The Future of AI: How Artificial Intelligence Will Change the World

Artificial Intelligence (AI) is a revolutionary field of computer science, which is becoming the main component of various emerging technologies like big data, robotics, and the Internet of things (IoT).

Artificial intelligence is virtually impacting the future of every industry and every human being. Artificial intelligence has been the main driver of emerging technologies, and it will continue to act as a technological innovator for the foreseeable future.

According to AI oracle and venture capitalist Dr. Kai-Fu Lee in 2018, he said “[AI] is going to change the world more than anything in the history of mankind. More than electricity.”

Dr. Kai-Fu Lee

Making use of machine learning and computer vision for detection and classification of various “safety events,” the shoebox-sized device doesn’t see all, but it sees plenty. In just a few years, AI has become a reality from fantasy.

Machines that help humans with intelligence are not just in sci-fi movies but also in the real world. At this time, we live in a world of Artificial Intelligence that was just a story though for some years.

Current trends in AI are remarkable. Day after day, we hear stories about systems and machines taking on tasks that, until very recently, we saw as the exclusive and permanent preservation of humankind: making medical diagnoses, drafting legal documents, designing buildings, and even composing music.

We are using AI technology in our daily lives either unknowingly or knowingly, and somewhere it has become a part of our life. Examples like Alexa or Siri, Chatbots, everyone is carrying AI in their daily routine. The development and evolution of this technology are happening at a rapid pace.

However, it was not as smooth and easy as it seemed to us. It has taken a couple of years and lots of hard work and contributions of various people to take AI to its present stage.

AI also deals with many controversies about its future and impact on Human beings. It may be dangerous, but also numerous opportunities.

AI will be deployed to enhance both defensive and offensive cyber operations. In addition, new means of cyber-attack will be invented to take advantage of particular vulnerabilities of AI technology.

Today we will be discussing the future of AI and its impact on human life, i.e., whether it is a great technology or a threat to humans.

Artificial Intelligence (AI) at Present

Before getting to the nitty-gritty of the future of AI, first, let’s know what is Artificial Intelligence and at what stage it is at present.

We can define AI as, “It is the ability of machines or computer-controlled robots to perform tasks that are associated with intelligence.” So, AI is computer science, which aims to develop intelligent machines that can mimic human behavior.

Based on capabilities, AI can be divided into three types that are:

• Narrow AI: It is capable of completing dedicated tasks with intelligence. The current stage of AI is narrow AI.
• General AI: Artificial General Intelligence or AGI defines the machines that can show human intelligence.
• Super AI: Super AI refers to self-aware AI with cognitive abilities that surpass that of humans. It is a level where machines can do any task that a human can do with cognitive properties.

At the current stage, AI is known as Narrow AI or Weak AI, which can only perform dedicated tasks. For example, self-driving cars, speech recognition, etc.

Six AI scenarios that could build a positive future

One of the greatest challenges to the action of AI is that, at present, there is no consensus on what future we should aim at, perhaps because there is hardly any conversation about what might be desirable.

This lack of vision and clarity is a problem because, if high-level machine intelligence does arrive, we could quickly find ourselves overwhelmed by unprecedented technological change and implacable economic forces. This would be a vast opportunity squandered.

For this reason, the workshop attendees and interview participants, from science-fiction writers to economists and AI experts, attempted to articulate positive visions of a future where Artificial Intelligence can do most of what we currently call work.

These scenarios represent possible trajectories for humanity. None of them, though, is unambiguously achievable or desirable.

And while there are elements of important agreement and consensus among the visions, there are often revealing clashes, too.

1. Shared economic prosperity

The economic benefits of technological progress are widely shared around the world. The global economy is 10 times larger because AI has massively boosted productivity. Humans can do more and achieve more by sharing this prosperity.

This vision could be pursued by adopting various interventions, from introducing a global tax regime to improving insurance against unemployment.

2. Realigned companies

Large companies focus on developing AI that benefits humanity and they do so without holding excessive economic or political power.

This could be pursued by changing corporate ownership structures and updating antitrust policies.

3. Flexible labour markets

Human creativity and hands-on support give people time to find new roles. People adapt to technological change and find work in newly created professions.

Policies would focus on improving educational and retraining opportunities, as well as strengthening social safety nets for those who would otherwise be worse off due to automation.

4. Human-centric AI

Society decides against excessive automation. Business leaders, computer scientists, and policymakers choose to develop technologies that increase rather than decrease the demand for workers.

Incentives to develop human-centric AI would be strengthened and automation taxed where necessary.

5. Fulfilling jobs

New jobs are more fulfilling than those that came before. Machines handle unsafe and boring tasks, while humans move into more productive, fulfilling, and flexible jobs with greater human interaction.

Policies to achieve this include strengthening labor unions and increasing worker involvement on corporate boards.

6. Civic empowerment and human flourishing

In a world with less need to work and basic needs met by UBI, well-being increasingly comes from meaningful unpaid activities.

People can engage in exploration, self-improvement, volunteering, or whatever else they find satisfying. Greater social engagement would be supported.

The intention is that this report starts a broader discussion about what sort of future we want and the challenges that will have to be confronted to achieve it.

If technological progress continues its relentless advance, the world will look very different for our children and grandchildren. Far more debate, research, and policy engagement are needed on these questions – they are now too important for us to ignore.

Future impact of AI in different sectors

Healthcare

AI will play a huge role in the healthcare sector for diagnosing diseases quickly and more accurately. The Discovery of new drugs will be faster and more cost-effective with the help of AI. It will also enhance the patient engagement in their care and also make ease appointment scheduling, bill paying, with fewer errors. However, apart from these beneficial uses, one great challenge of AI in healthcare is to ensure its adoption in daily clinical practices.

Also Read: How AI is used in Healthcare

Cyber security

Cyber security is a priority of each organization to ensure data security. There are some predictions that cyber security with AI will have below changes:

• With AI tools, security incidents will be monitored.
• Identification of the origin of cyber-attacks with NLP.
• Automation of rule-based tasks and processes with the help of RPA bots.

However, being a great technology, it can also be used as a threat by attackers. They can use AI in a non-ethical way by using automated attacks that may be intangible to defend.

Transportation

The fully autonomous vehicle is not yet developed in the transportation sector, but researchers are reaching in this field. AI and machine learning are being applied in the cockpit to help reduce workload, handle pilot stress and fatigue, and improve on-time performance.

There are several challenges to the adoption of AI in transportation, especially in areas of public transportation. There’s a great risk of over-dependence on automatic and autonomous systems.

E-commerce

Artificial Intelligence will play a vital role in the e-commerce sector shortly. It will positively impact each aspect of the e-commerce sector, ranging from user experience to marketing and distribution of products.

We can expect e-commerce with automated warehouse and inventory, shopper personalization, and the use of chatbots in the future.

Employment

Nowadays, employment has become easy for job seekers and simple for employers due to the use of Artificial Intelligence. AI has already been used in the job search market with strict rules and algorithms that automatically reject an employee’s resume if it does not fulfill the requirement of the company.

It is hoping that the employment process will be driven by most AI-enabled applications ranging from marking the written interviews to telephonic rounds in the future.

For jobseekers, various AI applications are helping build awesome resumes and find the best job as per your skills, such as Rezi, Jobseeker, etc.

Apart from the above sectors, AI has a great future in manufacturing, finance & banking, entertainment, etc.

Check Out: AI Engineer Salary In 2023: US, UK, Canada and More

How can Artificial Intelligence be risky?

Most of the researchers agree that super AI cannot show human emotions such as Love, hate or kindness. 

Moreover, we should not expect an AI to become intentionally generous or spiteful. Further, if we talk about AI to be risky, there can be mainly two scenarios, which are:

1. AI is programmed to do something destructive:

Autonomous weapons are artificial intelligence systems that are programmed to kill. In the hands of the wrong person, these weapons could easily cause mass casualties. Moreover, an AI arms race could inadvertently lead to an AI war resulting in mass casualties.

To avoid being dissatisfied with the enemy, these weapons would be designed to be extremely difficult to “turn off,” so humans could plausibly lose control of such a situation. This risk is present even with narrow AI but grows as levels of AI intelligence and autonomy increase.

2. Misalignment between our goals and machines:

The second possibility of AI as a risky technology is that if intelligent AI is designed to do something beneficial, it develops destructive results. For example, Suppose we ask the self-driving car to “take us to our destination as fast as possible.”

The machine will immediately follow our instructions. It may be dangerous for human lives until we specify that traffic rules should also be followed and we value human life.

It may break traffic rules or meet with an accident, which was not really what we wanted, but it did what we have asked to it. So, super-intelligent machines can be destructive if they ask to accomplish a goal that doesn’t meet our requirements.

Myths about Advanced Artificial Intelligence

1. Superintelligence by the year 2100 is not possible.

The reality about the possibility of superintelligence is that currently, we can’t determine it. It may occur in decades, or centuries, or may never, but nothing is confirmed. ‘

There have been several surveys in which AI researchers have been asked how many years from now they think we will have human-scale AI with at least a 50% chance. All of these surveys have the same conclusion:

The world’s leading experts disagree, so we don’t know. For example, in such a survey of AI researchers at the 2015 Puerto Rico AI conference, the (average) answer was by 2045, but some researchers estimated hundreds of years or more.

2. AI will replace all human jobs.

It’s certainly true that the advent of AI and automation has the potential to disrupt labor seriously – and in many situations, it is already doing just that. However, seeing this as a straightforward transfer of labor from humans to machines is a vast oversimplification.

With the development of AI, a revolution has come in industries of every sector, and people fear losing jobs with the increased development of AI.

But in reality, AI has come up with more jobs and opportunities for people in every sector. Every machine needs a human being to operate it. However, AI has taken over some roles, but it reverts to producing more jobs for people.

3. Super-intelligent computers will become better than humans at doing anything we can do

As discussed above, AI can be divided into three types, 

Weak AI, which can perform specific tasks, such as weather Prediction. 

General AI; Capable of performing the task as a human can do, 

Super AI; AI capable of performing any task better than humans.

At present, we are using weak AI that performs a particular task and improves its performance. On the other hand, general AI and Super AI are not yet developed, and research is going on. They will be capable of doing different tasks similar to human intelligence.

However, the development of such AI is far away, and it will take years or centuries to create such AI applications. Moreover, the efficiency of such AI, whether it will be better than humans, is not predictable at the current stage.

4. AI does not require human intervention.

People also have a misconception that AI does not need any human intervention. But the fact is that AI is not yet developed to take their own decisions.

A machine learning engineer/specialist is required to pre-process the data, prepare the models, prepare a training dataset, identify the bias and variance and eliminate them, etc.

Each AI model is still dependent on humans. However, once the model is prepared, it improves its performance on its own from the experiences.