Navigating the World of AI

Artificial Intelligence or so-called 'AI', refers to the simulation of human intelligence in machines that are programmed to think and learn like humans.

Even though Allan Turing is considered the father of artificial intelligence, it was John McCarthy who coined the term "Artificial Intelligence" in 1956. Since then several experts have given their valuable contributions to enhance the subject.

As a common man, my first encounter with an Artificial Intelligence machine was through Western serials like "Kitt from Knight Rider" or "Bike from Street Hawk". But, later one Hollywood movie "Terminator - Judgement Day" showed what it would be like in future with machines if they were created on artificial intelligence platforms.

Since then, AI has finally come of age. Now, AI technology is vastly used in Robotics, advanced surgical procedures, space explorations, transport, tax departments and surveillance of cities around the world.

Major companies have conceptualised using AI to bring efficiency to day-to-day operations, but now it has taken a key role in transforming the way companies deal with generating new ideas in improving the product.

However, it has certainties and uncertainties that are impacting the whole world.

Uncertainties - The main concern is the displacement of jobs in the market. Companies already started using AI in removing traditional positions of data entry, customer service, manufacturing, administrative assistance and some clerical positions.

Certainties - It also brings new job opportunities with new job roles, which are essential in bringing new products to the market. Tesla introduced driverless cars, and going to introduce humanoids in the market soon.

Everyone wants to encash the technical advancements of AI and try to lure people with different programs, and courses for which we are not sure of its authenticity.

The recent market crash of 1 Trillion Dollars (click below link) in the market shows that there is still a long way to achieve profits towards the huge investments poured into the AI market.

https://economictimes.indiatimes.com/markets/stocks/news/1-trillion-rout-hits-nasdaq-100-over-ai-jitters-in-worst-day-since-2022/articleshow/112002266.cms?from=mdr

Will there be any bubble around AI? I am not sure but it is too early for us to think of it as AI is still in the learning stage, it is not far from becoming like humans in cognitive thinking.

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