Artificial intelligence (AI) is already all around us without us even noticing it, from advanced computer chips to cloud data hosting we rarely even know it’s here. We’ve become accustomed to Facebook recognizing our faces and that of our friends when pictures are uploaded on our feeds, heck we sometimes forget that Siri isn’t a human when s/he takes care of out appointments and tells us whether we should take an umbrella on our morning commute. All good until now, right? So, is there any cause for concern for AI to become malicious and dare we say a threat to human existence in the long term? This and more will be analysed in the post below.
With McKinsey already valuing the AI industry at a jaw-dropping potential of between $3.5T - $5.8T, annually, many tech companies and governments from around the world are already in a race to try and find various AI solutions to our day-to-day problems. These AI solutions are mainly sought after to commercialise them for future earnings. Many engineers from around the world are working tirelessly, to find various solutions to our most precious commodity of all, which is time. These can be from the mundane task of creating a machine that is able to fold and iron our clothes to the more elaborate attempt at introducing driverless vehicles on our roads. One part of the world that is a formidable pioneer in the industry is Palo Alto, CA, which boasts the fastest growing rate of AI start-ups. Arraiy, is one such start-up from Silicon Valley, it aims to revolutionise the movie industry, by automating the creation of digital effects for movies, television and games. This AI solution is a promising venture that is going to save millions of dollars for many film studios in Hollywood and beyond, in an industry that is already worth billions of dollars worldwide.
As such, the downsides to AI will inevitably lead people to think that it causes an existential threat to human productivity. The fear is that jobs will become scarce, therefore limiting people’s ability to make a living for themselves. In addition, at the wrong hands, as was illustrated by Cambridge Analytica and as is illustrated by China, people’s private data can be collected and used against them with or without their knowledge. Should these issues become the norm, who knows where it will lead humanity. Echoes of George Orwell's 1984 suddenly become all the more real.
There are already two California universities that created faculties that are dedicated to studying the ways in which AI can help humanity. Authors of a 2016 Stanford-led initiative argued that "if society approaches AI with a more open mind, the technologies emerging from the field could profoundly transform society for the better in the coming decades". One challenge is to try and get robots to understand what humans really want, as emotions often sway for humans who are notoriously bad at communicating what their objectives are. This remains a major challenge for AI creators and might be an insoluble mystery for AI machines - perhaps humans have a chance of survival after all.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes.


Nvidia CEO Jensen Huang Plans China Visit Amid AI Chip Market Uncertainty
BitGo IPO Prices Above Range, Raises $212.8M in Landmark Crypto Market Debut
Walmart to Cut PhonePe Stake in IPO as Tiger Global and Microsoft Exit
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board
FSU Criticizes ANZ Over Suncorp Bank Job Cuts Amid Post-Acquisition Commitments
FAA Says It Is Not Blocking Boeing 737 MAX 7 and MAX 10 Certification
Elon Musk Says Tesla Cybercab and Optimus Production Will Start Slowly Before Rapid Growth
Pop Mart Shares Surge in Hong Kong After First Buyback in Nearly Two Years
Trump Signs Executive Order to Limit Wall Street Investment in Single-Family Homes
SoftBank Shares Surge as AI Optimism Lifts Asian Tech Stocks
Memory Chip Shortage Drives Higher Gadget Prices and Weakens Global Tech Demand
Apple Stock Jumps as Company Prepares Major Siri AI Chatbot Upgrade
Rio Tinto Posts Strong Q4 Iron Ore and Copper Output on Operational Recovery
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates
OpenAI Launches Stargate Community Plan to Offset Energy Costs and Support Local Power Infrastructure
U.S. Vaccine Policy Shifts Under RFK Jr. Create Uncertainty for Pharma and Investors 



