What is AI, is it dangerous and its risks on employment

We are on the verge of a thrilling new era, where artificial intelligence (AI) presents us with remarkable opportunities. This rapidly evolving technology has made its way into numerous industries, optimizing processes and enhancing efficiency. However, as we embrace these advancements, there arises a critical necessity for regulations, particularly concerning the rights of workers.

Margrethe Vestager, the European Union’s competition chief, has expressed concern over potential discrimination in loan and mortgage decisions facilitated by artificial intelligence (AI). In an interview with the BBC, Vestager emphasized the importance of implementing “guardrails” to address the significant risks associated with AI technology. She specifically highlighted the impact of AI-driven decisions, such as assessing eligibility for a mortgage, on people’s livelihoods. The European Parliament is scheduled to vote on proposed AI regulations on Wednesday, recognizing the need to address these issues.

Vestager recognized that although there is a possibility of AI leading to human extinction, it is relatively low in comparison to the immediate and critical issue of potential discrimination. The extensive datasets used to train AI models and tools can inadvertently contain biases, exacerbating discrimination against individuals. Vestager stressed the significance of preventing discrimination based on factors such as gender, race, or location when AI is utilized by banks or social services for decision-making purposes. It is essential to address these concerns and ensure fairness and equal treatment for all individuals impacted by AI systems.

What is artificial intelligence?

AI is a specialized field within computer science that focuses on emulating human thinking and decision-making processes. AI programs have the capability to analyze data sets, enhance their algorithms, and improve their performance autonomously, without human intervention. They are designed to tackle tasks that are typically too intricate for non-AI machines to handle effectively.

Can AI be dangerous?

The rapid growth of AI without sufficient regulatory frameworks has raised concerns among experts about its potential dangers. Some experts have even suggested halting AI research altogether.

In May, Geoffrey Hinton, a highly respected figure in the field of artificial intelligence, resigned from his position at Google and warned that AI chatbots could surpass human intelligence in the near future.

During the same month, the Center for AI Safety, based in the United States, released a statement supported by numerous leading technology specialists. They expressed the view that AI has the potential to generate misinformation that could destabilize society. In the most extreme scenario, they warned that machines could become so intelligent that they gain control, ultimately leading to the extinction of humanity. These concerns highlight the need for careful consideration and regulation as AI continues to advance.




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