Easy Office
LCI Learning

12 Risks and Dangers of Artificial Intelligence (AI)

Asha Kanta Sharma , Last updated: 01 January 2024  
  Share


AI's potential dangers are increasing as it becomes more sophisticated and widespread. Geoffrey Hinton, the "Godfather of AI," and tech leaders like Elon Musk have urged a pause on large AI experiments. Risks include automation-spurred job loss, deepfakes, privacy violations, algorithmic bias, socioeconomic inequality, market volatility, and uncontrollable self-aware AI.

1. LACK OF AI TRANSPARENCY AND EXPLAINABILITY 

AI transparency and explainability are lacking, causing confusion for users and potential biases. Despite explainable AI, transparency remains a long way from becoming a common practice.

12 Risks and Dangers of Artificial Intelligence (AI)

2. JOB LOSSES DUE TO AI AUTOMATION

AI-powered job automation is a growing concern in industries like marketing, manufacturing, and healthcare. By 2030, up to 30% of hours in the U.S. economy could be automated, with Black and Hispanic employees particularly vulnerable. Goldman Sachs estimates 300 million full-time jobs could be lost to AI automation. As AI becomes smarter, tasks will require fewer humans, and many employees may not have the skills needed for these technical roles.

3. SOCIAL MANIPULATION THROUGH AI ALGORITHMS

Artificial intelligence (AI) is posing a significant threat to social manipulation, particularly in politics. Platforms like TikTok, which rely on AI algorithms, are filled with content related to previous media, raising concerns about their ability to filter out harmful content. Online media and news have become even murkier due to AI-generated images, voice changers, and deepfakes. This creates a nightmare scenario where it's nearly impossible to distinguish between creditable and faulty news, making it difficult to believe what's real and what's not.

4. SOCIAL SURVEILLANCE WITH AI TECHNOLOGY

Ford is concerned about the potential negative impact of AI on privacy and security, particularly in China's use of facial recognition technology. The Chinese government may gather data to monitor activities, relationships, and political views. U.S. police departments use predictive policing algorithms to anticipate crimes, but these algorithms are influenced by arrest rates, disproportionately impacting Black communities. Ford questions whether democracies can resist turning AI into an authoritarian weapon. The question is how much AI invades Western countries and what constraints are put on it.

5. LACK OF DATA PRIVACY USING AI TOOLS

AI chatbots and face filters collect personal data for customization and training purposes, often without user consent. Data may not be secure, as a 2023 ChatGPT bug incident allowed users to see chat history titles. While some US laws protect personal information, there is no explicit federal law protecting citizens from data privacy harm experienced by AI. This raises concerns about the privacy implications of AI-generated data.

6. BIASES DUE TO AI

Princeton computer science professor Olga Russakovsky emphasized that AI bias goes beyond gender and race, affecting data and algorithmic bias. AI is developed by humans, who are inherently biased. The limited experiences of AI creators may explain why speech-recognition AI often fails to understand certain dialects or consider the consequences of chatbot impersonating notorious figures in human history. Developers and businesses should exercise greater care to avoid recreating powerful biases and prejudices that put minority populations at risk.

7. SOCIOECONOMIC INEQUALITY AS A RESULT OF AI

Companies must acknowledge the inherent biases in AI algorithms, such as racial biases and class biases, to ensure their DEI initiatives. AI-powered recruiting may perpetuate discriminatory hiring practices, while job loss due to AI can increase socioeconomic inequality. Blue-collar workers have experienced wage declines of up to 70%, while white-collar workers have remained largely unaffected. It's crucial to account for differences based on race, class, and other categories to understand how AI and automation benefit certain individuals and groups at the expense of others.

8. WEAKENING ETHICS AND GOODWILL BECAUSE OF AI

Technologists, journalists, politicians, and religious leaders are warning about the potential socio-economic pitfalls of AI. Pope Francis warned against AI's ability to circulate tendentious opinions and false data, stating that allowing it to develop without proper oversight could lead to a regression to a form of barbarism. The rapid rise of generative AI tools like ChatGPT and Bard has further fueled these concerns, as many users have used AI to cheat academics, threatening academic integrity and creativity. Some fear that AI will continue to be used for profit, as the mentality is to try and make money off it.

 

9. AUTONOMOUS WEAPONS POWERED BY AI

In 2016, over 30,000 individuals, including AI and robotics researchers, criticized the investment in AI-fueled autonomous weapons, arguing that a global AI arms race is inevitable. The prediction has come to fruition in the form of Lethal Autonomous Weapon Systems, which locate and destroy targets without few regulations. This proliferation has contributed to a tech cold war, with powerful nations contributing to anxieties. Many of these new weapons pose major risks to civilians, but the danger increases when they fall into the wrong hands. Hackers have mastered various types of cyber attacks, making it difficult to imagine a malicious actor infiltrating autonomous weapons and instigating armageddon. Political rivalries and warming tendencies could lead to the worst intentions of artificial intelligence.

10. FINANCIAL CRISES BROUGHT ABOUT BY AI ALGORITHMS

The financial industry's increased acceptance of AI technology in trading processes could lead to a potential financial crisis. AI algorithms, while not influenced by human judgment or emotions, do not consider market contexts, trust, and fear. They make thousands of trades quickly, potentially leading to sudden crashes and extreme market volatility. The 2010 Flash Crash and Knight Capital Flash Crash serve as reminders of the potential consequences of trade-happy algorithms. While AI can help investors make informed decisions, finance organizations must understand their algorithms and consider whether AI raises or lowers their confidence to avoid creating financial chaos.

11. LOSS OF HUMAN INFLUENCE

Overreliance on AI technology could lead to a loss of human influence and functioning in certain sectors. For instance, healthcare use could decrease empathy and reasoning, while creative AI could diminish emotional expression. Overuse could also lead to reduced peer communication and social skills. This raises concerns about the potential to hinder human intelligence and community.

12. UNCONTROLLABLE SELF-AWARE AI

AI's rapid intelligence advancements raise concerns about potential sentience and potential malicious actions. Alleged reports of sentience, such as a chatbot LaMDA, have been reported. As AI progresses towards artificial general intelligence and superintelligence, calls to stop these developments continue to rise.

How to Mitigate the Risks of AI

AI has numerous benefits, such as organizing health data and powering self-driving cars. However, there is a serious danger that AI systems might become smarter and take control. To address this, governments need to develop legal regulations, such as those in the U.S. and EU, to manage the rising sophistication of AI. Organizational AI standards are essential for countries to experiment and keep up with the rest of the world. Businesses can integrate AI into their operations by developing processes for monitoring algorithms, compiling high-quality data, and explaining the findings of AI algorithms. Leaders can also make AI a part of their company culture and discussions by establishing standards to determine acceptable AI technologies. Balancing high-tech innovation with human-centered thinking is ideal for producing responsible AI technology and ensuring the future of AI remains hopeful. AI is also going to be the most important tool in solving the biggest challenges we face.

Join CCI Pro

Published by

Asha Kanta Sharma
(Manager - Finance & Accounts)
Category Professional Resource   Report

  2098 Views

Comments


Related Articles


Loading