The Impact Of AI: An Economic/Financial Perspective

@takhar: Great discussion! AI permeating our world is definitely inevitable. I also think humanity will most likely never be on the same page in regards to AI so the impasse will be unavoidable. I'm hoping that it wouldn't last for that long and we can come to a general consensus on moving forward with AI.

@joanstewart: Topic that will need to be discussed in depth before implementing into the world, a recent video I watched that may interest you Michio Kaku on Quantum Computing and AI Chat bots Life is changing exceptionally fast, well done with discussion. @tipu curate

@humbe: Great Topic guys and it's refreshing to hear your perspective on AI. 🌼 I agree with you on not relying on AI like ChatGPT to generate content ideas as it is trained on existing data and lacks the expression of one's personal experience to connect with our audiences. We need to assess the situation and find ways to adapt that suit our needs. One example that hit home to us when it comes to adapting new ideas is cryptocurrency vs banks/shares/equity/real estate investment Some investors see crypto investment as a get rich quick scam while those who took time to understand the technology see how they fit in and are benefiting from it. Of course, if we all move to crypto there is a threat to banks and jobs. One thing we should appreciate about humans is that we have ways to adapt to change even though we are also threatened by it when it is still a new idea to us. Even during the first invasion of calculators there was fear that if learners are exposed to using them, it will affect their intelligence. But at the senior phase, calculators were compulsory to solve complex problems like trigonometry concepts. We now know that owning a calculator won't help you solve maths problems without understanding. My point for this analogy is concerning one's abilities whether you need to use "AI" as an easy way out meaning generate ideas for you (which are already a pattern of existing data) or to maximise one's potential to create new ideas. And if we have to consider the job security. This is just a new additional threat to what we have seen in the past. For instance, online banking and the cashless idea threatened bank jobs and cash couriers. The internet, search engines and audiobooks were a threat to authors and physical libraries. Smartphones and access to mobile data eliminated the Internet cafe business. But because of the same threats we can now access any information and create content to earn a living. Imagine having to create content at an internet cafe or library if the odds had favoured those who had internet cafes and library jobs. The music industry also evolved with people easily accessing music on the internet and peer peer sharing but the industry has found ways to adapt. DSTV now is threatened by Netflix, apple tv, prime, etc. My biggest worry is Africa being disadvantaged in having to adapt to the shift of skills and application of these tools in a way that can benefit us. Oops, I got carried away writing this comment. It's an intriguing topic!🙃

@seckorama: It's good to be aware that in 2 3 years there will be convergence, we content creators have to prepare and adapt to the situation, because we are the first to be hit ... the physical work will remain ...

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