Shweta Verma Contributor

I write columns on news related to bots, specially in the categories of Artificial Intelligence, bot startup, bot funding.I am also interested in recent developments in the fields of data science, machine learning and natural language processing ...

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I write columns on news related to bots, specially in the categories of Artificial Intelligence, bot startup, bot funding.I am also interested in recent developments in the fields of data science, machine learning and natural language processing

Is The Banking Industry Benefited By AI Based Chatbots?
850 days ago

AI Cons on Private and Public Sector
850 days ago

Is The Banking Industry Benefited By AI Based Chatbots?
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AI Cons on Private and Public Sector
7077 views

AI Cons on Private and Public Sector

By Shweta Verma |Email | Aug 14, 2017 | 7077 Views

The world now has crushed into one single roof with the newest of technology and innovations; everything seems to be so easy and basic just with one tap or touch. Earlier what could have charged you and me a hundreds of bucks is now being able to be done at minimal or no cost. That's the power of technology that has taken control over the world. Technology now has been able to do all the tasks and activities that earlier required human force and it is quite predictable that in the coming times everything would be fully automated with minimal human effort. Artificial intelligence is changing the ways we used to think about technology. It has rephrased the technology and its uses. 

"Time is money" as quoted by Benjamin Franklin are the golden words that got proved time and again. The present technology aims at reducing the required time for any activity.

Stephen Hawking once said "it (AI) would take off on its own and redesign itself at an ever increasing rate. Humans, who are limited by slow biological evolution couldn't compete and would be superseded."

 Let's get straight to what AI is. AI is "the theory and development of computer system able to perform tasks normally requiring human intelligence such as visual perception, speech recognition, decision-making and translation between languages."

There are various questions striked on the entry of sentient robots and AI into the world of human beings. Perhaps the most important of them is, does AI pose a serious threat to the human race? In a 2014 interview, the renowned physicist Stephen Hawking quoted that, "the development of artificial intelligence could spell the end of human race." Elon Musk, CEO of  spaceX, tweeted recently "If you're not concerned about AI safety, you should be. Vastly more risk than North Korea."

What are these threats we are talking about and should be taking care of? Many experts are skeptical of developing AI too quickly. The possible threat it could pose may sound like science fiction, but they ultimately prove to be valid concerns. Some of the possible threats could be -

  • A lot of jobs will be lost when the artificial intelligence will take over the public and private sector, and a lot of new jobs will hopefully be created. Existing norms regarding a human being's right to privacy will shift to make room for new ones. All in all, society will see a huge change in terms of our moral inclinations as AI or robots are brought into the mix. The only way to make this revolution human-friendly is to control it from up close and personally.
  • The existing AI products are upgrading faster and are promising to radically transform our world, not always for the better. They are only tools, not a competing form of intelligence. But they will revise what work means and how money is minted, leading to unparalleled economic inequalities and even shifting the global balance of power.
  • Unlike the Industrial and computer revolution, the A.I. revolution is not taking certain jobs (artisans, personal assistants who use paper and typewriters) and replacing them with other jobs (assembly-line workers, personal assistants conversant with computers). Instead, it is supposed to bring about a huge devastation of jobs - mostly lower-paying jobs, but some higher-paying ones, too.
  • Idealistic agree that while AI technology can be utilized to help humans in areas such as medicine and care for the aged, AI's ability to self-learn and act on that new knowledge is a real and present threat and needs immediate and tough governmental regulatory oversight.

The main concern about advanced AI isn't enmity but competence. A super-intelligent AI will be extremely good at accomplishing its goals, and if those goals aren't aligned with ours, we have a problem. 
You're probably not an evil ant-hater who steps on ants out of malice, but if you're in charge of a hydroelectric green energy project and there's an anthill in the region to be flooded, too bad for the ants. A key goal of AI safety research is to never place humanity in the position of those ants.
Thus,we believe research today will help us better prepare for and prevent such potentially negative consequences in the future, thus enjoying the benefits of AI while avoiding pitfalls.

You realize that there is no free will in what we create with AI. Everything functions within rules and parameters. - Clyde DeSouza

Source: HOB Team