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The future is artificial!: Will AI inherit the earth or save it?

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Technology has made revolutionary moves from the internet, personal computers, mobile phones, robots, and now the highly trending Artificial Intelligence. From the giving prompts to the sophisticated insights of AI, 2023 witnessed the rise of large language models and other AI tools as everyday companions for millions. The year 2023 was not just about the tools themselves; it was about pushing the boundaries of content creation and reshaping the set of work.

AI’s major evolutionary step

As we step into 2024, it is safe to say that in 2023 we will have seen AI developments in the past 12 months, with them emerging in different sectors. The tech industry has been working towards this capability of AI being able to create new content from training data for several years, and with advances in processing capability, training, inference, and

foundational models, AI has emerged slowly, gradually growing into a large dependency.

However, amid the growing concern about the impact of more advanced AI technologies on society, there are many who fear the implications of generative AI if left unchecked. Dr. Juergen schmidhuber, the "father of modern AI" and scientist, is more optimistic, declaring that many of those who warn against the dangers of AI are just seeking publicity, exploiting the media's obsession with killer robots, which has attracted more attention than AI, like accurately detecting serious diseases early.

The job dilemma

While AI's potential to enhance productivity is undeniable, the fear of job displacement remains a blunt reality. Some tasks, particularly repetitive and data-driven ones, face automation. But amidst the apprehension, a new system of opportunities emerges. The very technologies that are displacing certain jobs also create new ones.

Employees are already depending on AI work for different job roles, such as data analysis, customer service, and content creation. Workers are also utilizing AI as a personal assistant, using it to draft emails, plan itineraries, and project costs and timelines.

Professionals are using AI to help eliminate bias in decision making, with some large corporations employing data-driven recruitment to test candidate’s qualities and match them with the right vacancy.

So, what's behind AI's explosive growth in 2023?

The availability of massive amounts of data and the rise of machine learning algorithms have played a significant role. Machines have become so smart because they can learn from vast amounts of data, enabling them to recognize patterns, make predictions, and generate new content.

Humans and AI as co-pilots

While AI is evolving to target some office jobs, some jobs won't be replaced. We're also going to work with AI. As AI becomes more universal, some experts believe the technology is more likely to augment rather than replace human talent. For instance, while a robot may be able to detect deadly diseases, most patients would prefer a qualified medical professional to consult them.

The implications of the AI explosion in 2023 are important. AI has the potential to revolutionize industries, improve efficiency, and enhance decision-making. Alongside much fear and uncertainty, there's optimism. AI can help solve complex problems and create new opportunities.

But the real magic lies in the human touch. The scientists, engineers, and programmers who nurture and guide these algorithms are the architects of this technological revival. They infuse AI with human values, ethics, and a sense of purpose, ensuring that these powerful tools are used for good. The future lies in collaboration, leveraging the strengths of both AI and human originality.

India’s Convergence with AI

In India, AI is set to play a pivotal role in global economic growth, which is expected to have a significant impact on various sectors, including healthcare, finance, transportation, and education.

The government has already launched several AI -based initiatives, such as the AI India program, which aims to promote the development and use of AI in the country. Additionally, India has seen a surge in AI startups, with many companies working on developing AI -based solutions for various industries. Yes, as per sources, AI has a growing business in India, with a projected market size of $7.8 billion by 2025.

Along with that, India is taking stringent safety measures for everyone. Therefore, in a landmark move for both AI and individual privacy, India’s parliament passed the digital personal data protection bill (DPDP) in August 2023. The bill empowers individuals with data control, access, and grievance redressal mechanisms, addressing concerns about personal information misuse in the increasing AI domain.

Where do we go from here?

It is likely that AI will continue to evolve and become more integrated into our daily lives. We can expect to see more advanced AI technologies, such as natural language processing, computer vision, and machine learning, being used in various industries. Additionally, we can anticipate AI to play a significant role in addressing some of the world's most demanding challenges, such as climate change, healthcare, and education.

‘AI v/s humans is not a competition. We overlook the fact that humans invented artificial intelligence. But the question remains who will take center stage? So, will we lead or be led in 2024?’

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