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AI utopia or a reality we can’t ignore?


The Fourth Industrial Revolution: An AI Utopia or a Reality We Can’t Ignore?

What are the real prospects for AI and why some doubt its potential.

Artificial intelligence continues to gain attention as a potential driver of the fourth industrial revolution. This time should consist in the fusion of physical, digital and biological technologies. However, not everyone agrees that, for example, neural networks and machine learning will achieve this level of influence.

IN article On the Fortune website, opinions of various AI experts were published, who expressed their predictions for the coming years. Among them were both famous scientists and representatives of business and government.

Many experts are convinced that AI has already changed the game forever and continues to improve productivity, efficiency and quality across industries, as well as create new opportunities for innovation.

For example, Jeff Bezos, founder and CEO of Amazon, says, “We are at the dawn of a golden age of AI. Artificial intelligence is already permeating every aspect of our lives.”

Eric Schmidt, former CEO of Google and Chairman of Alphabet, confirms: “Artificial intelligence is one of the most powerful technologies we have ever created. It can help us solve some of humanity’s toughest problems.”

Others view AI with distrust, believing that it is at the peak of inflated expectations. There is even an opinion that technology fans have become victims of FOMO (fear of missing out – fear of missing something important). Skeptics point out that AI still faces many technical, ethical and social challenges, warning of potential risks and consequences.

Professor Robert Marks, an expert on artificial intelligence, argues that AI doesn’t deserve the attention it’s getting right now. Marx explains that AI uses “seductive optics” and imitation to appear more intelligent than it actually is. According to the scientist, investors and consumers are misled by the psychological aspect, creating unrealistic expectations. The technology itself is only temporarily at the peak of inflated hype.

According to Elon Musk, founder and CEO of Tesla and SpaceX, artificial intelligence is generally the biggest existential threat to our species. “We are creating a god who can be both good and despot.”

At the same time, “thinking” computers continue to be introduced into all spheres of our lives, and quite effectively. Healthcare, business, education, transportation and social media are thriving thanks to new technologies. For example, Google Health recently launched an AI skin cancer screening algorithm that can detect malignant moles with 97% accuracy. There are also IBM Watson and DeepMind, which are already actively helping doctors diagnose and treat various diseases by analyzing medical data and providing recommendations.

Many are familiar with Duolingo and Coursera. Smart platforms offer personalized curricula, interactive and gaming learning methods, and support distance education.

In the transportation industry, Waymo, Google’s autonomous vehicle division, recently launched the world’s first commercial self-driving taxi service in Phoenix, Arizona. Consider also Google Maps and Tesla, which use data and analytics to optimize routes and travel times. Tesla, by the way, is another well-known transport autopilot.

There is no denying that AI is of great value to the global economy. According to the consulting firm McKinsey, smart machines could add between $2.6 trillion and $4.4 trillion to annual global GDP through the application of 63 generative scenarios in areas ranging from marketing and sales to software development.

There is evidence that AI is increasingly being used by consumers and businesses. According to a survey by Bank of America, 59% of American Internet users already use ChatGPT, and about 40% use generative AI chatbots several times a week.

Which of them is right? This is a question to which there is no definitive answer yet. Perhaps the future will show which scenario is more likely: revolution or disillusionment. In the meantime, we can only follow the development of AI and its impact on our lives.

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