Next big thing? Game changing? AI, or artificial intelligence, will either revolutionize the world or be so dangerous it will destroy the world. Big whoop! It seems everyday there are articles extolling the myriad of ways that AI will make our lives easier, more productive and efficient. (Except for Elon Musk; “There is some chance that is above zero that AI will kill us all.” Sep 13, 2023.”) Lot of fun he is.
History is full of new technology that will enrich our lives, make us ‘better people” and on and on. Some do, some don’t. When television came into homes it was touted as a way to bring musical symphonies, live plays and sporting events right into your living room. Check your cable TV offerings now (miss Jerry Springer yet?). Social media? Great way to keep up with friends(?). Uh huh! Jets will bring luxury travel to passengers (try seat 39E). But not all is lost.
So, if artificial intelligence is so smart, can it predict who will be the next Speaker of the House of Representatives? Of course not. Even the majority political party from which the speaker will come from has no clue.
How about NFL football? Who will win this year’s Super Bowl? I know some of the sport analysts know for certain, but does AI? Will Travis Kelce and Taylor Swift get married? AI ain’t touching that one.
Is a spot bitcoin ETF a certainty? AI says that’s easy; YES.
Will Sam Bankman-Fried (SBF) take the stand and testify on his own behalf? AI says yes. Will the stock market continue to go up every year. AI says NO. What are you thinking?
Artificial intelligence can’t tell you when the Fed will cease raising interest rates. Or ease them. Even the Fed doesn’t have a clue. However, AI could have told the Fed that inflation wasn’t transitory (that was a kindergarten level prediction).
One more thing AI can’t do? Write a brilliant insightful story like this. Hmmmmmm! Or did it??