Artificial Intelligence, Its Benefits & Risks Essay

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Updated: Oct 31st, 2023

Introduction

Artificial intelligence (AI) revolves around the idea that human intellect can be replicated in machines. Technological advancements have made it possible for experts to manufacture machines, which can discharge many activities that require reasoning without human intervention. Many studies have been conducted to examine the field of artificial intelligence. As this paper reveals, AI-related topics that have received significant scholarly attention include the impact it has on people’s lives, some of its interesting features, and the future of business operations, thanks to the application of artificial intelligence.

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Artificial Intelligence and People’s Lives

According to Makridakis, “The goal of artificial intelligence includes learning, reasoning, and perception, and machines are wired using a cross-disciplinary approach based on mathematics, computer science, linguistics, and psychology” (49). Artificial intelligence has significant impacts on our lives. This technology influences the buying behaviors of many customers, particularly those who like watching movies. Companies like Netflix have invested heavily in artificial intelligence intending to gather information regarding consumers’ interests.

Data gathered is used to target individual customers depending on their tastes and preferences (Makridakis 55). For instance, after streaming a movie or series, one may be surprised to see their screen filled with images that promote other shows or videos. In most cases, these films fall in the same genre as the one they have just completed viewing. Such incidents do not happen by coincidence. Companies use artificial intelligence to persuade people to stream more videos or buy specific products and services.

Artificial intelligence is also used in the transportation sector. Taxi companies such as Uber use applications that are equipped with machine learning, which is a component of artificial intelligence (Dirican 568). It would have been hard for Uber to achieve its goal of dominating the ride-sharing market without using this technology. Machine learning enables taxi businesses to identify falsified accounts and determine the most favorable points to pick or drop clients.

Interesting Things about Artificial Intelligence

One of the most fascinating things about artificial intelligence is that virtually all artificial intelligence assistants respond in feminine voices. For instance, AI machines such as Cortana, Siri, and Alexa are all female. The primary reason they are feminine is that most people prefer female assistants. Another interesting thing about artificial intelligence is that characters can write. Today, robo-journalism is gaining popularity in the media industry. Los Angeles Times prides itself on being the first company to use a robot to compose an editorial about earthquakes in California (Makridakis 58). Despite these numerous benefits attributable to artificial intelligence, some tech companies have doubts about the technology. For example, Tesla’s chief executive officer, Elon Musk, is renowned for his love for advanced technology. However, he shares his skepticism regarding artificial intelligence. Musk argues that artificial intelligence may pose a threat to humanity and hence the need for a level of control. He advocates for the abolishment of the manufacture of automated weapons.

The Future of Artificial Intelligence

Many customer care professionals are losing jobs. Their positions are being taken over by artificial intelligence. Studies show that over 85% of consumer relationships involve artificial intelligence-aided robots (Dirican 571). Hence, in the future, technology will dominate the personal assistant career, thus rendering many people jobless. The demand for self-driving cars is growing. Artificial intelligence is expected to feature in the automobile industry since many companies are looking forward to producing automated cars.

Conclusion

Artificial intelligence has infiltrated our lives in various ways. Companies leverage this technology to influence consumers’ buying behaviors. Additionally, businesses are gradually using AI to automate professions, a move that has made many people jobless. Even though this technology is useful, there is the need to regulate its utilization before it becomes a threat to humanity.

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Works Cited

Dirican, Cuneyt. “The Impacts of Robotics, Artificial Intelligence on Business and Economics.” Procedia – Social and Behavioral Sciences, vol. 195, no. 1, 2015, pp. 564-573.

Makridakis, Spyros. “The Forthcoming Artificial Intelligence (AI) Revolution: Its Impact on Society and Firms.” Futures, vol. 90, no. 1, 2017, pp. 46-60.

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IvyPanda. (2023, October 31). Artificial Intelligence, Its Benefits & Risks. https://ivypanda.com/essays/artificial-intelligence-its-benefits-amp-risks/

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IvyPanda. (2023) 'Artificial Intelligence, Its Benefits & Risks'. 31 October.

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IvyPanda. 2023. "Artificial Intelligence, Its Benefits & Risks." October 31, 2023. https://ivypanda.com/essays/artificial-intelligence-its-benefits-amp-risks/.

1. IvyPanda. "Artificial Intelligence, Its Benefits & Risks." October 31, 2023. https://ivypanda.com/essays/artificial-intelligence-its-benefits-amp-risks/.


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IvyPanda. "Artificial Intelligence, Its Benefits & Risks." October 31, 2023. https://ivypanda.com/essays/artificial-intelligence-its-benefits-amp-risks/.

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