The Fear of Artificial Intelligence: Understanding the Concerns of AI Development

Overview
Artificial intelligence (AI) is changing the way that industries operate and how people will communicate, work, and even be creative in the future. The capabilities of intelligent machines are developing at a rate never seen before, from self-driving automobiles to AI-generated art. However, many people are becoming increasingly fearful about the consequences of such rapid technical innovation, in addition to the excitement surrounding AI’s promise. Many people now wonder if humanity can govern the things it is producing due to worries about employment displacement, privacy loss, moral quandaries, and the existential threat posed by AI.

Then why the fear about AI?
Many individuals are concerned about the advancement of artificial intelligence for a number of reasons. The four primary types of these fears are existential, ethical, social, and economic.

1. Economic Concerns and Job Displacement
The effect AI development will have on employment and the economy is one of the most pressing concerns. Automation and artificial intelligence are quickly transforming many businesses, especially those that depend on repetitive work. Industry areas like manufacturing, transportation, customer service, and even healthcare are starting…