2024, tech companies advanced rapidly in artificial intelligence, significantly impacting markets and daily life. The value of major firms like Nvidia and Alphabet surged, contributing to record highs in the S&P 500. However, concerns about environmental effects and economic dependence on a few companies emerged. Generative AI technologies progressed, with notable achievements from Google and Apple. However, the technology also raised alarms, as AI tools were used in warfare and disinformation campaigns. Social media's impact on mental health prompted legal actions against platforms like Snap and Meta. Regulatory scrutiny increased globally, with antitrust lawsuits targeting major tech firms. President Biden signed a bill affecting TikTok, while Elon Musk faced multiple investigations. Despite challenges, Musk's ventures continued to thrive, highlighting the dual nature of AI's benefits and risks in society.