Tag

technology

Browsing

            For many years artificial intelligence wasn’t producing many breakthroughs. However, in recent times AI has finally produced major success stories. AI has already changed the world and its impact won’t slow down anytime soon. AI is set to dramatically transform the global economy and to disrupt lifestyles around the world. Here’s a short list of ten major changes that are expected to come soon because of the AI revolution.

1. Increased Economic Productivity

AI machines are better at certain skills than humans and can get certain tasks done faster. This means that the productivity of labor, business and entire countries is expected to increase with the AI revolution. Given the slow growth rates of major countries in recent years, this is good news.

2. Increased Unemployment and Declining Pay

Because AI is set to automate certain skills, companies are expected to increasingly automate many positions leaving many workers with less work, less pay or even full unemployment.

3. More Time for what Humans are Good At

AI is expected to give humans more time for what we are good at; social leadership and creative skills are not expected to be automated. AI should free up our time for these types of skills.

4. Higher Levels of Inequality

There are significant gaps between different nations, companies and industries when it comes to AI readiness. Companies are expected to make a lot more money while hiring and paying workers less. All of these factors are expected to increase economic inequality between individuals and between countries.

5. Increased Predictive Maintenance

AI is good at making predictions. This means that tasks like medical diagnostics will increasingly be done by AI, while doctors will have more time for human interactions with patients.

6. Increased AI Related Jobs

More jobs than ever before will be using AI. For many occupations, only certain tasks will be automated. So, if you’re trying to prepare for the coming years of career life, you should start working together with AI.

7. More Partially Automated Occupations

According to Mckinsey & Co. research, about 30 percent of activities in 60 percent of all occupations could be automated; in contrast, in 5 percent of occupations nearly all activities are automatable. This means that working hours might be fewer with remaining hours being spent collaborating with AI.

8. Increased Security 

AI drones will increasingly help us deal with emergency situations by delivering care packages or emergency responses to those in need.

9. Better Healthcare

AI is already better than human doctors at diagnosing certain illnesses; this means that AI should set up humanity for a healthier future.

10. Routine Jobs and Data Maximization Jobs are expected to be Automated

AI is good at routine tasks with stable and predictable environments. It is also good at using data for maximizing results. Jobs involving these tasks are expected to be automated soon.

            An article published in the Economist in 2017 said that data is the new oil. Recent history has seen massive amounts of data becoming available on the internet, especially through social media. The data created in the social media universe can be accessed by data miners and artificial intelligence (AI) creators. A 2019 global report on internet use by Tech Jury claims that two hours and twenty-two minutes a day is the average amount of time spent socializing online. AI requires vast amounts of data in order to be successful. This is because it uses massive amounts of data to make predictions. The more data available, the better AI programs will function. As an internet user, you are creating AI just through your data alone. Facebook recently released 87 million profiles to the data analytics firm that was hired by the leave campaign advocating for the UK to remove itself from the EU. Allowing personal ownership of one’s data might be a way to overcome some of the privacy issues which emerged with the digital age. Recent companies such as Wibson have allowed users to own and sell their data on their apps. Time will tell if the public gets tired of the lack of privacy on sites like Facebook and turns to alternatives.

A group of Chinese researchers at Tsinghua University recently created a chip that combines conventional artificial intelligence (AI) with an AI inspired by the human brain. The team claims this breakthrough could lead to a more naturalized AI. The researchers demonstrated the capabilities of the new chip in a video of a self-driving bicycle that stands-up, balances itself, avoids obstacles, tracks objects and reacts to voice commands. This breakthrough is happening in the context of a US-China technology competition and trade war. Last May, the US put Chinese telecommunications giant Huawei on a trade blacklist to prevent US companies from selling components that might be used to threaten US national security. China is behind in traditional chip making, but AI chip making presents a huge opportunity for China to advance in the technology race.  For China, this puts them one step closer to realizing its goal of being the world leader in AI by 2030.

Microsoft’s AI robot Xiaoice has now taken on the role of TV host. The robot is now hosting the live Chinese program “Morning News.” The robot is said to have the most human-like voice of any AI program so far. Developers equipped Xiaoice with Text-to-Speech recognition in order to make its voice as natural sounding as possible. Xiaoice uses deep-learning technology to analyze weather data while making a live broadcast.

Before making her debut on Dragon TV, Xiaoice has been active on social platforms like WeChat, Weibo and JD.com. She currently communicates with over a quarter of a million fans through a messaging service called Line; within Line, she appears as a young human like character called Rinna and answers questions. This breakthrough has caused fears in the media industry of job losses. However, the creators of Xiaoice say the technology will work alongside humans; time will tell how much work Xiaoice will end up automating.