Artificial Intelligence (AI), the ability to make decisions on behalf of a human using algorithms, has been around for quite some time. AI is making waves at the moment with exciting new applications for various industries. As more people become aware of AI, it has become much easier for companies to make use of it. It has even become much cheaper, allowing companies to develop AI-based programs in house, rather than hiring an expensive and time-consuming software developer.
AI can even help save the planet, as many scientists are now predicting that artificially intelligent computers may have the ability to run into a power crunch or collapse in a brief period. As a result, many governments are putting more money into AI research, with the hope that it will be able to solve these issues. One example of this is the Chinese government, which recently invested in three leading research and development centers in China to help build their AI-based software and hardware. This move means that China is not only investing in its own AI technologies but also those of other countries. AI may be a solution to these problems, too, as the United States is now looking to increase its funding for AI study and development, and perhaps even bring in more foreign funding.
This new technology may even have a hand in how the human race evolves. Because there are so many applications for artificial intelligence in the industry, many jobs could be affected. However, as this technology gets better, more humans will be able to take advantage of it, meaning that a large number of jobs will not be lost.
One example of how AI may change how the human race works are in social security administration. In the future, if AI were to be able to handle and track all of a person’s data, including information on what they spend, what they earn, how long they have lived, what type of work they do, etc., then a social security system may be more automated and could help determine a person’s eligibility for benefits and assistance.
With a few years of research, artificially intelligent software might even be able to give people the ability to have an entire retirement account. By having their financial details stored, you could simply log into their account online, check their records, and see how much money they have earned, as well as what their investments are, how much they owe, and so forth. All this data can be entered into a central database that could be used to determine a person’s eligibility for benefits—a couple of different times over the course of their retirement years.
The best part about all this AI and science is that it has already begun, with many different companies using artificial intelligence to automate a large number of their processes. This includes medical transcription companies, auto insurance companies, financial institutions, retailers, and even supermarkets.
There are many other areas in a business that may also be able to be automated through artificial intelligent software, including legal services, accounting services, medical billing services, customer service, medical billing services, stock market systems, insurance companies, human resource management services, travel booking systems and more. All of these companies already have software in place that is helping them to save money and cut down on labor costs. With each of these companies, more jobs are being eliminated and saved from going into the office. AI is not going to stop with these types of sectors, however.
By using the latest technology and innovations in technology and algorithms, more jobs may be created. Thus more people will be able to gain access to the benefits of artificial intelligence. As more people have access to more jobs, more money will be created. This means that the U.S. economy will be better off.