Artificial Intelligence: A Revolution That is Changing the Way of Life

2023-05-05 08:45:44

By : JSB Market Research

In : BLOG

The growth of AI over the past five years has been simply astonishing. The market for AI is expected to grow dramatically, with applications ranging from highly advanced robotics and driverless cars to a wide variety of "under the hood" AI-using methods. A recent report predicted that it will increase from its current value of $643.7 million to $36 billion by 2025. This amounts to a 57-fold rise since then. But this is just the start. The influence of artificial intelligence (A.I.) is growing in our lives and every individual and entity around us is evolving with its impact.

Similar to the invention of the microprocessor, mobile phone, internet, and personal computer, the development of AI is crucial. It will alter how people work, study, travel, receive medical treatment, and interact with one another. It will change the direction of entire industries. By how effectively they use it, businesses will set themselves apart. Let’s take the new Bing and other AI rivals. They are swiftly emerging as Google's greatest threat to its search business in 25 years. Google is rushing to create a brand-new search engine using the technology in response.

A Look Back into the History of Artificial Intelligence

Some scientists think that until artificial intelligence (A.I.) is combined with a body that can observe, respond to, and feel its surroundings, it will not achieve full intelligence or a true comprehension of the world. The mathematical concepts underlying the most common algorithms, as well as the philosophy behind AI, have been known for decades. On a primitive IBM 701 computer in 1955, Arthur Samuel wrote a program for a game of checkers that could learn by combining learned weights and a tree search algorithm.

This competed against the Connecticut State Champion in 1961 and defeated it. This was not going to last, and the first AI Winter began in the years 1967 to 1976. Ironically, Hollywood produced some of the most influential ideas at this time, inspiring a set of the population already used to having access to the idea of coding and computers with films such as D.A.R.Y.L., War Games, and Short Circuit. We have already stepped into the cyborg (human augmentation) era when silicon expands the biological boundaries of our bodies.

It is currently customary to utilize prosthetic hands and legs, which offer dexterity and strength comparable to what would be possible with actual limbs. Some recipients claim that they can feel these artificial limbs. But this is just the beginning. Many people will wish to extend the capabilities of their biological bodies' physical and/or mental limitations with silicon-based intelligence.

Impact of Artificial Intelligence on Different Frontiers of Technology

Tech corporations were wary of what some artificial intelligence could accomplish a while back. Currently, gaining control of the sector's next big thing is of utmost importance. How useful are ChatGPT from OpenAI and Bard from Google as genuine assistants? Tests were conducted on the two chatbots by several people and the results were mixed. While some of the results seemed genuine and resourceful, others could not match up to the expectations.

Lawyers were believed to be the profession most likely to experience employment losses due to A.I. advancements more than ten years ago. That did not occur. Is this moment unique? What are the consequences, then? Within the next 5 to 15 years, AI and robotics will likely revolutionize the workplace and eliminate a sizable portion of human jobs. Robots are not paid. They do not wear out or ask for improved working conditions. This indicates that it is likely that millions of robots will eventually replace industry workers.

As simulated personalities become more believable and machines with intelligence communicate with us like speaking with humans, human-AI relationships will develop. Because machine intelligence algorithms will be used in many applications, there will undoubtedly be a large number of more instances of advanced AI that will become commonplace. These algorithms are probably present everywhere and are likely to rule our life.

The Future of Artificial Intelligence and its Effects

Super intelligent AI is probably at least 30 years away in the long run, according to some experts. This is going to be intelligence above that of the human level. When that day comes, though, we will be able to address issues that go beyond the scope of our intelligence and may even be able to offer solutions to issues that are outside our purview, such as finding technically sound methods of supplying energy or resolving issues with other resources like the availability of water.

Foxconn, a business that assembles components for Apple iPhones, is automating 60,000 jobs. They can perform multiple more diverse tasks and are more mobile and adaptable. The enormous wealth that AI will produce might be utilized to fund a "universal income" for all individuals who are of working age. If the benefits of AI automation materialize, this might be significant. Not having a decent salary for everyone in the near term is a problem, but rather the enfeeblement that results from being idle. What will all of these jobless folks do with their free time?

Final Words

Over 100 billion neurons, connected in countless ways, comprise the human brain. The fact that we constantly evolve throughout our lives as a result of daily experiences makes it improbable that human consciousness could ever be perfectly reproduced by uploading from biological to electronic forms. But even with more advancements in the field and increased computing power, some fundamental human traits, like the tone of a person's voice, sense of humor, values, and beliefs, could not be replicated. Whatever the case, it appears unavoidable that there will be significant changes in Artificial Intelligence technology and our lives within the next few decades.