AI in an advisory capacity, I’m fine with that. But when AI becomes the primary decision maker, who carries the can when things go wrong (and they will)…:
We know artificial intelligence technology will change the future of jobs and the labor market. What we donâ€™t know yet is how.
In less than a decade, machines could take over 52 percent of the current workload, compared to 29 percent today, according to a report from the World Economic Forum.
Itâ€™s not all bad news, the report claims. The growth of AI will mean a rise in tech jobs and create more job opportunities in new industries. It is also likely to boost demand for â€œhuman-centricâ€� jobs that rely on â€œintrinsically human qualities.â€�
Hereâ€™s an overview of industries already feeling the impact of AI.
When a woman gets a mammogram in Europe, itâ€™s standard practice virtually everywhere for two radiologists to take a look at the X-rays to check for signs of breast cancer.Â Soon, that second opinion could come from a computer.
A range of private companies around the world, fromÂ small startupsÂ to globalÂ tech behemoths, are developing software that uses artificial intelligence to analyze medical images.Â Berlin-based MX Healthcare, for example, trained its software on a data set of up to 1 million mammograms.
But a diagnosis, even if dispatched with breathtaking speed, isnâ€™t able to replicate the relational quality and therapeutic nature of the doctor-patient relationship. Health and disease are strongly influenced by emotional, subjective and social factors that for machines are difficult to access.
Can robots be creative? Judging by a canvas soldÂ by auction house Christieâ€™s last year for â‚¬380,000 â€” nearly 45 times the highest estimate of its worth â€” they can be.
The artwork was created by a trio of 25-year-old French studentsÂ who used a machine-learning algorithm to create the image. The resulting portrait â€” â€œEdmond de Belamy, fromÂ La Famille de Belamyâ€� â€” is the first piece of AI-generated art to come to auction and itâ€™s unlikely to be the last.
A U.K.-based robotics company this year will launchÂ Ai-Da, the first ever robot artist to draw without any human input. The â€œultra-realistic humanoid robotâ€� â€” which was made to look like a female artist â€”Â will draw people from sight using a microchip in her eye and a pencil in her bionic hand.
Experiments with self-driving cars reach back to the 1980s â€” with varying degrees of success. And as automakers continue to hone the technology of autonomous cars for individual consumers, researchers are also looking into making self-driving buses a reality.
In Stockholm, two self-driving shuttle buses last year started sharing the road with pedestrians, cyclists and other vehicles, driving at a speed of up to 24 kilometers per hour. The Swiss town of Neuhausen Rheinfall, meanwhile, hasÂ fully integrated an all-electric self-driving bus into its regular public transport network.
At the moment, buses in both places are not operated fully autonomously â€” there is always a driver on board who can take control in case of an emergency. But itâ€™s only a matter of time, researchers claim.
Militaries and manufacturers worldwide are working on weapons that could one day be deployed to fight on their own. Fully autonomous weapons, also known as killer robots, can select and engage targets without human intervention, rendering humans on the frontlines obsolete.
The U.K. has said it wants to use drone squadronsÂ in combat by the end of this year. But the development of killer robots is controversial, with many NGOs and experts calling for a preemptive ban, and 61 percent of people opposing its development, according to a 2018 global poll.
Last September, the European Parliament passed a resolution calling for an international ban on the production and use of weapons that can fire without a human to pull the trigger. Twenty-eight governments have called for a United Nations ban on AI-powered weapons, but the effort has run into strong resistance from military powers such as Russia, the United States, South Korea, Israel and Australia.
Would you trust a robot to manage your money? Banks and financial services companies are increasingly planning to incorporate AI technology into their business models. Some already have.
Robo-advisers, AI-driven virtual financial advisers, are cheaper than their human counterparts and prove to be better in managing long-term funds, SÃ¼ddeutsche Zeitung reported.
In 2018 â€” a difficult year for the stock market â€” Germanyâ€™s 12 biggest mixed equity funds lost 8 percent, while funds managed by the countryâ€™s 16 robo-advisers fell on average by 6 percent.Â Germanyâ€™s most successful robo-adviser has some 35,000Â customers who, collectively, have invested more than â‚¬1 billion in the company that produced it, Scalable.