As we move towards the fourth industrial revolution, advanced algorithms become a reality. The notion of artificial intelligence (AI) fascinates me and others. My imagination runs off with a story or two facing the lair of AI and how it controls its slaves. The media quotes academics saying that AI is a potential threat. Movies like “Terminator” and “Logan’s Run” have influenced how people think about AI, showing its potential and dangers. “Logan’s Run” depicts a society controlled by advanced technology. It shapes their lives. When people reach this Lastday, they report to a Sleepshop in which they die via a pleasure-inducing toxic gas. This movie exemplifies the consequences of relying on AI to shape the course of human life. These stories have led to debates about the role of AI in our future, with some people envisioning a utopian society enhanced by AI. In contrast, others warn of a dystopian future driven by AI. So is AI a friend or Foe?
Algorithms and the Fourth Industrial Revolution
The fourth industrial revolution will utilise algorithms to improve efficiency in various industries. Healthcare and finance will adapt by using technology to usher in a new era of productivity and growth. The rapid integration of AI into multiple sectors has the potential to revolutionise the way we work. However, we must be mindful of its impact on the workforce. While there is a growing concern that AI could automate jobs, it also presents an opportunity to create new roles and industries. If you are not already thinking about new skills to adapt to the changing landscape, expect problems ahead.
We can harness the power of AI to drive progress while minimising the risk of economic displacement.
Hypothetical Threat | Yes or No?
As we continue to explore the possibilities of AI, it’s essential to consider the potential risks and challenges we may encounter. We must be well-prepared for the financial changes that come with this new technology. We can create a future where AI and humans can work together by addressing these challenges. The government, which may lack expertise, must adjust our economies to reflect the current reality where human labour is no longer the focal point. The focus should be on building a sustainable and prosperous future for all.
As we look ahead to the future of AI, we must move beyond the binary of AI being a saviour or a destroyer. Will AI lead to a jobless future or open new avenues? We require a balanced approach. We must combine technological innovation with thoughtful policy-making to ensure humans and AI can thrive.