Article Part 4: The Future of Artificial Intelligence – WALL-E or Terminator?

28 September 2017,   By   

In cooperation with Venionaire Capital, publishes a four-part article series on the subject of artificial intelligence. We are concentrating on the economic aspects of how AI works to the current research and the future of artificial intelligence.

The fourth and last article will concentrate on how the artificial intelligence will turn out in the future.

According to a quote from Stephen Hawking in The Guardian, Artificial Intelligence will be “either the best, or the worst thing, ever to happen to humanity”. The growing computer performance and Big Data enable machines to become even smarter. In an open letter, therefore, numerous industry leaders, such as Elon Musk or Hawking, call for the prevention of artificial intelligence and the control of the systems.

Musk believes that AI could become an existential threat to people and emphasized the need for legal requirements. Other AI skeptics are worried about the labor market. AI, according to the apprehension, will at least provide a new wave of mass unemployment in the short to medium term.

Joe Lobo, “chief botmaster” at the Startup Inbenta, has a more positive idea of the future of work and artificial intelligence. In a Forbes podcast he explained how technologies create new jobs and people can use their skills for new opportunities. So far, the development showed that AI systems complement human workers more than replace them. AI skeptics and enthusiasts, however, agree that jobs will change and new forms of employment will arise.

Whether advocates or adversaries, it is certain, in AI will be further invested and researched. In the end it is in our hands whether we end up with a terminator or a Wall-E.

However, to an artificial superintelligence it is in any case still a long way, as we described it in the second part of our series. In the third part, we also showed that the research and development of artificial intelligence was not a linear process, but had to repeatedly record ascensions and declines. The economic impacts of AI, which we dealt with in the first part, are equally interesting for start-ups and early-stage investors.

For the whole article click here.