Introduction
With the rapid rise of Artificial Intelligence, it is hard to think of a time when such marvelous technology did exist. It has revolutionized the way humans work, making their tasks easier than ever before. It is like a genie that follows your command and executes your wishes. The only difference is that your wishes are not limited to only three. Although, a life without AI almost sounds like a joke today, it has not always been that way. The rise of AI was decades in the making.
Artificial Intelligence Transformation: History
Thoughts and Ideas
Every new invention starts with an idea. The concept of machines that could follow the instructions of humans and carry their tasks within minutes had existed for a long time, ultimately leading to the invention of the computer. Some might think that this quenched our thirst, leaving us fulfilled however it only made us greedier for better technology.
The year 1956: Dartmouth Conference
The term AI that you throw into conversations as often as a cake, was first coined by John McCarthy at the famous Dartmouth Conference. This was followed by what is usually referred to as the Golden Age of AI. More people became aware of the technology that would soon take over the world like a whirlwind.
The year 1966: ELIZA
The first chatterbot(now chatbot), ELIZA was developed by Joseph Weizenbaum. Can you imagine, that the technology was so nuanced that many people mistook ELIZA for an actual human being?
The year 1966: Shakey
Soon, Shakey, the first mobile robot was introduced which could carry out actions on its own without relying on commands from humans.
The year 1980: XCON
XCON, an expert system was developed by Digital Equipment Corporation. If you are learning the alphabet of AI, you might be thinking what an expert system is. Expert systems are fed human knowledge in specific domains to resolve people’s problems like a human expert. The purpose behind this development was to help people in a cost-efficient manner.
The year 1997: Deep Blue
It is common knowledge today that anything humans can do, AI can do faster and probably more effectively. However, it was a shock when Deep Blue became the first AI to beat the world champion, Garry Kasparov in a chess match!
The year 2005: DARPA
DARPA Grand Challenge was conducted which was a car competition but with no drivers! Stanley Stanford Racing Team emerged victorious in the competition.
Year 2022: ChatGpt
ChatGpt has become a household name which has made AI accessible to anyone with a stable internet connection. Developed by OpenAI, it is designed to respond conversationally, this technology not only responds to questions but also helps people in creative processes such as writing poems and composing songs.
Artificial Intelligence in Industries
As AI has evolved over the years, it has impacted multiple industries. From healthcare to social media, its presence can be felt everywhere. Does it surprise you how accurately your social media seems to know you? Filling your feed with exactly the kind of content you are looking for? Well, it’s not a coincidence not even close. It is all AI detecting your activities from the posts you like to the content you engage in to recommend the posts that will keep you a little longer on these platforms. As a result, AI has helped big companies like Meta and Twitter to flourish gigantically.
Artificial Intelligence in Healthcare
Staunch supporters of AI have often argued that using it has greatly benefitted the healthcare industry. Does that mean AI is replacing doctors? Although this may be a possibility, the idea is still dystopian and honestly scary. However, AI has been able to catalyze the process of medical diagnosis, and drug recovery, and can manage endless data that may drive a perfect human mad.
Artificial Intelligence in Finance
Financial sectors have reaped ample benefits due to the usage of AI. A common example is the customer care services provided by the organizations for a friendly user experience. Other services include analyzing market trends to assist investors, improving cyber security, identifying unusual activities, and analyzing data.
Artificial Intelligence in Manufacturing
AI has enriched the experience of both the manufacturers and the buyers. The former has profited by using the technology for product designing, customer queries, and feedback, while the latter has gained through quality checks that do not allow for defective pieces.
AI trends 2024
Ethical AI
Since ChatGpt took over our lives like a storm, AI has become much more accessible to common people. This has ultimately led to ethical concerns regarding its usage. As a result, it is no surprise that the 2024 trends continue to witness the rise of ethical AI which works within the framework of moral values and protects the privacy and rights of individuals. So the next time you use AI you are not constantly worried about your data being leaked.
Multimodal AI
What if you are told that there is AI technology out there that can not only respond in texts but also to other sensory methods such as audio and visuals? Wouldn’t that make our work a lot more engaging and a lot less monotonous? Multimodal AI such as ChatGpt4, unlike its previous counterparts which were only restricted to one type of data, allows for multiple formats as input and output. Another great example of multimodal AI is Sora by OpenAI.
AI-generated ads
In an experiment conducted by Neil Patel, co-founder of NP Digital, ads created by humans and AI were used for 28 businesses over various digital platforms. After the experiment, it was found that the former had outperformed the latter more than 60% of the time. However, what comes as a surprise is that when AI was used to create variations of those human ads they won more than 70% times when compared to the ads crafted by humans.
AI in future
More than 70% companies have either started using AI or are exploring it, which suggests that the jobs requiring lesser skills will soon be replaced by it.
According to the Michigan Journal of Economics, ‘Since the 2000s, automation systems have eliminated 1.7 million jobs. This number will increase as AI plays a bigger role in everyone’s lives. Another report read that AI has the potential to grow the cumulative GDP of the world by 16%.
But anything that is ever too good is far from true. With the adoption of AI becoming a norm, it has posed problems, with data privacy and human biases being the least of human concerns.