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Key Points on Benefits and Risks of Artificial Intelligence

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Benefits and Risks of Artificial Intelligence

It’s time we take our heads out of the Frontier Online Deals for a second and think about Artificial Intelligence. Humans, for a long time, have been dreaming of creating machines with the ability to make their own decisions. We have seen these machines in lots of science fiction movies but in real life, they are still pretty far-fetched. No doubt we still have progressed in this field a lot all thanks to Artificial intelligence.

A good example of AI is self-driven cars that can drive you from home to work and vice versa. They take into account traffic and environmental factors while on the road. Other than that, digital assistants like Apple Siri and Amazon Alexa have already made our lives easier.

AI today is performing simpler tasks but there will come a time when it will solve difficult problems and even execute complex transactions. It is predicted that AI can double the economic growth in developed countries by the year 2035. The best is yet to come!

There has always been a debate on the inception of Artificial Intelligence. Some people say humans are digging into their own graves by creating AI machines. Others say it’s contributing in catapulting human civilization to heights of success. Let’s have a look at the benefits and risk of this technology:

Benefits of Artificial Intelligence

Free up humans: There are lots of tedious tasks we wish machines could take over, right? AI is here to overcome that. It allows us to focus on the creative aspect of work by freeing our hands.

Strengthen the economy with more jobs: Headlines like “Robots and AI will destroy jobs” are fiction. The truth is, AI can encourage gradual evolution in the job market. The world will still need humans but they will perform better by the help of AI. Combination of humans and machines will become a new normal for our workforce in the future.

Reduce the cost of training and operation: Deep learning and neural networking are some of the machine learning algorithms used for learning new things in AI. This eliminates the need to write code every time we need the machines to learn new things.

Significant R&D is going on in the world for developing AI machines that can optimize machine abilities. This makes them learn new processes faster. As a result, the cost of training robots will be low as compared to humans. We all know machines already reduce the cost of operations due to work efficiency and accuracy. For instance, machines don’t need to take a break or carry out mundane tasks without causing a change in the results.

Improve processes: The best thing about AI-powered machines is that they provide us with a humongous amount of data. This data can be processed for gathering deep insights into the processes with quantitative analysis. We can optimize them further with the help of these insights.

Extend and expand creativity: Artificial Intelligence gives the opportunity to extend and expand human creativity. No wonder some people think that AI will take control of the human race in the future. But these concerns are moot and solvable.

Risks of Artificial Intelligence

A threat to digital security: AI-powered software can dramatically alter the digital security threat landscape. It can enable some serious incidents to occur. For example, a hacker attack or programming error could replicate on machines. Or a machine could accidentally repeat an error activity leading to unforeseen losses. Other than this, AI can also enable autonomous vehicles like drones to be used as weapons.

It’s unsustainable: Intelligent machines usually have high computing powers which are contributed by multiple processors. These computer chips used are made from rare materials such as Selenium. The batteries of these machines run on lithium which is also a rare element. Since these materials are being mined continuously, it is irreversibly damaging our environment. The machines require huge amounts of power to function. This puts pressure on the power plants hence harming the environment further.

Fewer jobs: There is always the fear of reduction in jobs. After all, businesses would prefer machines to perform routine and repetitive tasks. They are more accurate than humans.

Is AI a Threat to Humanity?

Elon Musk is working on AI in the present times. If you follow him, you must have heard him publically stating that AI is could be a threat to the human civilization in the future. But what’s the biggest risk? It’s pretty obvious “machines will gain sentience and would turn against the human race.”

Fear not, we are safe! There are no signs of robots taking over us. But the concern is real. Although there is no likeliness of Terminator situation, we certainly need to understand and control AI before they take over our jobs and then lives.

Final Words

New inceptions like Frontier High-Speed Internet, AI, and robotics certainly have the potential to improve our lives. But, there are two sides of a coin and same is the case with Artificial Intelligence. There is a need to create ethical codes and policies to mitigate the risks associated with this technology. Only then can we prevent AI from taking charge of our jobs and lives.

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