Short answer: Artificial intelligence (AI) is changing almost every aspect of the way we live and this is happening faster than we can understand or adapt to.
We need to quickly identify the opportunities that AI presents us, but we also need to start working proactively to solve and eliminate the potential challenges that the growth of this type of intelligence could bring.
Long answer:
The pace at which AI is changing our lives.
Most of the changes in our lives occur linearly, meaning that such changes are short and gradual and thus easy for the human brain to understand. However, much of the changes occurring in artificial intelligence are happening at an exponential rate.
A linear growth pattern can be represented in this way:
1, 2, 3, 4, 5, 6, 7, 8, 9, 10
While an exponential growth pattern with the same cycle would look like this:
1, 2, 4, 8, 16, 32, 64, 128, 256, 512
It is easy to see the difference in the values of the exponential growth pattern with the same total number of steps as the linear growth. Furthermore, if we were to continue exponential growth at 30 steps, we would reach a billion.
A large number of AI researchers agree that this intelligence will change the world faster than most humans realize and that its impact will be far greater than we can comprehend.
How can artificial intelligence improve our lives?
There are many important benefits of AI that are often forgotten. Here are some additional advantages that AI can offer:
AI and poverty: artificial intelligence will be used to combat extreme poverty and improve the quality of life in remote areas.
AI and education: artificial intelligence has the potential to create highly effective, personalized educational systems.
AI and everyday life: Artificial intelligence and robotics will be able to perform dangerous, boring or difficult tasks for humans.
AI and travel: Artificial intelligence will power autonomous vehicles, which will help generate greater traffic efficiency, cheaper transportation options and safer roads.
AI and world peace: Artificial intelligence research and development can contribute to the pursuit of world peace.
AI and business opportunities: Artificial intelligence will create amazing opportunities for entrepreneurs and businesses around the world and will also increase productivity.
AI and business processes: Artificial intelligence will generate improvements in almost all business processes.
AI and industries: artificial intelligence will dramatically transform almost all business industries.
AI and education: AI has the potential to personalize education, making it more effective and enjoyable for students.
What are the challenges that AI will bring to our lives?
AI and labor market: artificial intelligence will change the labor market significantly and could decrease a considerable number of jobs. For this reason there is a growing need for people to be retrained professionally.
AI and loneliness: the growth and development of artificial intelligence will possibly increase loneliness and isolation.
AI and ethics: it is of utmost importance to establish ethical guidelines regarding the development and use of products and services based on artificial intelligence.
AI and political propaganda: Artificial intelligence is already being used for political propaganda, a practice that is on the rise.
AI and geopolitical inequality: the growth of artificial intelligence could lead to significant geopolitical inequalities around the world.
AI and fear: the rapid growth of artificial intelligence is generating unnecessary fear and confusion among the public.
AI and its use as a weapon: unfortunately, artificial intelligence can be weaponized, creating serious challenges that will need to be addressed quickly.
AI and hype: many perceive the hype surrounding artificial intelligence as exaggerated in terms of its potential benefits.
Lack of adequate information about the possibilities of AI: There should be more information for the general public about how we can all get involved with artificial intelligence projects, not just the engineers who program AI models.
Going back to the question of why artificial intelligence is important, I would say that the most drastic challenge we will face will be the potential displacement of millions of workers who could become unemployed in the next 5 to 10 years due to the growth of AI and automation.
Artificial intelligence and robotics will create a huge number of new jobs. However, these jobs will require a different skill set than many of the other manual and routine activities that will disappear.
Therefore, the re-education of the workforce and the promotion of a lifelong learning process must be our top priority at this time to avoid widespread social unrest and other related problems.
This will create a great opportunity for universities and educational institutions. They should create efficient and short-term re-education programs that help people learn new skills that will be necessary for the age of artificial intelligence.
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