Ray Kurzweil, one of the world’s most well-known futurists, anticipates AI reaching singularity in 2045. This is a breaking point when machines will be technically able to teach themselves everything. Their intelligence will grow at an exponential rate beyond human imagination.
If algorithms/AI are used to provide data for decision-making or to make autonomous decisions, an open discussion has to take place on how the underlying algorithms function. Society needs agreement on areas for which humans should retain final decision-making power.
AI could complement humans in their endeavours, e.g., diagnosis of genetic diseases; in searching through great volumes of data (like tax data or legal case histories etc.). AI would help humans to concentrate on more sophisticated tasks. AI could also be disruptive and simply automate human labour away altogether – cashiers, accountants, IT programmers, and radiologists etc. and thereby disrupt the social contract.
Among the questions to be addressed:
- How can we ensure that humans retain crucial decision-making power?
- How can we ensure transparent, fair, and non-biased algorithm-based processes?
- How will AI change the labour market in the long run?
- Which jobs will be automated and how can governments redistribute gains reaped by AI to all?