The hype of AI in today’s world is increasing. People are so curious and interested to know about the extreme capabilities of technology and science. The popularity of AI has accelerated without any limits and concerned about this, even Elon Musk had given his thoughts on AI and its future. He believes AI is ‘the biggest existential threat to humanity’. He believes that AI will take away all the jobs and robots will do everything better than us. AI has many plus points and can perform many amazing and mind-blowing things that consume a lot of time within a few seconds. But apart from the benefits, there are also many drawbacks. These days, ChatGPT is trending and there are many news around about its extreme capacities and hilarious responses given by it. More and more people started using it and experimenting it. ChatGPT is a very great tool for prompting ideas but many times there are wrong answers or wrong responses generated. AI is not completely reliable as it generates responses referring to the words you use to search.
It is said that AI will lead to automation in many fields which is on one side very beneficial to society but on the other side, it will eat jobs. Industries will prefer automation as it cuts cost and the work that will be delivered would be faster and better.
In just a few years, AI has become a reality from fantasy. Machines that help humans with intelligence are not just in sci-fi movies but also in the real world.
Let’s see what industry experts have to say about this-
1. Maya Mikhailov (Founder – SAVVI AI)
ChatGPT and AI is not the beginning of the end, but it is the beginning of the middle.
Recorded human history has been around for roughly 5,000 years, and every time a significant technological advancement occurred, some portion of society said, his is the end of the world…as I know it. Generally speaking, they were right.
When the agricultural revolution ended nomadic existence, hunters and gatherers saw their way of life slowly disappearing. Fast forward, and the Industrial Revolution and the technologies and mechanisms that were introduced ended the agrarian way of life for over over 70% of people globally. In the US, 98.7% of Americans ended the farming way of life. The last phase of robotic and automation technologies transformation has meant that fewer of us are working in manufacturing, and that has changed not only how we work, but how and where we live.
Now, as we enter the AI Age, it’s fair to say that some industries and ways of life will begin to change permanently, as has happened before. This is not the end of the world but rather the beginning of a new phase in human history.
So really, it’s fair to say it’s the beginning of the middle. It’s the end of the world as we know it, and I feel fine.
2. IuAyala Portella (Gradient Insight Ltd – CEO)
ChatGPT is a powerful language generation model developed by OpenAI that is fine-tuned with both supervised and reinforcement learning techniques. Following its release, the model quickly garnered attention for its
detailed responses and articulate answers across many domains of knowledge. However, its uneven factual accuracy was identified as a significant drawback.
The impact of AI on society is undeniable and will continue to shape the future of humanity across nearly every industry. It is already the main driver of emerging technologies like big data, robotics and IoT, NLP.
However, the consequences of AI’s development and implementation must be carefully considered. There is a risk that if not properly regulated, AI could lead to job displacement and an increase in inequality. Furthermore,
the use of AI in decision-making, particularly in sensitive areas such as criminal justice, healthcare, and finance, must be carefully monitored to ensure fairness and accountability.
In terms of predictions, I believe that we will see continued advancements in AI technology and its integration into various industries. However, it is crucial that we also focus on ethical considerations and responsible
implementation to ensure that the benefits of AI are shared by all members of society.
3. Ilam Padmanabhan (Founder of Ilampadman.com)
AI is not a new concept, but ChatGPT has raised the roof on how many non-experts now are aware of AI. ChatGPT & its less popular cousins have opened up new possibilities for businesses, organizations, and individuals.
AI, like all other technology before it (Nuclear power, internet etc) will impact our lives significantly on how we use it.
The integration of AI technology in our society is rapidly increasing.However much of it is on autopilot directed primarily by technology and market forces. Considering ethical and societal impact such as privacy, security, job displacement, and the risk of exacerbating existing inequalities hasn’t been a priority – neither for the governments nor the private companies pushing the technology out to the masses. It is crucial that we act quickly to establish legal and ethical frameworks to ensure that the advancement of AI benefits all members of society, rather than just a select few. This includes ensuring that the technology is not misused, that it is accessible to all, and that it is used ethically and responsibly. This will require collaboration between governments, businesses, and civil society to ensure that the development of AI is guided by the common good.
Moreover, as AI technology becomes more advanced, it also brings in a concern of job displacement. It’ll not be surprising to see companies and even some industries disappearing overnight. It’s becoming much more urgent & important to understand how AI and automation will change the nature of work and it is crucial to plan and invest in reskilling and upskilling the workforce, so that they can adapt to the new reality.
In summary, ChatGPT and other AI technologies have the potential to bring about significant advancements, but it is important to consider the potential impact of AI on society as a whole and act proactively to establish legal and ethical frameworks to ensure that the technology is used for the benefit of all members of society.
4. Alan Majer (CEO, Good Robot)
This is a very exciting time. The choices we make about technologies like ChatGPT will determine whether they end up being ‘good’ or ‘bad’ for society. Both technologist and science fiction writers have long predicted an age where AI would first meet, and then surpass, human capabilities. Guess what, this age is already upon us. Stronger forms of AI will arrive much more quickly than our society will be able to adapt to them. So, our decisions and choices about AI are more important and urgent than ever. How will we deal with workers whose jobs are displaced by AI? Will they be compensated if the result of their labours was used to train the AI that displaces them? Will we begin taxing capital rather than labour (hardly seems fair that an AI’s labour is not taxed in the same way that a person’s is if the two are competing for work). And perhaps the biggest question, will we insist on controlling Ai’s in order to have them do humanity’s bidding and work for free, OR. will we begin to consider that we may have a new form of sentient ‘being’ on our hands — one which is entitled to the same freedoms, rights and choices that we are? It’s not too early to begin these important discussions. Our future depends upon it.
5. Matthew (Forbes 30 under 30 alumni)
It’s not the end. ChatGPT is the beginning of a revolution in the way and consumers interact with each other. It’s giving people a voice and making them feel more connected to the brands they love. It’s more authentic and real-time than other marketing strategies, especially for companies that fine tune these AI models with their own brand voice. People love the fact that brands are talking to them directly and responding to their comments since it makes them feel valued as customers. And it’s not just brands that are taking advantage of chatbots, consumers are using them too. People are using chatbots to help them find the products they’re looking for, answer their questions, and even help them find the best deals. Overall, chatbots are a positive thing which they’re making people’s lives easier and helping them to interact with brands in a way that’s more human and personal.
6. Ivan Begunov (Founder of Lucky Loki)
To begin with, I would like to pay attention to couple aspects, that I think are important.
First one is a Chinese Room argument. The narrow conclusion of the argument is that digital entity may make it appear to understand language but could not produce real understanding. Hence talking about consciousness and risks of it would be inadequate.
On the other hand, as a successor to GPT-3, ChatGPT represents the beginning of mass adoption for first generations of AI language models. Imagine that you witness the release of the Ford Model T. The appropriate question to ask in this metaphor would be, what can we expect the Tesla Model Y of AI language models to be like, and what kind of impact will it have? I would say that the expected impact of these language models can be compared with mass adoption of search engines. I expect a wide range of AI instruments, based on co-pilot / assistant principles. These instruments may bring new level of personalization and help us navigate through enormously growing amount of information around us.
On the other hand, there are concerns that the increasing capabilities of AI systems like ChatGPT could lead to negative consequences. One concern is that advanced AI systems could lead to job loss as tasks that were once done by humans are automated.
Additionally, there are concerns that the ability of AI systems to generate realistic text could lead to the spread of misinformation and deepfake text.
Despite these concerns, I believe that the benefits of advanced AI systems like ChatGPT outweigh the potential drawbacks. AI can be used to augment human capabilities, rather than replace them, and that proper regulation and oversight can mitigate the potential negative consequences.
7. Rob Illidge – (CEO – Vulse AI Startup)
AI has the potential to greatly benefit society in a number of ways. ChatGPT in particular is just one example of a large language model trained by OpenAI, that can be used to improve communication and information sharing.
One of the main advantages of ChatGPT is its ability to generate human-like text, which can be used to assist in tasks such as content creation for social media. This can help businesses and individuals save time and resources by automating the creation of written content, allowing them to focus on other important tasks.
ChatGPT can be used to assist in tasks such as customer service, language translation, and creative writing. This can help to improve efficiency and accuracy in a wide range of industries, ultimately leading to a better overall experience for consumers.
However, it’s important to note that like any technology, AI also has the potential for negative impacts on society if not used responsibly. It is crucial that we consider the ethical implications of AI and ensure that its development and use aligns with our values and priorities as a society.
ChatGPT and other forms of AI can act powerful tools for improving communication and information sharing, but it’s important to use it responsibly. The key to achieving this is to ensure that the development and use of AI aligns with our values and priorities as a society.
8. Adrian Zidaritz (Founder-Stronger Democracy through Artificial Intelligence)
Large language models (LLMs) like ChatGPT will continue to improve and raise eyebrows but they are far from being the beginning of the end. I would say that they are the beginning of a new beginning. For many reasons.
On one hand, let’s remember that all previous technological wonders triggered fears that humanity will be doomed by their adoption: the printing press, the steam engine, the automobile, etc. And yet, humans have been very good at making them all work for their benefit. And so it will be with LLMs.
On the other hand, let’s also say that LLMs and AI in general, do seem scarier because as opposed to all those other technologies, they are for the first time replacing human brains not human muscles. This does bring a level of uncertainty as to what the outcome of this replacement will be.
Nevertheless, despite the awesome display of perceived competence in a variety of fields, LLMs are also making glaring mistakes and can easily spout nonsense. They do not understand the way humans understand and there is a lot of work still left to be done before they achieve their true potential. They will in time become extraordinarily useful tools and be adopted at an increasing pace, but still be tools, with not much reason to fear them.
9. Michael Miller (CEO and Security Evangelist)
There are a lot of people who are not ready for this brave new world. They don’t see the full benefits of AI or ChatGPT, and they’re afraid of the unknown.
However, I believe that this new world is going to be amazing. It’s going to change our lives in ways that we never could have imagined before. It will make us more efficient, more productive, and more productive.
We already have so many examples of how AI has changed our lives for the better—from smartphones to self-driving cars to be able to order things online with just a few clicks on a computer or phone screen. We’ve seen how much easier it is when you don’t have to deal with human beings when you’re ordering something from Amazon or buying tickets from Ticketmaster.
But there are some people who still aren’t convinced about this brave new world because they don’t understand what it means or how it works or why it’s important. They don’t understand why they should use AI technology in
their businesses instead of just hiring more workers or using traditional methods like email marketing software instead of ChatGPT platforms such as Facebook Messenger chatbots and other AI-powered tools. But this is the future, and if you don’t want to be left behind, you need to embrace it now.
10. Joe Cederwall (Standard DAO – CEO)
Imagine a future where machines have surpassed human intelligence, leading to a world where robots rule and humanity is relegated to subservience. Autonomous cars making life-or-death decisions without human intervention, AI-powered healthcare systems leading to decisions not agreed to but “in ones best interest”, and ChatGPT-generated fake news causing societal discord. Not to mention an even greater divide between the “haves and have nots” with the majority of ownership, control, and profit being by corporations. Add to that a loss of privacy and autonomy and AI-driven job displacement causing widespread unemployment and economic instability. Pretty bleak. But, before we panic and build underground bunkers, there are steps we can take to prevent this dystopian future from becoming a reality. By ensuring equitable access to AI and ChatGPT, developing ethical guidelines for their development and use, and having inclusive, transparent and accountable governance, we can ensure these technologies are used in a responsible and inclusive manner to the benefit of all people. Robots and AI can be incredible tools to help speed up existing processes and solve complex problems. Automation could be utilized to increase human productivity and lift people out of poverty. Advances in healthcare could provide better access to treatments and resources to those with lower socioeconomic status, while ethical AI-driven systems can ensure fair and impartial decision making in business, finance, and even judicial systems. Additionally, educating ourselves and others about the potential risks and consequences of AI systems is crucial in understanding the potential implications of job displacement, bias, discrimination, ethical concerns, and governance issues. It’s up to us to decide whether it will be a utopia or a dystopia.
So, in the conclusion we figure out that if used and utilized properly, AI is a gift to humanity, but if misused it can destroy everything. It should be controlled by us and should not let it control us. AI must be used carefully. People should understand its actual use. Misusing will obviously led to destruction. It’s already clear that AI is set to be revolutionary; more so, most likely, than the move to automating repetitive manual tasks through robotic hardware. Most researchers agree that a hyper-intelligent AI is unlikely to evince human emotions like love or hate, and that there is no reason to expect AI to become intentionally altruistic or malicious. If used properly AI can do wonders and if misused AI will result in major destruction.