Get All Access for $5/mo

The Advancement Of Artificial Intelligence Is Inevitable. Here's How We Should Get Ready For It. It is essential to focus on developing AI in a manner that is both morally and ethically responsible, as well as considering the potential risks and working to mitigate them.

By Master Sri Akarshana

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Shutterstock.com

The first exposure I had to the concept of artificial intelligence was when I saw the movie, Electric Dreams, where the main plot revolved around a love triangle between a man, a woman, and yes, a computer. Humorous implications aside, the application and integration of artificial intelligence (AI) is unignorable as we see this amazing technology evolve, and become a part of our lives- sometimes without us even knowing! That said, there are afterthoughts and fears too, as it will cause many industries to change forever, but let's take a cursory glance at how this Terminator-esque technology unfolds before our very own eyes.

AI is a rapidly evolving field. Its applications are expanding every day as seen with companies such as Tesla implementing and advancing autonomous vehicles, as well as virtual assistants such as Apple's Siri and chatbots such as OpenAI's ChatGPT, which, day by day, can do more than telling you what the weather will be tomorrow. AI is being adopted to serve various aspects of our lives, and it is proving to be of significant value as we embrace the future, both with excitement and concern.

But as AI advances, the question of whether AI is avoidable grows within our daily conversations, and, more specifically, about how can we balance the use of AI and humans in various industries. Several factors suggest AI is indeed inevitable. One of the most significant is the growth in computational power over the past few decades. Powerful processors and algorithms have enabled computers to perform increasingly complex tasks, from facial recognition to natural language processing. Additionally, there is an ever-increasing demand for AI applications in the healthcare, finance, and transportation industries.

As these industries (and several more) become more reliant on automation and data analytics, the need for AI solutions will only grow. Furthermore, the potential benefits of AI are significant. For instance, AI has the potential to revolutionize healthcare, with predictive analytics and machine learning models helping doctors diagnose diseases and develop personalized treatment plans. AI can also aid in improving transportation by enabling autonomous vehicles to navigate roads safely and efficiently, reducing the number of accidents and traffic congestion.

However, the concerns regarding the negative impacts of AI cannot, or, rather, should not, be ignored. One of the most significant fears is the possible loss of jobs due to automation. As machines become more capable of performing human tasks, and that too with lower margins for error, there is a risk of widespread job displacement. This could lead to significant social and economic challenges, particularly for low-skilled workers.

There are also concerns about the now prevalent misuse of AI. We have all come across social media posts and stories regarding facial recognition algorithms being used for surveillance purposes and voice cloners conning people, all raising concerns about privacy and civil liberties. An example of this misuse occurred just last month as an interview with the supposed retired Formula One driver Michael Schumacher included AI-generated responses.

Related: According to OpenAI CEO Sam Altman, This Is The Skill That Entrepreneurs Must Absolutely Have To Ensure Their Success

Despite these concerns, it is difficult to argue the value of AI. The benefits of the technology are too significant and impactful to ignore, and the demand for AI's application will only grow in the coming years, due to our daily lives requiring technology for aspects such as banking and communication. As such, it is essential to focus on developing AI in a manner that is both morally and ethically responsible, as well as considering the potential risks and working to mitigate them.

The obvious albeit tricky route is the development of robust AI governance frameworks. These frameworks would outline ethical principles and guidelines for the development and use of AI technology, ensuring that it is used in a way that is consistent with our values and principles while avoiding any compromise on growth and development. The drawback of this approach is laying squarely on the developing grey areas of AI use.

Another approach is to develop AI solutions that augment and enhance human capabilities, rather than replace them. For example, AI could be used to help doctors make diagnoses or financial analysts make investment decisions. By working in collaboration with humans, AI can enhance our abilities and improve our decision-making processes, thereby encouraging a win-win situation for humankind and the proliferation of technology, which, in turn, may save many industries.

Finally, it is crucial to invest in education and training programs to prepare the current and future workforce for the changes that AI will bring. This includes developing skills in areas such as data analysis, programming, and machine learning, as well as protecting the creativity, critical thinking, and the "human touch" that are essential in a rapidly changing world.

In conclusion, history does not repeat itself, but it does rhyme; the strengths, weaknesses, and concerns of AI are all too similar to the dot-com boom of the early 2000's. AI is a collective manifestation of how humans have forever perceived the future to be, and, therefore, is inevitable.

Related: The Open Letter Asking To Pause Artificial Intelligence Development Misses The Mark. Here's Why.

Master Sri Akarshana -famously known as the Yogi with a Lamborghini- is an international celebrity in the world of the law of attraction and spirituality. Over the years, his work has reached out to over 35 million people globally through social media platforms and live events.

Master shares a unique message of combining the physical with the metaphysical to achieve results in life. He believes that we are spiritual beings in a physical and material world, and, therefore, life should be experienced to the fullest, both spiritually and physically, to live in abundance of wealth and happiness.

Master (formerly known as Eric Ho) was born in the UK, and was a college drop out at age 19, and started his work in trailer vans selling burgers at fun fairs. At age 21, he opened his first restaurant business, and grew it to an international quick service restaurant franchise by 24. One year later, he ventured into other investments including real estate and import export, which made him financially free by the age of 25.

With the amassing of wealth and the world at his fingertips at such a young age, he fell into the spiral of buying material possessions to feel complete, and soon got lost in the shadows of his own supercars, yachts, and luxury mansions; that also led him to a deep and heavy depression. With the purpose of ending his life in mind, he found himself on a dangerous trip to Kenya in 2011, but, there, he realized a newfound purpose and joy to living by helping people. His love for giving and creating change in people’s lives is what led him to set up a charity to help orphaned children live a healthy, full, and sustainable life, called H Giving.

In 2019, Master went into the Himalayan mountains for rigorous mind body and spirit training, where he received the honorable title as spiritual master, and had his name changed by the wise and famous Himalayan Yogi, Grandmaster Akshar. Today, Master chairs his life-changing organization, I Am Verse, which provides a platform for millions of students around the world, broadcasting powerful knowledge and training on success mindset, wealth creation, law of attraction, and spirituality.

Master now resides in Dubai and is available to speak, comment, and debate on subjects of spirituality, personal wellbeing, mental health, financial freedom, technology, and yoga. His one message to the world would be: “Not everyone is born into this world with equal opportunities, skills, and knowledge, but with the right training, anyone can achieve greatness and live with purpose.”
Side Hustle

At 16, She Started a Side Hustle While 'Stuck at Home.' Now It's on Track to Earn Over $3.1 Million This Year.

Evangelina Petrakis, 21, was in high school when she posted on social media for fun — then realized a business opportunity.

Business News

Hybrid Workers Were Put to the Test Against Fully In-Office Employees — Here's Who Came Out On Top

Productivity barely changed whether employees were in the office or not. However, hybrid workers reported better job satisfaction than in-office workers.

Science & Technology

This Influencer Has Nearly 150,000 Instagram Followers and Makes Over $10,000 a Month. There's Just One Catch — She's Not Real.

Aitana López has over 149,000 Instagram followers and brands love her. Is she the future of social media marketing?

Living

How to Achieve Superhuman Levels of Focus with Nutritional Psychology

Could poor nutrition be the reason for a lack of focus?

News and Trends

Entrepreneur Middle East Publishes Report Looking Into The GCC's US$3 Billion Cloud Kitchen Industry

According to the report, the cloud kitchen industry is currently booming, especially as more customers are opting for ordering in, instead of dining out, in a world still mired in pandemic realities.