The Artificial Apocalpyse
The artificial apocalypse. Robots are taking over human jobs, according to progressivists such as Elon Musk, and venture capital firm founders such as Kai-Fu Lee. With the introduction of the autonomous car driving companies such as Waymo and the introduction of cyborg humans such as Neil Harbisson, artificial intelligence is playing an increasingly crucial role in our daily lives.
Computers are getting smarter with machine learning- a system that allows the artificial intelligence to develop through experience and time. According to CBC news articles, artificial intelligence could be used to analyze data based on market activity in the past and thus make smart investment choices. Using artificial data instead of human labor to predict market prices could prevent another destructive incident like the flash crash in 2010. When in 2010, A British finance trader was accused of spoofing- manipulating stock prices- to increase liquidity.
I believe that exponential improvements in technology will lead to the technological singularity. The concept where unparalleled technological development will cause unpredictable changes in human society. Additionally, businesses will operate differently from how they operate today. The main argument is that increased reliance on artificial intelligence will increase unemployment. Individuals most like to be unemployed vary. This includes employees working in fields such as accounting, finance, operations and logistics and much more. There will be no need for humans to make income statements, balance assets and liabilities and more. As well, investors may dislike a company’s preference to rely on artificial intelligence for labor. They may refrain from investing in companies initial public offering. As a result, the company’s stock prices will go down. Moreover, robots may eventually control humans and may be unable to demonstrate the compassion that humans generally show towards each other.
On the other hand, others believe that technological advancements will increase employment and exploration opportunities. For example: In Bavaria, the utilization of artificial intelligence was a common occurrence with unemployment as low as 2.6 percent. Ethical business behavior will become common in the workplace. Unlike computers, some humans are willing to do whatever it takes to make money. These activities are often immoral and illegal. This includes corporate fraud and more.
Moreover, the development of intelligent robots will overcome limitations set by humans. As robots will have access to new business resources possibly by digging for fuels underground. Robots also can operate long hours without the need to sleep, be unhindered by emotions, and be able to work repetitive, potentially life-endangering tasks. This can be done without a decrease in the efficiency or energy required to complete the task. In order to combat unemployment, the government could retrain Canada’s labor force to serve the increasingly important AI agency.
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BBC – Future – The real risks of artificial intelligence. (2016, November 10). Retrieved from http://www.bbc.com/future/story/20161110-the-real-risks-of-artificial-intelligence
Benefits & Risks of Artificial Intelligence – Future of Life Institute. (2015, March 5). Retrieved from https://futureoflife.org/background/benefits-risks-of-artificial-intelligence/
The challenges of playing the market against artificial intelligence: Don Pittis – Business – CBC News. (2017, September 25). Retrieved from http://www.cbc.ca/news/business/markets-trading-automated-ai-1.4300863
Elon Musk’s Billion-Dollar Crusade to Stop the A.I. Apocalypse | Vanity Fair. (2017, April 3). Retrieved from https://www.vanityfair.com/news/2017/03/elon-musk-billion-dollar-crusade-to-stop-ai-space-x
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