The recently released 2024 AI Index report by Stanford University's Institute for Human-Centered Artificial Intelligence (HAI) comprehensively examines AI's global impact. The seventh edition of the annual report has more content than previous editions, reflecting AI's rapid evolution and growing significance in our everyday lives. Written by an interdisciplinary team of academic and industrial experts, the 500-page report provides an independent, unbiased look at the health of AI. We've already spoken about the 'good' ?" now it's time to tackle the bad and the ugly.