Artificial Intelligence (AI) encompasses machines performing human intelligence tasks, with Machine Learning (ML) emerging as a dominant technique in recent years.
Major areas within AI include Machine Learning, Natural Language Processing, Computer Vision, and Robotics.
ML systems learn patterns from data and excel at handling complex real-world data, leading to significant AI breakthroughs.
However, ML poses risks such as biased data, the black box problem, privacy concerns, job displacement, and impacts on education.
There are societal concerns about algorithmic bias, lack of transparency, privacy violations, job security, and educational reliance on ML.
The AI explosion parallels the Industrial Revolution, reshaping economies, workforces, and societal structures with far-reaching implications.
Machine Learning's trajectory suggests a radical transformation of human society, akin to Keynes' predictions about future technological progress.
Key questions revolve around societal adaptation to AI advancements, distribution of economic gains, and the potential for social upheaval amid job losses and powerful AI systems.