Tuesday, October 19, 2021

The future will hold more surprises than those we’ve ever seen before

(Advances in artificial intelligence were revealed to the world at the end of 2013, when Google produced a robotic “pet” named “Alfred.” Poet Emily Dickinson first said, “The sky is grey with artificial dust of / These black machines turning / Every shiny thing and sparkling thing / Into simple art.”) —Ross Childs At this point in time, it’s not all that much of a stretch to suggest that artificial intelligence will

usher in a new era of innovation, widening economic opportunities and giving every person the potential to reap unprecedented wealth. AI could continue to transform the world economy even after we have gained prosperity through the increase in market value of companies built on this new AI-powered tech. Meanwhile, existing software, far outspending its makers in research spending, will still employ a substantial

number of individuals, creating a major source of employment in the U.S. For example, Microsoft’s AI-powered assistant, Cortana, is now employed by tens of millions of people worldwide. According to a 2010 report from Transparency Market Research, there is one Fortune 500 company, IBM, that was formed in the 15th century. There are 14,500 other Fortune 500 companies, of which 68 percent (17,462) are headquartered in

the U.S. These U.S.-based Fortune 500 companies employ 8.6 million people around the world, and take in about $2.1 trillion in annual revenue. The growth of AI-powered systems will also change the way we interact with computers. We may one day wonder what made computers at all. Today, when we push a button to get the default system running, we’re going to be using a system in which humans did not create it. Instead,

it will be a machine, which is capable of determining its own responses to requests, tasks and conversations. That’s the future in which many people will grow older, according to a 2013 Pew Research Center survey of older adults. Respondents generally reported declining quality of life as they aged, with more and more of them citing loneliness, lack of connection and lack of social activity as barriers to social

engagement. Conversely, a 2011 paper reported that children today spend more time with technology than their parents and grandparents did at the same age. Research has reported that there’s a direct relationship between children playing with technology and the development of cognitive skills. Additionally, we all enjoy the experience of magic and enchantment — and AI-based virtual adventures will get us out of the

everyday grind of duties, and help us imagine what would make our lives better. A Cambridge University study concluded that individuals can say with 90 percent certainty that a scenario will become true in the near future. “The very fact that these questions are being asked means that it is inevitable that the technological innovations we already know of will make their way into the real world at some point,” stated

a report from Digital Finance Today, and they cite examples of fully autonomous robots traveling the world, smarter machines able to wield expertise in various fields and AI programs that help people with health and safety in the workplace. A Brookings Institution survey reveals that technology could lead to a reduction in GDP between now and 2050. However, the increased access to mobile computing and the age of

drones could potentially result in a significant increase in productivity, reversing this trend. According to the CIA World Factbook, we were probably foolish not to have spent hundreds of billions of dollars creating these new AI systems, now allowing us to use them at an affordable price point. It has already begun to produce incredible advances in medical technology, both to diagnose and treat illnesses. Thanks to

advances in AI, many business products will improve at a faster rate. This could mean better quality products, improved margins for manufacturers and increased profit for owners and investors, which means more funds to invest in other new innovations. In the long run, billions will be needed to fund the completion of super-computers and the creation of these new machines, but these systems will create a tsunami of

wealth for all people. In the next few decades, the future will hold far more surprises than those that have come before. As with most great long-term visions, we’re simply beginning to see a glimpse of the possibilities. I can’t wait to see what comes next.

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