SIZ Education|| Dangerous of Artificial Intelligence || By maryam827

I hope all you are fine and good in my previous posts i tell you about what is AI and whats its benefits but now i tell you about some dangerous points of Artificial Intelligence.

RISKS OF ARTIFICIAL INTELLIGENCE

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• Automation-spurred activity loss

• Privacy violations

• Deepfakes'

• Algorithmic bias because of awful data

• Socioeconomic inequality

• Market volatility

• Weapons automatization

Is Artificial Intelligence A Threat?

As AI grows extra state-of-the-art and ubiquitous, the voices caution towards its modern-day and destiny pitfalls develop louder. Whether it is the increasing automation of positive jobs, gender and racial bias issues stemming from old facts reassets or self sufficient weapons that perform with out human oversight (to call only a few), unease abounds on some of fronts. And we’re nevertheless withinside the very early stages.

THE IMMEDIATE RISK: JOB AUTOMATION

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Job automation is usually regarded because the maximum on the spot concern. It’s not a rely of if AI will update positive varieties of jobs, however to what degree. In many industries — especially however now no longer completely the ones whose people carry out predictable and repetitive duties — disruption is nicely underway. According to a 2019 Brookings Institution study, 36 million humans paintings in jobs with “excessive exposure” to automation, which means that earlier than lengthy at the least 70 percentage in their duties — starting from retail income and marketplace evaluation to hospitality and warehouse labor — can be accomplished the use of AI. An even more recent Brookings report concludes that white collar jobs may also actually be maximum at risk. And in keeping with a 2018 report from McKinsey & Company, the African American group of workers can be toughest hit.

As AI robots end up smarter and extra dextrous, he added, the identical duties would require fewer human beings. And at the same time as it’s actual that AI will create jobs, an unspecified variety of which continue to be undefined, many can be inaccessible to much less educationally superior participants of the displaced group of workers.

AUTONOMOUS WEAPONS AND A POTENTIAL AI ARMS RACE

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in early November of this year, a Pentagon institution known as the Defense Innovation Board published moral guidelines concerning the layout and deployment of AI-enabled weapons. According to the Washington Post, however, “the board’s guidelines are in no manner legally binding. It now falls to the Pentagon to decide how and whether or not to continue with them.”

STOCK MARKET INSTABILITY CAUSED BY ALGORITHMIC HIGH FREQUENCY TRADING

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Financial HFT algorithms aren’t continually correct, either. We view computer systems because the end-all-be-all in relation to being correct, however AI continues to be absolutely simply as clever because the human beings who programmed it. In 2012, Knight Capital Group skilled a glitch that placed them at the verge of bankruptcy. Knight’s computer systems mistakenly streamed lots of orders in keeping with 2nd into the NYSE marketplace inflicting mass chaos for the company. The HFT algorithms finished an amazing four million trades of 397 million stocks in most effective forty five minutes. The volatility created via way of means of this pc blunders brought about Knight losing $460 million in a single day and having to be obtained via way of means of some other firm. Errant algorithms manifestly have huge implications for shareholders and the markets themselves, and no person discovered.

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@maryam827