How Will the Technology Industry Manage the Benefits and Potential Risks of Artificial Intelligence?

There are many questions about the future of AI, but one thing many people are adamant about is that the future of Artificial Intelligence needs to be carefully planned so that we reap the maximum benefits of the technology while mitigating the downfalls of automating much of our current work tasks.

Artificial intelligence can boost corporate profits by 38 percent by 2035, according to an Accenture report that gauges AI’s economic impact across various industries.
The report noted that AI could boost gross value added across 16 industries in 12 economies by about $14 trillion.

…All industries will see an AI boost including education and social services.

In many cases, AI will augment human labor and in manufacturing the technology will boost returns by improving reliability and eliminating downtime.
-Larry Dignan, ZDNet

There could be benefits from artificial intelligence, [Jack] Ma said, as people are freed to work less and travel more.

“I think in the next 30 years, people only work four hours a day and maybe four days a week,” Ma said. “My grandfather worked 16 hours a day in the farmland and [thought he was] very busy. We work eight hours, five days a week and think we are very busy.”
-Anita Balakrishnan, for CNBC Tech

If any of us are still alive in the year 2100, we’ll likely look back on artificial intelligence as the definitive development of the 21st century. Then we’ll have a robot write a blog post about it for us.

There is a 50 percent chance that AI be able to perform all human tasks better than humans in 45 years, and all human jobs are expected to be automated within the next 120 years, according to a survey of 352 AI researchers who published at either the Conference on Neural Information Processing Systems or the International Conference on Machine Learning in 2015. The survey was conducted by the University of Oxford and Yale University.
-Ryan Bort, Newsweek

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Sources:CNBC | ZDNet | Newsweek

Sharon Pittaway