As the world develops rapidly, Artificial Intelligence (AI) has become a powerful force in every industry. AI is being used by all kinds of businesses to increase productivity and simplify procedures. Artificial Intelligence (AI) experts have warned that AI poses a threat that humanity has never faced, but most people are afraid that AI will cost them their jobs.
Recently, Union Minister Rajeev Chandrasekhar ruled out any fear of job loss brought on by the development of AI, stating that the current type of AI is mostly task-oriented and unable to handle a situation where logic and reasoning are required. Additionally, he claimed that the Government would control AI technology to protect digital citizens. “In the next five to ten years, it’s entirely possible that AI may grow intelligent enough to replace jobs. However, I can assure you that despite the fact that AI is disruptive, we don’t expect the threat of AI replacing jobs in the near future,” he added.
Even though this news gives some relief, the fear of losing jobs still lurks in people’s minds. The reason is that it is difficult to keep up with the current developments in the field of artificial intelligence, which is why it may feel like the future of AI is a rapidly changing world. It is easy to underestimate the rate at which technology can change the world, which is one reason we might not take the possibility seriously.
Elon Musk, the CEO of SpaceX and Tesla Inc., stated that if humanity is to survive in a world ruled by AI, it must embrace the merging of man and machine. This shows the strength of AI resides in its capacity to continuously improve with new data, significantly outperforming human performance for jobs that fall under a specific domain.
The recent increase in AI-led initiatives is because of the immense potential that this technology provides for organisations. With tools like ChatGPT and AI art generators gaining widespread attention, it is already the primary force behind developing technologies like big data, robots and Internet of Things (IoT). It will continue to be a technical innovator for the foreseeable future. In a fraction of the time it would take people, computers using AI can collect huge amounts of data and utilise their acquired intelligence to make the best decisions and discoveries.
Have you ever considered what might happen if AI were capable of outperforming human intelligence? If not, picture a society in which technology takes the role of people, much like in movies. Likewise, AI technology will eventually be extended to a number of businesses, to the point where AI eventually knows us better than we know ourselves. However, this technology is in its nascent stage and it still requires a couple of years to reach that level of human intelligence.