Answer to Question #159781 in Economics for hunain

Question

The Big Nine's Artificial Intelligence systems by Google, Microsoft, Amazon, Facebook, IBM, Apple, Baidu, Alibaba, and Tencent are increasingly accessing our real-world data to build products that show commercial value. List down the risks that involved in implementing of such a system which can learn from human interaction, emotions, and behavior. Identify the goals that these companies want to achieve from the implementation of AI technologies? What is the acceptable level of evolution of A.I. at which people will be willing to compromise for data collection?

Answer 1

Risks that involved in implementing of such a system are: automation-spurred job loss, privacy violations, 'deepfakes', algorithmic bias caused by bad data, socioeconomic inequality.

The goals of artificial intelligence include learning, reasoning, and perception. AI is being used across different industries including finance and healthcare. Weak AI tends to be simple and single-task oriented, while strong AI carries on tasks that are more complex and human-like.