The rise of Artificial intelligence (AI) has created a whole host of controversies. Many are beginning to question whether their hard earned jobs will be deprecated when they get replaced by AI, but things are not quite as dire as they seem. For starters, AI is by no means a recent innovation.
While ChatGPT and other Large Language Models definitely represent a leap forward, they are simply the latest additions to a long line of AI. Virtual assistants such as Siri, Alexa and Google Assistant have been around for quite some time now, and the history of AI extends even further back in history.
Resources like Bing Chat and its image creator are revealing that AI is far from the job killer that so many fear it to be. Quite on the contrary, it actually has the potential to unleash a new level of productivity.
Rather than putting people out of work, AI might actually help them to become more efficient. The key here is Collaborative AI, which many consider to be the next big AI trend in 2023. You see, AI is not all that useful on its own. It only provides advantages when it is put to good use by human beings.
Humans and AI working together provides far superior results to either solely human or AI oriented work processes. Studies have shown that AI can add up to $13 trillion to the global economy in less than a decade, and humans clearly stand to gain a lot from that since they will play a crucial role in this economic output.
That will represent a 16% increase in global GDP from the present day. Such a massive impact puts AI on par with other forms of disruptive technology that humans have seen in the past. From the steam engine to the internet improving GDP by 0.3% per year, to advances in IT generating a 0.6% annual GDP increase around the turn of the 21st century, AI is actually a leap forward.
There have been plenty of instances of innovative tech that were feared to put people out of jobs. However, the end result was quite the opposite. The steam engine allowed laborers to work less and earn more, and the same went for robotics in the 1990s and IT in the early 2000s.
Hence, it stands to reason that the impact of AI will be largely similar to its predecessor innovations. Much like previous advancements, AI can help workers take care of routine, repetitive tasks. That can allow them to focus on more creative endeavors, utilizing parts of the human brain that often got left by the wayside.
AI is already being used to accomplish a wide array of tasks such as diagnosing illnesses, helping with customer support and facilitating cross-language communication. However, rather than replacing doctors, customer service representatives and translation experts, AI has only maximized their productivity and output.
A human touch will always be essential, so AI will never be capable of fully replacing humans in the near future. With modern AI tech, creators can ensure that they have all of the tools they need to create video, text and image based content that fulfills their needs. This is just one of the many ways in which AI will transform countless industries.
The future of AI looks brighter than many might be fearing. While initial adoption rates might be low, thereby leading to some assuming that AI is failing to provide the benefits it promised, usage will pick up over the years. Only then will AI reach its true potential, and its various advantages will come to the fore.
Photo: Pexels/ cottonbro studio
Read next: Study reveals that by 2050 the global population might increase to 8.5 billion
While ChatGPT and other Large Language Models definitely represent a leap forward, they are simply the latest additions to a long line of AI. Virtual assistants such as Siri, Alexa and Google Assistant have been around for quite some time now, and the history of AI extends even further back in history.
Resources like Bing Chat and its image creator are revealing that AI is far from the job killer that so many fear it to be. Quite on the contrary, it actually has the potential to unleash a new level of productivity.
Rather than putting people out of work, AI might actually help them to become more efficient. The key here is Collaborative AI, which many consider to be the next big AI trend in 2023. You see, AI is not all that useful on its own. It only provides advantages when it is put to good use by human beings.
Humans and AI working together provides far superior results to either solely human or AI oriented work processes. Studies have shown that AI can add up to $13 trillion to the global economy in less than a decade, and humans clearly stand to gain a lot from that since they will play a crucial role in this economic output.
That will represent a 16% increase in global GDP from the present day. Such a massive impact puts AI on par with other forms of disruptive technology that humans have seen in the past. From the steam engine to the internet improving GDP by 0.3% per year, to advances in IT generating a 0.6% annual GDP increase around the turn of the 21st century, AI is actually a leap forward.
There have been plenty of instances of innovative tech that were feared to put people out of jobs. However, the end result was quite the opposite. The steam engine allowed laborers to work less and earn more, and the same went for robotics in the 1990s and IT in the early 2000s.
Hence, it stands to reason that the impact of AI will be largely similar to its predecessor innovations. Much like previous advancements, AI can help workers take care of routine, repetitive tasks. That can allow them to focus on more creative endeavors, utilizing parts of the human brain that often got left by the wayside.
AI is already being used to accomplish a wide array of tasks such as diagnosing illnesses, helping with customer support and facilitating cross-language communication. However, rather than replacing doctors, customer service representatives and translation experts, AI has only maximized their productivity and output.
A human touch will always be essential, so AI will never be capable of fully replacing humans in the near future. With modern AI tech, creators can ensure that they have all of the tools they need to create video, text and image based content that fulfills their needs. This is just one of the many ways in which AI will transform countless industries.
The future of AI looks brighter than many might be fearing. While initial adoption rates might be low, thereby leading to some assuming that AI is failing to provide the benefits it promised, usage will pick up over the years. Only then will AI reach its true potential, and its various advantages will come to the fore.
Photo: Pexels/ cottonbro studio
Read next: Study reveals that by 2050 the global population might increase to 8.5 billion
