Ever since ChatGPT was launched by OpenAI in November 2022, AI has been considered to be a transformative technology somewhat similar to Industrial Revolution (1760-1840). Some go to the extent of saying that superintellligent AI will take over humanity. However, AI researchers at Princeton y beg to differ — they contend that the transformation on account of AI will be a slow process.
AI breakthroughs do happen. That happens with every technology — say Internet. AI is a general purpose technology. Humans would exert control over it. It is based on model training. However, AI has learnt everything it can from internet. In future, AI will have to learn by interacting with people, doing experiments in the real world and by being deployed in the organisations. After enhancing its capability, there will be its adoption. It is called innovation diffusion feedback loop.
In past, electricity and internet have been adopted slowly, and took decades before capabilities translated into economic impact. Diffusion of general purpose technology is slow. It shows over decades.
The impact on society of AI be realised when it is employed in productive sectors of the economy. This requires formulation of suitable policies. Besides every adoption requires different guardrails. The government s cannot curb AI models and should show resilience.
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