Science fiction movies like ‘The Terminator’ and ‘I, Robot’ have exhibited what might happen in case artificial intelligence goes rogue. Such dystopian fantasies about AI are widely discussed by experts and researchers in the field of AI as well. Many of these experts believe that super-intelligent AI systems will pose a significant threat to humanity in the near future.
Disagreements that suggest profound differences of philosophy sometimes turn out to be merely a matter of timing: the parties don't disagree about whether a thing will happen or not, they just disagree over how long it will take. For instance, timing is at the root of apparently fundamental differences of opinion about the technological singularity.
Elon Musk is renowned for his warnings about superintelligence:
A new approach to defining and designing systems is coming.
Marketing in the 21st century means selling long tails to mermaids.(Photo by Cris Faga/NurPhoto via Getty Images) NURPHOTO VIA GETTY IMAGES
Marketing has always fascinated me. My first full-time job, many years ago, was working for an advertising agency as a computer graphic artist, and it gave me an understanding of the process of promoting and selling from very small (a car dealership) to very large (a chain of some of the largest malls in the US at the time).
Increasingly law enforcement has turned to artificial intelligence to augment their officers and agencies. AI is said to be an essential factor in law enforcement because it can assist in many areas as well as enhance efficiency. AI technologies are keeping a watchful eye on crowd control and surveillance, being increasingly used for facial identification, and scanning video footage for anomalies.
Transportation, the industry that deals with the movement of commodities and passengers from one place to another, has gone through several studies, researches, trials, and refinements to reach where it is now. One of the major milestones in the history of transportation was the steamboat in the year 1787. Before this, people relied on animal-drawn carts for their commute.
We are not strangers to the way AI is impacting our daily lives — both personally and professionally. We have been audience to the paranoia about AI taking away jobs and the optimism of AI creating jobs. While the jury is still out on the long-term impact of AI, we’re already seeing automation of several activities, ranging from driving to radiology. It’s becoming evident that no job will remain untouched by AI, though the degree of impact will differ from occupation to occupation.
Every industry -- from healthcare to entertainment -- is overlooked by some or another form of a regulatory body. In fact, in some key sectors such as finance, multiple regulators control different aspects of the sector. For instance, just in the US, there are at least ten different financial regulators such as the Securities and Exchange Commission, The Federal Reserve and the Consumer Financial Protection Bureau, among others.
What is the most valuable commodity today? The answer might surprise you. To put this inquiry in context, let’s begin with a little history. For decades, ever since the Bretton Wood Accords in 1944, the US dollar served as the global pricing mechanism for nations the world over based on one key product. “When it comes to economic development, the most influential commodity on Earth is oil,” writes FXCM, a leading provider of online foreign exchange.
As artificial intelligence becomes an increasing part of our daily lives, from the image and facial recognition systems popping up in all manner of applications to machine learning-powered predictive analytics, conversational applications, autonomous machines and hyperpersonalized systems, we are finding that they need to trust these AI-based systems with all manner of decision making and predictions is paramount.