Artificial intelligence becoming more prevalent

The last two years have demonstrated that, as long as the demand exists, meaningful transformative change is not as difficult to accomplish as previously imagined! As the emphasis turns from attempting to survive in a changing environment to flourishing in it, society is and will continue to benefit from this increasing openness to flexibility and inventive thinking. Furthermore, computational power was the driving force behind modern sectors such as telecommunications, mobile phones, manufacturing, the internet, the services industry, and the entire Industry 4.0 package—artificial intelligence, VR, IoT, 5G, bots, among others (TWI Global).

We'll start our cycle of articles by talking about the increasing prevalence of AI on the market and its immediate effects.

The concept of transparent and explainable Artificial Intelligence (AI) has grown in popularity in recent years, as it has been evident that there are portions of society who fear it - and rightly so. People are constantly exposed to artificial intelligence, demonstrating its vast variety of uses. The most common fear about the advent of AI technology is the rise of robots. However, there are more immediate challenges, such as the loss of numerous employment.

The first indicated a positive increase, while the second, which adjusted for the pandemic, revealed much of the same: 85 million jobs will be displaced across 26 nations in 2025, but 97 million new employment will be created (World Economic Forum, 2020). From the present through 2030, artificial intelligence is expected to contribute $15.7 trillion to the global economy, accounting for 26% of global GDP during the same time period (World Economic Forum, 2020).

Although AI models require extensive training and fine-tuning to attain a level of perfect performance, they have the potential to improve people's lives and help with mundane activities like sending emails or searching the internet for answers.

For example, the newest invention from November 2022 is one of the tools in increasing productivity of workers. ChatGPT is the artificial intelligence system created by a OpenAI, a US company that lists?Elon Musk?as one of its founders. IT has been trained using a machine learning technique called Reinforcement Learning from Human Feedback (RLHF). This can act as a dialogue-simulator, respond to follow-up inquiries, acknowledge errors, dispute inaccurate assumptions, and reject improper requests.

Does this imply that human intellect is quickly being replaced by AI chatbots? Not exaclty, since OpenAI openly states that Chat GPT may write plausible-sounding but incorrect or nonsensical answers.

It is, in our opinion, a growing opportunity for specialists in the fields of Data Science and Machine Learning as well as AI. We are therefore continuously concentrating on its development and involving our developers in such projects.

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References:

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·????????Holton, L. (2021, September 13). 12 current trends in the Information Technology Sector. MYVA360. Retrieved December 15, 2022, from https://myva360.com/blog/12-current-trends-in-the-information-technology-sector

·????????Marr, B. (2022, November 9). The 5 biggest technology trends in 2022. Forbes. Retrieved December 15, 2022, from https://www.forbes.com/sites/bernardmarr/2021/09/27/the-5-biggest-technology-trends-in-2022/?sh=3d9260592414

·????????Mailonline, S. T. F. (2022, December 9). What is chatgpt? everything you need to know about Elon Musk's new AI chatbot. Daily Mail Online. Retrieved December 16, 2022, from https://www.dailymail.co.uk/sciencetech/article-11521261/What-ChatGPT-need-know-Elon-Musks-new-AI-chatbot.html

·????????Gilbert, N. (2022, December 13). 10 future IT trends & predictions for 2022/2023 you should be thinking about. Financesonline.com. Retrieved December 15, 2022, from https://financesonline.com/it-trends/