The knowledge economy is dead. Long live the economy of intuition

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The simultaneous excitement and fear surrounding artificial intelligence (AI) is truly remarkable.

On the one hand, companies and investors are pumping billions into the technology, with interest accelerating since Microsoft-backed OpenAI released the conversational chatbot ChatGPT in November that many are calling a hotspot. failover for AI. "Generative AI will change business models and the way work is done and, in doing so, reinvent entire industries," said a recent PwC report.

On the other hand, controversy is mounting. In May, AI pioneer Geoffrey Hinton warned that AI could pose a "more urgent" threat than climate change. A month earlier, billionaire Elon Musk and hundreds of others published an open letter calling for a six-month pause on advanced AI work, citing "profound risks to society and humanity." And on May 16, OpenAI CEO Sam Altman told a Senate committee that he favors the creation of a new government licensing body for large-scale AI models. /p>

Phew! Let's catch our breath for a moment. Certainly, artificial intelligence systems are getting smarter at a breakneck pace - able to understand not only text but also images, starting to compete with humans in general tasks and even, as some suggest, starting to approach true intelligence at the human level. As a society, we need to care about where AI is headed, and of course, make sure the technology is safe before deploying it.

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VB Transform 2023 on demand

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At the same time, while some concerns around AI are understandable, the discussion should be rational rather than hysterical. Sometimes it feels like the world is slipping into the latter.

The nonprofit, nonpartisan Center for Data Innovation said it well in a recent report: "Technology and human creativity have long been linked, and fears about the negative impact of new innovations have been exaggerated in the past. For example, earlier innovations in the music industry raised concerns that record albums would make live broadcasts redundant. But "over time, this technological panic and others will have faded as the public has embraced the new technology, markets have adapted, and initial concerns have clearly subsided...

The knowledge economy is dead. Long live the economy of intuition

Access our on-demand library to view VB Transform 2023 sessions. Sign up here

The simultaneous excitement and fear surrounding artificial intelligence (AI) is truly remarkable.

On the one hand, companies and investors are pumping billions into the technology, with interest accelerating since Microsoft-backed OpenAI released the conversational chatbot ChatGPT in November that many are calling a hotspot. failover for AI. "Generative AI will change business models and the way work is done and, in doing so, reinvent entire industries," said a recent PwC report.

On the other hand, controversy is mounting. In May, AI pioneer Geoffrey Hinton warned that AI could pose a "more urgent" threat than climate change. A month earlier, billionaire Elon Musk and hundreds of others published an open letter calling for a six-month pause on advanced AI work, citing "profound risks to society and humanity." And on May 16, OpenAI CEO Sam Altman told a Senate committee that he favors the creation of a new government licensing body for large-scale AI models. /p>

Phew! Let's catch our breath for a moment. Certainly, artificial intelligence systems are getting smarter at a breakneck pace - able to understand not only text but also images, starting to compete with humans in general tasks and even, as some suggest, starting to approach true intelligence at the human level. As a society, we need to care about where AI is headed, and of course, make sure the technology is safe before deploying it.

Event

VB Transform 2023 on demand

Did you miss a session of VB Transform 2023? Sign up to access the on-demand library for all of our featured sessions.

Register now

At the same time, while some concerns around AI are understandable, the discussion should be rational rather than hysterical. Sometimes it feels like the world is slipping into the latter.

The nonprofit, nonpartisan Center for Data Innovation said it well in a recent report: "Technology and human creativity have long been linked, and fears about the negative impact of new innovations have been exaggerated in the past. For example, earlier innovations in the music industry raised concerns that record albums would make live broadcasts redundant. But "over time, this technological panic and others will have faded as the public has embraced the new technology, markets have adapted, and initial concerns have clearly subsided...

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