Essay On Artificial Intelligence Regulation - 1541 Words

Orion Humphrey Katherine Pack ENGL 1101 22 October 2017 Artificial Intelligence Regulation Artificial intelligence, or AI, is not necessarily a new concept but hasn’t been remotely possible up until a few years ago. It’s recently been a hot topic among the tech community, religious folk, and really, the rest of the world. While in its infancy, AI has the potential to be dangerous and needs to be regulated. Artificial intelligence is something that’s taboo to a lot of people. They wonder whether it’s ethical or right to create life out of nothing. If you’re religious, you might think that God should be the only one to bring life into this world. This is a very small scenario compared to the grand scheme of things that have to do with AI.†¦show more content†¦According to a study by Ball State University, â€Å"An estimated 5 million U.S. factory jobs have evaporated since 2000 and most of those (88%) were lost to increased productivity due to automation†¦Ã¢â‚¬  (Darrow) This is just due to automation and if you incorporate machine learning artificial intelligence, it will take over even more jobs. â€Å"†¦a recent report by consultancy PricewaterhouseCoopers estimates that 38% of U.S. jobs have a ‘high risk’ of being wiped out by automation by 2030.† (Darrow) At the rate technology is increasing and quantum computers just waiting to be released for public use, it’s very probable that a lot of people will lose their jobs. Quantum computers are at this time already 100 million times faster than regular ones (Nield)and there will be no human on earth that can compete with that. An example of this is Goldman Sachs who at the turn of the century were using 600 traders to buy and sell stocks. As of February, 2017, they were down to two, while everyone else had been replaced with automated computer systems. (Byrnes) While some are not so severe, situations like this can destabilize the entire economy. A U.K. research firm states, †Ã ¢â‚¬ ¦nearly 45 percent of the revenue from cash equities trading comes from electronic trades†¦Ã¢â‚¬  (Byrnes) When it’s useless to have people making the trades and only to maintain the machines that do them, it will be a race to get the fastest and smartest computer toShow MoreRelatedCyber Crime Id Theft And Credit Fraud1411 Words   |  6 Pagestechnology, and also expect technologies to continue their concrescence to new more powerful appliances with new features. 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