6.4 Final Paper

2

Project Phase 1

Mandar Sathe

Indiana Wesleyan University

07/15/2022

Conversational AI helps improve customer service, and artificial intelligence may reduce various hazards in several sectors. These are just some of the ways that artificial intelligence can benefit businesses. Even though we are just at the beginning of the AI revolution, it is clear that artificial intelligence will significantly impact our lives, both favorably and poorly. This is the case regardless of how far along we are in the process. It is estimated that the financial impact of AI on the global economy will reach $15.7 trillion by the year 2030. It is also anticipated that 40 percent of jobs will be lost due to artificial intelligence.

At the same time, global venture capital investment in AI is growing to greater than $27 billion in 2018 (Wirtz, 2019). These estimations of AI's potential are based on a comprehensive understanding of the nature and scope of the technology. Despite the fast progress in artificial intelligence (AI), the area itself is still a long way from reaching its full potential. All too frequently, artificial intelligence demonstrates prejudice. Since it is educated using partial data and built by prejudiced individuals, biased artificial intelligence (AI) is a severe problem that is difficult to overcome. As a consequence, several AI cases have gone rogue, such as face recognition algorithms that cannot recognize persons with a dark complexion or Google translating gender prejudice (the Turkish language is gender-neutral, but Google swaps the gender of pronouns when translating).

People have also witnessed several incidents of artificial intelligence being intentionally exploited to inflict harm to others. These examples include deep fakes, which are used to produce fake news and hoaxes, and facial recognition cameras, which invade individuals' privacy. On the other hand, machine learning models may be misled by employing an imperceptible universal noise filter, in which the addition of a sticker next to a picture radically alters the result. This approach can be used to fool machine learning models. When people put artificial intelligence (AI) into the real world, there are still a lot of challenges with AI, although academics are rapidly producing mighty AI. This situation will grow increasingly troublesome as artificial intelligence (AI) continues to progress and our understanding of AI's fundamental workings decreases.

Data may make solutions successful, but understanding the human components that go into problem-solving is what distinguishes outstanding solutions. Artificial intelligence is still decades away from overcoming its worst shortcoming. Fear and a lack of willpower are two things that are frequently cited as factors that work against us. Still, when human-centered design principles are applied, these factors can become the key to better understanding people and the foundational insights needed to develop exceptional solutions for very human problems. AI is not programmed to operate very differently from human brains. Still, they do not yet understand how to offer their users the correct degrees of delight, simplicity, anticipation, and irritation. For this reason, you will be able to triumph over the AI rulers of the future. This common thread runs through all of the best movies, games, goods, and stories.

References

Wirtz, B. W., Weyerer, J. C., & Geyer, C. (2019). Artificial intelligence and the public sector—applications and challenges. International Journal of Public Administration, 42(7), 596-615.