We can pretend that rational minds, coupled with societal self-preservation, will thwart the dark side of AI. But we’ve read this story before, and we know how it proceeds.
Mary Shelley wrote it more than 200 years ago and called it Frankenstein.
In Shelley’s novel, Dr. Frankenstein uses advanced technologies to create a creature with the potential to “renew life where death had apparently devoted the body to corruption.”
But this ambitious experiment goes awry in every imaginable way. The creature becomes an immediate and unpredictable threat to its creator and to society. In addition to its violent tendencies, the creature also develops human-like desires for acceptance and companionship.
By portraying these complexities through the creature’s behavior, Shelley raises fascinating questions about what it means to be human.
In last week’s issue, I showed you the opportunities – and consequences – in AI’s power. Today, we’re exploring how this dynamic technology is already making inroads into some surprising industries and where investors should look for opportunities.
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Seeking Advice from ChatGPT
Those questions about humanity were largely theoretical until AI became a reality. But now that this grand experiment is walking among us, we must begin to grapple with the roles and risks of intelligent machines in society.
AI systems could completely alter our understanding of consciousness, while also blurring the lines between human intelligence and artificial variants.
To gain additional insight into the economic upheaval AI might cause, I sought the guidance of AI itself.
I asked ChatGPT, “Which industries are suffering because of AI?”
The brainy bot replied…
AI and other advanced technologies are disrupting and transforming various industries, causing some companies to face challenges in adapting to these changes.
For example, the retail industry is being disrupted by the rise of e-commerce platforms that leverage AI-powered recommendation engines and personalized marketing strategies… the transportation industry is facing potential disruption as autonomous vehicles become more prevalent, which could impact companies that rely on human drivers.
The finance industry is also undergoing a transformation as AI is being used to analyze vast amounts of data and improve decision-making in areas such as risk assessment, fraud detection, and customer service. However, this has also led to concerns about job displacement and the potential for AI to reinforce bias and discrimination.
But this broad answer did not provide any particularly insightful details, like the detail that AI is already imperiling the jobs of fortune-cookie writers and warehouse workers.
It’s true; as The New York Times reports…
OpenFortune Inc., a New York-based company that supplies printed messages to well over a dozen fortune-cookie factories around the world, says it has started using ChatGPT technology to potentially generate a near-limitless inventory of new messages…
By some estimates, three billion fortune cookies are made by factories around the world every year. Nearly all are written by a handful of fortune-cookie factory owners, their families or small teams of copywriters.
AI is starting to push some of these copywriters out of the cookie factory and into the soup kitchen.
AI is also impacting the logistics industry. Amazon.com Inc. (AMZN), for example, is actively developing AI-enabled robotics in its warehouses to perform tasks that humans currently do.
And while Amazon asserts that its AI-powered endeavors will create over “700 new categories of jobs,” the giant logistics firm recently announced 27,000 job layoffs.
Connect those dots however you like.
AI: A Fount of “Synthetic” Creativity
It can be said that AI is not only threatening our jobs, but it is also threatening our humanity. AI can produce work that seems “manmade” but isn’t. It can produce everything from love letters to rap music, including songs that “borrow” the voices of deceased rappers.
But no matter how creative AI technologies like ChatGPT may be, they never become human.
Over time, AI might produce such unfathomable volumes of “synthetic” art, literature, and media that it corrupts the essence of what we know as humanity. As a result, AI’s excesses will almost certainly cultivate a cultural longing for non-AI products and experiences.
AI is a clear threat to our humanity, which means we must develop strategies for safeguarding it, even as we learn to coexist with this invasive new species of near-humanity.
But the AI story does offer a bright side – a side of infinite potential to benefit society.
My Visit to ChatGPT Headquarters
Back in April, I took a trip to San Francisco to take a deeper look into what Elon Musk did inside the walls of OpenAI headquarters.
This is where, a few years ago, he and a couple of other billionaires launched what I’m calling “Project Omega…” a project that’s soon guaranteed to affect every aspect of your life.
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