Featured, Opinion

The Promise And Peril Of Artificial Intelligence – Navigating Uncharted Waters 

Abdulrahman Oyedeni

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June 17, 2023

There is a revolution happening all around us, transforming how we live, work, and interact with each other. It’s a revolution driven by artificial intelligence (AI), a powerful technology with the potential to dramatically reshape our society. Yet, like every powerful tool, AI is not without its risks. 

There is no denying the benefits AI has brought to our lives. It has made our daily routines easier, from providing traffic updates to suggesting what movie to watch next. In healthcare, AI has been a game changer, helping doctors diagnose diseases, researchers discover new drugs, and patients manage chronic conditions. In education, AI-powered tools have made learning more personalised and accessible, offering students around the world opportunities they may never have had otherwise.

Yet, the same technology that holds such promise also carries significant risks. One of the most urgent issues is the potential impact of AI on employment. As automation becomes more sophisticated, many jobs, from factory workers to truck drivers, may be rendered obsolete. Some argue that new jobs will emerge to replace the ones lost, as has happened during previous technological revolutions. However, the pace of change this time is unprecedented, and we can’t assume the transition will be smooth or even possible for everyone.

Another concern is privacy. AI systems are only as good as the data they are trained on, and in many cases, this data is our personal information. The more data an AI system has, the better it can predict our behaviours and preferences, but at what cost? There are already instances of AI being used to manipulate people’s opinions and behaviour, as well as concerns about how these systems might infringe upon our privacy.

AI also has the potential to exacerbate existing inequalities. Access to AI technology is currently concentrated in the hands of a few large tech companies and wealthy nations. This could lead to a situation where the benefits of AI are enjoyed by a select few, while the risks are borne by everyone else.

There is also the issue of transparency and accountability. AI systems are often described as ‘black boxes,’ with their internal workings difficult to understand even by their creators. This lack of transparency makes it hard to hold these systems accountable when they make mistakes or act in ways that harm individuals or society.

Despite these challenges, I believe it’s not too late to ensure that the AI revolution benefits everyone. To do this, we need to develop thoughtful policies and regulations that address these issues head-on. We need to invest in education and re-skilling programs to help workers adapt to the changing job market. We need to demand greater transparency and accountability from tech companies. And we need to ensure that access to AI and its benefits are spread as widely as possible.

The AI revolution is here to stay. It’s up to us to make sure that it’s a revolution that benefits all of humanity, not just a privileged few.

Sources

  • 1. “Artificial Intelligence — The Revolution Hasn’t Happened Yet.” Harvard Business Review. 2018. Retrieved from: https://hbr.org/2018/07/artificial-intelligence-the-revolution-hasnt-happened-yet
  • 2. “AI and the economy.” National Bureau of Economic Research. 2017. Retrieved from: https://www.nber.org/papers/w24239
  • 3. “Privacy and Freedom with Artificial Intelligence.” Journal of the ACM. 2019. Retrieved from: https://dl.acm.org/doi/abs/10.1145/3376123
  • 4. “Artificial intelligence and inequality in the Middle East: risks and benefits.” The British Journal of Psychiatry. 2019. Retrieved from: https://www.cambridge.org/core/journals/bjpsych-international/article/artificial-intelligence-and-inequality-in-the-middle-east-risks-and-benefits/CCBE239453EC14F03D526B214FDD1F2B
  • 5. “Explainable Artificial Intelligence (XAI): Concepts, Taxonomies, Opportunities and Challenges toward Responsible AI.” Information Fusion. 2020. Retrieved from: https://www.sciencedirect.com/science/article/pii/S156625352030132X

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