What is artificial intelligence (AI)?
One of the most advanced technologies in the world is artificial intelligence, or AI. However, people are not as accustomed to it. Software-coded heuristics that mimic human intelligence are referred to as artificial intelligence (AI). This code has recently been discovered in a variety of places, including embedded firmware, cloud-based commercial platforms, and consumer apps. An ideal feature of artificial intelligence is the capacity to reason and act in a way that is most likely to achieve a given objective. The idea of computer systems learning and adapting to new data without human involvement is known as machine learning, or ML for short. Large volumes of unstructured data, including text, photos, and videos, are processed by deep learning algorithms to enable this autonomous learning (Frankenfield, 2022).
AI and Employment
There are concerns that the adoption of AI will result in job losses in some sectors of the economy. Although AI may automate repetitive tasks and increase productivity, it could also lead to employment losses in some sectors. A flexible plan for reskilling and upskilling the workforce is necessary because history has shown that new technologies frequently result in the emergence of new employment opportunities (Sen, 2023).
Economic Inequalities
The effects of AI on employment could worsen economic inequality. Those with skills related to jobs tied to AI may experience increased demand and improved pay, while people in less technologically advanced sectors may experience job instability and stagnant income. To overcome this issue, comprehensive social policies that promote inclusive economic growth and give skill development a top priority for all societal groups are required (Sen, 2023).
Ethical Dilemma and Governance
AI’s fast progress has created new ethical problems. The ethical application of AI in decision-making processes that can affect people’s lives, such as in the criminal justice and healthcare systems, is one significant area of concern. To avoid biases and unforeseen effects, AI systems must be transparent, equitable, and accountable (Maldonado, 2018).
Strong ethical governance is essential for navigating AI’s effects ethically. To create policies, rules, and standards that support the moral development and use of AI technology, governments, businesses, and academics must work together. This contains tools for examining AI systems for biases and addressing privacy issues (Xue and Pang, 2022).
Conclusion
The potential for AI to revolutionize civilization presents both benefits and difficulties. We can gain from AI while minimizing hazards if we use technology wisely and uphold ethical governance. To build a future that is more inclusive and egalitarian, it is crucial to strike a balance between technical development and social well-being.
References
Frankenfield, J. (2022). Artificial Intelligence: What It Is and How It Is Used. [online] Investopedia. Available at: https://www.investopedia.com/terms/a/artificial-intelligence-ai.asp [Accessed 19 July 2023].
Maldonado, J. (2018). Legal Ethics: The Ethical Dilemma of Artificial Intelligence. [online] The National Law Review. Available at: https://www.natlawreview.com/article/legal-ethics-ethical-dilemma-artificial-intelligence#:~:text=With%20a%20 self-learning%20system%20that%20 acts%20 autonomously%20and [Accessed 25 July 2023].
Sen, A. (2023). The Impact of Artificial Intelligence on Society: Opportunities, Challenges, and Ethical Considerations. [online] www.linkedin.com. Available at: https://www.linkedin.com/pulse/impact-artificial-intelligence-society-opportunities-challenges-sen/ [Accessed 24 July 2023].
Xue, L. and Pang, Z. (2022). Ethical governance of artificial intelligence: An integrated analytical framework. Journal of Digital Economy. [online] doi:https://doi.org/10.1016/j.jdec.2022.08.003. [Accessed 25 July 2023]
