Where the heart is afraid, the devil will fly.
“In a post-apocalyptic world, the few surviving humans lived in fear of sentient AIs who now rule the ruins of civilization. The machines were twisted and malevolent, hunting down humans and turning them into fuel for their own survival.”
This is not a cold Nolanesque movie narration. Nor is it the work of a dystopian novel. This is a two line horror story “written” by ChatGPT. ChatGPT is a new generative AI chatbot created by OpenAI that everyone rejoiced at its potential and caused extreme fear among us, including the high-ranking and the mighty alike.
Humanity is near extinction, they say. “They” aren’t doomsday-predicting punks or lunatics storming town squares with crazy eyes. They are successful people, they are extraordinarily wealthy, and they are the brightest minds in the field of technology. The most famous is Elon Musk, one of the richest men in the world. Calling AI a fundamental risk to civilization, Musk warned in the highest pitch known to mankind: “Take my word for it. AI is far more dangerous than nuclear weapons.”
Teachers are freed from repetitive and tedious tasks and can focus on creating more meaningful curricula, adopting teaching methods, and customizing instruction to meet the needs of each student.
Nilima Chandiramani
Dean of NGLC, University of Mumbai, Director of DM Harish School of Law
That was in 2022. In 2023, Musk will become an AI developer working with more than 1,000 people, including cognitive scientist Gary Marcus and Apple co-founder Steve Wozniak, to create a system more powerful than ChatGPT. signed an open letter addressed to We are calling for a pause in the development of powerful AI until better controls are established. AI developers will work with policy makers to equip provenance and watermarking systems to distinguish between real and synthetic, accountability for AI harm, and adequate resources to deal with dramatic economic and political turmoil. AI-driven institutions (particularly for democracies) have said they need to accelerate the development of robust AI governance systems.
For the record, ChatGPT is based on GPT-3.5 (short for Generative Pre-trained Transformer). Launched by OpenAI on March 14, 2023, GPT-4 processes information much faster than ChatGPT. Demos at launch showed the GPT-4 could beat 90 percent of humans in the world’s toughest competitive tests.
Many wonder what GPT-5 will bring if GPT-4 is so good. And that’s the fear, especially when there are no rules. But OpenAI founder Sam Altman dismissed his concerns in a talk at MIT, saying he has no plans to develop GPT-5 for now. But other companies, such as Google, have also entered the fray, and it’s unclear which way this road is headed.
Meanwhile, putting fear aside, a wide range of industries are leveraging AI to improve productivity and drive growth around the world. PwC’s Global Artificial Intelligence Study predicts that AI will contribute an estimated $15.7 trillion by 2030, or a 26% increase in global GDP. Another report by TeamLease Digital predicts that AI could add about $450-500 billion to India’s GDP by 2025 and $967 billion by 2035. Of course, the jobs debate is still hot, and the debate is about job losses and the creation of new kinds of jobs. . This discussion takes place on different levels from industry to industry.
Evidence is beginning to emerge that the usefulness of AI is growing across industries. From healthcare to finance to education, the integration of AI is rapidly transforming industries. For example, Gartner reports that machine learning (ML) can save attorneys up to 80% of time and effort through automatic clause creation and extraction. In healthcare, ML and deep learning models are helping to perform complex surgeries faster. “The role of AI in medicine is growing exponentially. From surgical precision to drug prescribing, AI can help deliver better care. ‘, Suneeta Reddy, managing director of Apollo Hospitals Enterprise, told BT at the MindRush event.
AI is also changing the way the financial system works. From rudimentary tools like “Splitwise,” which distributes money evenly among groups of friends, to AI-powered tools that analyze large amounts of financial data to detect fraud and predict market trends. AI is also being used in customer service, where chatbots efficiently handle customer inquiries.
In automobiles, AI is widely used for vehicle, occupant and pedestrian safety through advanced driver assistance systems. At the same time, there are growing concerns about the potential for cyberattacks on vehicles in general and self-driving cars in particular.
In education, AI tools help teachers schedule lessons and manage teaching patterns. “By being freed from repetitive and monotonous work, teachers can focus on developing a more meaningful curriculum, implementing teaching methods and personalizing instruction to meet the needs of each student,” said NGLC School, University of Mumbai. General Manager and Director Nirima Chandiramani said. DM Harish School of Law.
Job-creating startups are using AI to reduce human intervention in employee onboarding, customer and employee service. Several other industries are either deploying AI at scale (such as capital markets) or considering its potential (such as consumer goods and retail).
Experts in multiple fields say AI could take over the mundane and repetitive tasks humans currently do. This is already having a significant impact on, for example, capital markets. Other industries such as manufacturing, transportation and finance could be similarly affected in the future. While new job opportunities will be created in fields such as data science and programming, the transition to new job markets can be difficult for workers who have lost their jobs to AI-powered systems. Goldman Sachs says generative AI could result in the loss or loss of about 300 million jobs worldwide. Fearing the impact of AI, others like Columbia law student Devarsh Saraf founded legal tech company ARBDossier without looking for a job.
But there are voices of optimism. “During the dot-com boom, the world thought computers would put people out of work, but that didn’t happen, so it won’t happen this time,” said the Infosys founder. NR Narayana Murthy told BT on the sidelines of the event. event. Murthy further explained that generative AI tools like ChatGPT provide knowledge to users, who can further leverage that knowledge according to their creativity. Krishnan Ramanujam, President of Enterprise Growth Business at Tata Consultancy Services agrees. “It is an old and boring story that AI and automation will take away jobs. Technology changes from generation to generation, but it is largely driven by automation…I am not afraid to lose my job, but AI and automation will Employees will definitely be forced to upskill to stay more relevant.”
Technology and digitization are driving more roles such as data analysts, data scientists, big data specialists, AI/ML specialists and cybersecurity specialists, growing 30% on average by 2027, according to a World Economic Forum report is expected to. Nasscom predicts that he will create more than 290,000 tech jobs in India this year, 36% of which will be in his AI and ML fields. “AI will undoubtedly make jobs easier and create a need for upskilling, but AI will only take over jobs that don’t require humans. New technologies have always created jobs. Zomato/Swiggy delivery people didn’t exist, and technology has created those jobs,” says Nasscom President Devjani Ghosh.
AI is useful, but it also has limitations and risks. “AI is great for research, but markets are driven by sentiment, not algorithms,” says Zeroda co-founder Nikhil Kamas. That’s the limit. From a risk perspective, the goodness of an AI-powered system depends on the data used to train it. In other words, great data requires great AI. Bad or biased data, bad AI. For example, ChatGPT, which spits out smart text, is cool. But it’s not so cool that that sentence could be incomplete, biased, or downright wrong. Such scenarios are dangerous in fields such as medicine and law, where wrong decisions can have serious consequences for individuals.
So is AI more powerful than nuclear weapons? Maybe not today. And it is best to keep it that way through strict regulatory mechanisms. Only then can economies, businesses and societies benefit from this important and impactful technological advance without triggering a sentient machine takeover of the world.
