Artificial Intelligence: Boon or Bane?

Abstract

Artificial Intelligence (AI) is transforming the nature of almost everything which is connected to human life e.g. employment, economy, communication, warfare, privacy, security, ethics, healthcare etc. However, we are yet to see its evolution in long-term, whether it’s leading humanity towards making this planet a better place to live or a place which is full of disaster. Every technology has its advantages and disadvantages but advantages always outweigh disadvantages for the technology to survive in the market. Nonetheless, for Artificial Intelligence we are not yet sure whether in the long-term positive effects will always keep outweighing the negative effects and if that is not the case then we are in serious trouble. If we look around us, on the one hand, we seem to embrace the change being brought by technology, be it smart home, smart healthcare, Industry 4.0 or autonomous cars. On the other hand, we often found ourselves protesting against the government in the context of unemployment, taxes, privacy etc. As AI development is speeding up, more robots or autonomous systems are being born and replacing the human labor. This is the current situation; however, in long-term, results seem to get more interesting. Throughout this essay, I will cover the major domains where human life is significantly affected by AI in both positive and negative ways.

Keywords: Artificial Intelligence, Law, Privacy, Employment, Singularity