Future of Artificial Intelligence: Top Things You Must Know

5 min readAug 24, 2023

We live in times where science fiction has seamlessly blended into our reality. From the friendly and informative voices of Alexa and Siri assisting us in our homes to the incredibly lifelike conversations we have with AI-powered chatbots and the mind-boggling capabilities of models like GPT-3, Artificial Intelligence (AI) has surpassed its fictional origins to become an indispensable part of our daily lives.

So it is safe to say that Artificial Intelligence is shaping the future across nearly every industry. According to reports, the AI industry value is estimated to increase by over 13x over the next 7 years. Interesting right. Let’s start from the basics to understand what lies ahead for the future of artificial intelligence.

3 Stages of Artificial Intelligence

The AI’s ability to perform intelligence-associated tasks we see today is not the end. There is constant evolution happening in this futuristic technology. Experts have given us numerous AI future predictions. But before that we must understand what is the current stage of AI and what we are targeting to achieve

Narrow AI: It is the ability to complete assigned tasks with intelligence. The current stage of AI is Narrow AI, where dedicated tasks like speech recognition and self-driving cars are performed.
General AI: Artificial General Intelligence or AGI is the ability of machines to show human intelligence.
Super AI: Super AI, or ASI, is a self-aware AI with better cognitive abilities than humans. It is a level where machines can perform all the tasks a human can with cognitive properties.

Top Sectors Thriving by Impact of AI

AI has revolutionized multiple industries by changing their processes and work approaches. The role of artificial intelligence in future technology is transformative. Let’s discuss the impact of AI applications on various sectors individually:

Healthcare:

AI plays a vital role in diagnosing diseases accurately.
It speeds up the process of drug discovery and makes it cost-effective.
It can streamline the process of scheduling appointments and billing.
AI will make healthcare cheaper and easily accessible.

Cyber Security:

Due to AI and NLP, identifying the origin of cyber-attacks is becoming accurate and easy.
It enables monitoring and prevention of security breach incidents.
AI will automate rule-based tasks and processes with the help of chatbots.

Finance:

AI can propose investment-related conclusions based on data and analysis within minutes.
It helps in quick and easy fraud detection and prevention
The AI systems enable high-frequency trading and better decision-making due to fast data processing.

Transportation:

AI is aiding the process of creating fully automated vehicles.
The systems are reducing workload in the cockpit by automating tasks.
It is also helpful in tracking fatigue and stress of vehicle operators to reduce accidents.

E-commerce:

AI is helping to enhance user experiences and increase revenue for the e-commerce industry.
It helps to streamline the process of marketing and product distribution.
AI is helpful in supply chain management, automating warehouses and inventory management.

Education:

AI will enable the personalization of education per the child’s needs, abilities and interests.
AI fastens the process of grading the paperwork and its classification.
AI is used in educational platforms to create personalized plans for the student.

Future of AI

The AI market is expected to grow by 38% and reach a capitalization value of $1,597.1 billion by 2030.
By 2030, Artificial Intelligence will account for 26.1% of China’s GDP, followed by North America at 14.5% and the United Arab Emirates at 13.5%.
Jobs with AI specialization will be in high demand as 97 million specialists will be needed in the AI industry by 2025.
Due to hyper-personalization for enhanced consumer experience, 80% of retail executives predicted the adoption of AI-powered automation by 2027.
50% of the knowledge workers will shift towards virtual assistants by 2025.

Will AI Take Over Humanity?

Not quite. The idea of whether AI will take over humanity is a topic of debate and speculation. Currently, AI is in the Narrow/Weak AI stage, which means it’s designed for specific tasks and lacks general human-like intelligence. Although we can’t deny that AI has shown remarkable advancements in various areas, there are still several reasons why the notion of AI taking over humanity is considered unlikely:

Current Capabilities: Present AI systems are highly specialized and excel only in predefined tasks. They lack common sense, emotions, and true understanding of context.
Ethical and Control Measures: The development of AI is guided by ethical considerations, and researchers emphasize the importance of maintaining control over AI systems. Responsible AI development includes building safeguards against unintended consequences.
Lack of Intent: AI doesn’t possess consciousness, desires, or intentions. It operates based on algorithms and data, without inherent motives to take over or control humans.
Technical Challenges: Achieving General AI or Artificial Superintelligence, the stages at which concerns about AI domination arise, is a complex challenge that requires solving intricate problems related to human cognition and decision-making.
Human Oversight: Human involvement in AI development and deployment is crucial. Decisions made by AI systems are based on human-defined parameters and data, so their actions are ultimately shaped by human input.

While AI’s impact on various aspects of society is profound and continuing to grow, the idea of AI taking over humanity remains rooted in science fiction and speculative scenarios. Responsible AI development and ongoing research are essential to ensure that AI remains a tool that benefits humanity rather than posing a threat.

But as a professional, you must understand that even narrow AI is showing the potential of replacing humans by automating tasks. A total of 85 million jobs are expected to be displaced by AI by 2025, where 2,000 activities will be automated across 800 professions. Hence, upskilling and specializing in AI has become a matter of necessity to retain jobs.

Final Thoughts

Future of AI has vast potential to alter multiple sectors and industries. It can improve quality of life, speed development, simplify processes, and foster scientific breakthroughs.

Even in the narrow stage, it can take over millions of jobs globally and automate 81% of the work, becoming a possible alternate. Given the vast dependence on AI and its potential, the only way to adapt to these dynamics is to be an expert or a specialist in AI. The landscape of Artificial intelligence future jobs will be based on innovation and automation.

Irrespective of the technical or non-technical nature of the job role, skilling in AI will help you sustain your job and aid in career progression. With the help of Careervira, You can start your skilling journey with AI Fundamentals or Introduction to Artificial Intelligence (AI).