AI Series: Part 4
We should not be afraid of Artificial Intelligence
This is the fourth article in my AI series. As I wrote in my first three articles, potential risks and ethical concerns around AI must be acknowledged and addressed. However, responsible AI development and deployment can improve our world and unlock unprecedented possibilities for human progress, creating a better future.
Uses in Healthcare
AI has made significant strides in healthcare, revolutionizing diagnostics and the early detection of diseases. Technology company Aidoc’s AI radiology platform, for example, leverages machine learning algorithms to rapidly and accurately analyze medical images, such as CT scans and X-rays, aiding radiologists in detecting anomalies and making better decisions.
Doctors at Bács-Kiskun County Hospital in Kecskemét, Hungary, have been using this software to detect whether a patient has breast cancer. The Biotechnology company Deep Genomics’ AI platform uses technology to predict susceptibility to genetic diseases with high precision, enabling early interventions and the development of targeted therapies. AI has also facilitated drug discovery and personalized medicine.
Another biotech company, Atomwise, created AtomNet. This AI-based drug discovery platform streamlines the process of identifying and developing new treatments for various diseases identifying potential drug candidates more quickly and cost-effectively. IBM Watson for Oncology uses AI to analyze large amounts of medical literature, clinical trial data, and patient records to create personalized treatment plans for cancer patients. This tailored approach increases the chances of successful outcomes and reduces the risk of adverse side effects. Lastly, AI has expanded the possibilities of remote patient monitoring and telemedicine.
AI-powered wearable devices, such as Apple Watch’s ECG feature, continuously monitor patients’ vital signs and alert healthcare providers to abnormalities. These devices can detect early signs of health issues, promoting timely intervention and potentially saving lives. Telemedicine platforms like Teladoc Health use natural language processing and machine learning to analyze patient data, symptoms, and medical histories to provide personalized recommendations and more accurate diagnoses. This also aids healthcare providers in making informed decisions about treatment plans and follow-up care and improves access to healthcare services, particularly for patients in rural or underserved areas, allowing for more efficient resource allocation within the healthcare system.
In addition to medicine, AI has also significantly contributed to environmental sustainability by enhancing climate change modeling and prediction. For example, Microsoft’s AI for Earth program employs machine learning algorithms to process vast amounts of data from various sources, such as satellite imagery, weather patterns, and historical climate data, to develop more accurate climate models. This program helps researchers better understand the impacts of climate change and informs policymakers in creating effective mitigation strategies.
Google’s DeepMind program uses AI algorithms to analyze real-time data on temperature, energy consumption, and cooling equipment performance at data centers. Optimizing cooling systems and identifying inefficiencies has significantly reduced energy consumption and lowered greenhouse gas emissions, contributing to a more sustainable future. Biodiversity and conservation efforts also increasingly leverage AI to monitor and protect wildlife and ecosystems.
Wild Me’s AI-powered species identification tool, for instance, utilizes machine learning and computer vision techniques to analyze images and videos of wildlife captured by cameras, drones, or citizen scientists. This information helps researchers track animal populations, identify endangered species, and monitor the effectiveness of conservation initiatives.
The use of AI is also prevalent in the field of ecosystem restoration. Mast Reforestation uses AI-assisted drones to efficiently plant seeds, monitor growth, and manage vegetation in areas affected by deforestation or wildfire and to identify optimal planting locations using AI algorithms, considering the terrain, soil quality, and sunlight exposure of an area. The drones are significantly accelerating reforestation and promoting ecosystem recovery, which is especially impactful as over 68 million hectares of humid forest have been lost in the past 20 years.
Not only can AI contribute to bettering our planet’s future, but it can also help future generations of kids learn. Personalized learning experiences have become a reality thanks to adaptive learning platforms like DreamBox Learning and Khan Academy. These platforms utilize AI algorithms to analyze students’ performance, learning styles, and preferences, allowing them to provide customized curricula tailored to each student’s needs. One example of this is Khan Academy’s Khanmingo, a GPT-4-powered chatbot, to which students and teachers can ask questions about homework problems and how to teach topics to students effectively. Khanmigo is such an innovation because they have set up the AI so it does not automatically tell students the answer to their questions but guides them. It makes sure the student is doing the majority of the work.
Khanmigo is such an innovation because they have set up the AI so it does not automatically tell students the answer to their questions but guides them. It makes sure the student is doing the majority of the work.
AI-assisted evaluation tools, such as Turnitin’s AI-powered feedback system, have also significantly improved the assessment of student work. By using machine learning algorithms, Turnitin can detect plagiarism and other issues that compromise the integrity of a student’s work. This technology provides teachers valuable insights into areas where students may require additional support, enabling more effective teaching strategies.
Accessibility and inclusivity in education have also been greatly enhanced through AI-powered assistive technologies. Microsoft’s Immersive Reader, for instance, employs AI to provide a better learning experience for students with learning disabilities or language barriers. The tool offers features such as text-to-speech, real-time translation, and visual aids to help students better comprehend the content and help them reach their full potential.
Effects in the Financial Industry
As AI continues to make significant strides in various sectors, from promoting environmental sustainability to enhancing education, it is also transforming the financial industry. AI-driven market analysis and predictions have revolutionized the financial sector by enabling better forecasting, decision-making, and efficiency.
For instance, Kensho, a software company based on the East Coast, has developed a financial analytics platform that leverages advanced AI algorithms to quickly process complex financial data, such as market movements, economic indicators, and company performance metrics. By automating the analysis process, Kensho’s platform identifies trends, uncovers correlations, and generates actionable insights that would otherwise be difficult or time-consuming for human analysts to deduce. These help investors and analysts make more informed decisions about their investment portfolios, risk management strategies, and market outlooks. As a result, financial professionals can now dedicate more time and resources to value-added tasks, such as devising personalized investment strategies for individual clients or markets. This leads to more effective asset allocation and risk management, ensuring optimal returns for clients while taking on less risk.
AI-driven market analysis and predictions have also improved regulatory compliance, fraud detection, and risk assessment. By rapidly analyzing complex data sets, AI algorithms can identify potential compliance issues, flag suspicious transactions, and assess risks more accurately than manual processes. This increased efficiency protects financial institutions and their clients from potential losses and ensures the financial system’s stability and integrity.
The Future of Work
While AI has improved efficiency and productivity across various industries, it is safe to say that it is not taking over everyone’s jobs just yet. While AI automates repetitive tasks and displaces some jobs, it also creates new opportunities in emerging fields such as data science, machine learning, and AI ethics.
Ultimately, the future of work will be shaped by the symbiotic relationship between human and AI capabilities, with flexibility, adaptability, and long-term learning becoming increasingly important for human success in an AI-driven economy.
By complementing human capabilities, AI systems allow workers to focus on their roles’ creative and strategic aspects. Ultimately, the future of work will be shaped by the symbiotic relationship between human and AI capabilities, with flexibility, adaptability, and long-term learning becoming increasingly important for human success in an AI-driven economy. One example is the automotive industry, where AI-powered robots have been used for years to automate repetitive tasks in assembly lines, such as welding and painting. While this automation has displaced some manual labor jobs, it has also created new roles in robot maintenance, programming, and quality control areas. Additionally, AI-driven analytics have opened opportunities for data scientists and analysts to optimize production processes and supply chain management. As a result, workers can now focus more on innovative design, research and development, and higher-level decision-making.
AI and Culture
AI has proven to be a valuable asset in arts and culture, enriching artistic expression, enhancing creativity, and fostering cultural understanding and preservation rather than replacing artists. By using AI as a creative tool, artists can expand their creative horizons and develop groundbreaking art that pushes the limits of human imagination. One example is artist Stephanie Dinkins’ “Not the Only One” project, which employs AI trained on oral histories from three generations of women in a single family. The AI generates narratives that tell the family’s story and provide insights into African-American history from a first-person perspective. This innovative approach demonstrates how AI can be harnessed to create meaningful and culturally relevant art that educates and inspires.
AI has also played a pivotal role in cultural understanding and preservation. AI-assisted cultural heritage conservation, as exemplified by the RePAIR project, led by the Italian Institute of Technology working to restore Pompeii, involves the use of advanced artificial intelligence techniques, such as machine learning, computer vision, and natural language processing, to analyze, repair, and maintain historical artifacts, monuments, and sites. By leveraging these technologies, experts in conservation can more accurately and efficiently identify the damage, predict deterioration, and develop targeted preservation strategies, which ultimately help safeguard our collective cultural heritage for future generations to study, enjoy, and be inspired by.
By using AI as a creative tool, artists can expand their creative horizons and develop groundbreaking art that pushes the limits of human imagination.
Conclusion: An Opportunity
Artificial intelligence should not be feared but instead embraced responsibly, as it has the potential to bring about remarkable advancements in various aspects of our lives. From revolutionizing healthcare and promoting environmental sustainability to enhancing education and transforming the financial industry, AI continues to unlock new possibilities for human progress. AI’s impact on the future of work, arts, and culture demonstrates its potential to complement human capabilities, enriching our lives and fostering cultural understanding and preservation.