“A baby learns to crawl, walk and then run. We are in the crawling stage when it comes to applying machine learning.” – Dave Waters
Are you curious to know the future of AI? You’re in the right place.
Did you know that the AI market in the USA is expected to reach over $300 billion by 2026? By 2025, as many as 100 million people will work in the AI industry.
That’s a HUGE number, right?
Yes, AI (Artificial Intelligence) is growing rapidly.
Millions of businesses around the world are already using AI (aka robots or machines) to automate their tasks.
So if you’re wondering about artificial intelligence’s future and its impact and benefits, this post is just for you. Let’s get into the details without much ado.
The Future of Artificial Intelligence: Exploring the Limitless Possibilities of AI
What is AI?
Artificial intelligence (commonly known as AI) refers to the ability of a computer or machine to mimic human behavior.
It can perform a wide range of tasks, including;
- Understanding the user input (based on their intent)
- Gathering data from billions of pages (or input commands)
- Generating output based on the data it gets.
Different Types of AI
AI can be differentiated into many types. Let’s briefly talk about the major types of AI.
- Natural language processing (NLP) AI: This type of AI is getting popular these days and it uses machine learning to generate human-like text. A few examples of tools that use this type of AI include Jasper AI, ChatGPT, Rytr, etc.
- Rule-based AI: As the name suggests, this type of AI follows the rules or input commands users give to generate text or solve problems.
- Neural network AI: This type of AI is designed to work like a human brain, and it can be used to recognize patterns, data mining, etc.
What Is the Future of AI?
“Humans should be worried about the threat posed by artificial intelligence.” – Bill Gates
Is AI really that scary? Is AI taking away jobs in the future?
Here’s the truth about AI: AI makes a decision based on the learning from experience and information it receives.
Whatever the input command we give, AI will learn, understand the intent behind the input and deliver the results. Most AI tools are still developing, so they may deliver inaccurate data.
With time, AI will become more intelligent, faster, and more accurate.
Why? Because AI will have access to BILLIONS of pages of data which it can use to give accurate results almost instantly.
The future of work will be different with AI.
In today’s work, most of us do many repetitive tasks such as billing, manually entering details into spreadsheets, packing, etc.
However, in the near future, most of such tasks will be managed by AI so people can focus on using their time for better things.
Yes, there will be some jobs that may be automated or entirely replaced by AI, while others may be created that require new skills and expertise.
These new skills include
- Creativity
- Data analysis
- Programming
- Machine learning
- Data security, and more
So, all of us need to continue learning and developing new skills to stay competitive in the job market.
What’s the bottom line?
Yes, AI will replace some jobs where there’s no creativity involved.
What Industries Will AI Change?
According to Oxford Economics research, the rise of robots will replace over 20 million manufacturing jobs all across the globe by 2030.
Some of the jobs that are most likely to be replaced or taken over by AI are;
- Cashiers
- Drivers
- Customer care executives
- Waiters
- Bartenders
- Drivers
- Cleaners
- Bookkeepers and more
Have a look at the following illustration;
If you’re doing jobs in any of these fields, be worried. Why? If not today, robots or AI can replace your jobs.
People are already purchasing self-driving cars which use sensors and AI to control acceleration, braking, and steering.
In case you’re curious, here’s the evolution of AI in automated cars;
As you can see, the automation levels of cars are growing rapidly. Soon, these cars can operate on their own (without even the presence of a driver).
Here’s the funny part: AI will work 24/7, won’t get sick, and will NEVER even complain about overwork.
That’s why most businesses are likely to prefer AI or robots over people. They’re faster and more cost-effective in most industries.
Benefits of Artificial Intelligence (AI)
Here are some of the biggest benefits to using artificial intelligence in 2023 and beyond.
- The ability to automate tasks, such as writing, editing, coming up with creative ideas, and more
- Unlike humans, there are no time limits to AI. It can work 24/7/365 without a break, which is an impossible thing to do for humans. The best part? Even if it works 24/7, it will NOT make any mistakes as it creates accurate output based on the data it gets.
- AI is really faster. Want to write a 500-word blog post? You can use AI writing tools like Jasper to create an article within a few minutes. Most people will take at least an hour to do the same task!
- Saves a ton of time in repetitive tasks. For instance, AI can personalize customer support through chatbots, as you may don’t need humans for those jobs in the coming days.
- It can become more accurate. The more we use AI, the more precise it gets
- AI has access to a wide range of information. Did you know that OpenAI’s GPT 3 has access to billions of data? AI uses natural language processing to understand the user intent of people who speak different languages.
- Most machines will become much smarter than people, which ultimately leads to getting better results in quick time.
- Above all, AI is cost-effective. For most businesses, AI can help lower overall costs.
FAQs | Artificial Intelligence and the Future of Humans
Here are some frequently asked questions on AI and the future of humans.
What is AI?
AI (known as Artificial intelligence) involves using machine learning to do things that traditionally require human intelligence. The best part? It can consume billions of pages and give output based on the input.
What are the future predictions of artificial intelligence?
Soon, most people will use AI to save time on repetitive tasks. AI tools can help us with most things, including getting new ideas, decision-making, text creation, translations, etc.
What will AI be able to do in 20 years?
In the next twenty years, almost 100% of the data will become digitized, making it possible for AI to deliver faster results and responses. AI can replace many jobs, such as drivers, cashiers, customer care service, etc.
What is the most promising AI company?
OpenAI is probably going to revolutionize the AI industry. They have already launched a powerful AI chatbot called ChatGPT, which uses deep learning algorithms to have human-like conversations.
Can AI replace humans?
Yes, in some jobs, AI can replace humans. For example, customer care service can be replaced by chatbots. But AI can never replace humans with creativity. Find ways to get creative with your work, no matter your field.
Related AI Resources:
Final thoughts on the future of artificial intelligence
If used correctly, artificial intelligence can help us in a wide range of tasks, such as writing, design, healthcare, shopping, and much more.
That being said, it is EXTREMELY difficult to predict the future of artificial intelligence, as it is constantly improving. The future of AI depends on us and how we’re going to use it.
So what are your views on the rise of AI? Do you think it will help us save time and money in the long run? Or do you think AI will change the way we work forever? Let us know your thoughts in the comments.
