Eduard Babulak

National Science Foundation | NSF · Research Panelist

Both the US and European Commission (EC) expressed strong interest during the US-EU Trade and Technology Council in late September 2021 in working on a joint study to assess the potential impact of artificial intelligence (AI) on our workforces. The Pittsburgh statement committed to a joint “economic study examining the impact of AI on the future of our workforces, with attention to outcomes in employment, wages, and the dispersion of labor market opportunities. Through this collaborative effort, we intend to inform approaches to AI consistent with an inclusive economic policy that ensures the benefits of technological gains are broadly shared by workers across the wage scale” (White House 2021, European Commission 2021).

source: THE IMPACT OF ARTIFICIAL INTELLIGENCE ON THE FUTURE OF WORKFORCES IN THE EUROPEAN UNION AND THE UNITED STATES OF AMERICA An economic study prepared in response to the US-EU Trade and Technology Council Inaugural Joint Statement

https://www.whitehouse.gov/wp-content/uploads/2022/12/TTC-EC-CEA-AI-Report-12052022-1.pdf

Artificial intelligence could have a significant impact on individuals, businesses, and governments. Here is what countries need to know about the benefits—and the first steps toward realizing them. The long-term potential of AI to change key aspects of the way we live and to support the operation of businesses, governments, and other organizations is hard to grasp. But even today, existing and proven AI applications can potentially create value for economies and societies around the world. Indeed, AI has contributed to improvements in quality of life for all segments of society through innovations such as predictive healthcare, adaptive education, and optimized crisis response.

The National Health Service in the United Kingdom, for instance, set up a National COVID-19 Chest Imaging Database containing a shared library of chest X-rays, CT scans, and MRI images to support the testing and development of AI technologies to treat COVID-19 and a variety of other health conditions. Businesses have seen increased productivity and operational efficiency through the use of autonomous robotics in manufacturing, AI-optimized supply chains, and intelligent cargo routing with autonomous vehicles, among other initiatives. For example, many logistics companies are using AI-powered sorting robots to optimize their warehouse operations. Governments can also harness the power of AI through personalized services and automated processes. Consider Singapore’s “Ask Jamie,” a virtual assistant that helps citizens and businesses navigate government services across roughly 70 government agencies through AI-powered chat and voice.

source: https://www.mckinsey.com/industries/public-sector/our-insights/the-potential-value-of-ai-and-how-governments-could-look-to-capture-it#/

Artificial intelligence (AI) might be the most important technology we ever develop. Ensuring it is safe and used beneficially is one of the best ways we can safeguard the long-term future. Ensuring AI is used to benefit everyone is already a challenge, and it's critical we get it right. As AI becomes more powerful, so does its scope for affecting our economy, politics, and culture. This has the potential to be either extremely good, or extremely bad. On the one hand, AI could help us make advances in science and technology that allow us to tackle the world's most important problems. On the other hand, powerful but out-of-control AI systems ("misaligned AI") could result in disaster for humanity. Given the stakes, working towards beneficial AI is a high-priority cause that we recommend supporting, especially if you care about safeguarding the long-term future.

Why is ensuring beneficial AI important?

We think ensuring beneficial AI is important for three reasons:

What is the potential scale of AI's impact?

In 2019, AI companies attracted roughly $40 billion USD in disclosed investments. This number has increased over the last decade, and is likely to continue growing.

Already the results of these investments are impressive: in 2014, AI was only able to generate blurry, colourless, generic faces. But within just a few years, its synthetic faces became indistinguishable from photographs, as you can see below.

source: https://www.givingwhatwecan.org/cause-areas/long-term-future/artificial-intelligence?gad=1&gclid=EAIaIQobChMIhuX0lN64gQMVT5KDBx3WcwupEAAYAiAAEgJZ5PD_BwE

The third millennium is a beginning of a new era of superfast ubiquitous Internet and computing technologies, which create a foundation for advanced applied research in next generation Ultra-Smart Computational Devices and Fully Automated Cyberspace. Given the current dynamic developments in the field of AI & Robotics, Big Data, Massive Data Storage and Ubiquitous access to highspeed Internet 24/7 for anyone worldwide, the term Smart Cyberspace is becoming well accepted reality. The current advancements in Humanoid Robotics and Robotic Internet, Big Data, AI and Machine Learning, Tele-Medicine, in conjunction with collecting real-time data from the Electronic Health Record (EHR) in the nation and worldwide, as well as collections of antibodies contributes well to community worldwide aspirations to safe human lives and to restart the economies worldwide. The areas of research in the field of robotics that are closely related to the modeling, motion generation, and control of humanoid robots are clarified. Research results in the fields of physics-based animation of articulated figures and the biomechanics of human movement are shown to share a number of common points. In light of currently ongoing developments of Covid-19 crisis, having effective real-time application of Artificial Intelligence & Robotics with the Big Data remotely control via Internet is essential. These are most dramatic times for mankind worldwide, and yet despite of its most negative impact it does also inspire dynamic innovation, research and developments in the world of health, business, government, industry, plus., while promoting seamless creation of multidisciplinary teams of experts in the nation and worldwide. The Journal issue discusses the current and future dynamic trends in research, innovation and developments of cutting-edge technologies, Humanoid Robotics, AI, and smart cyber systems that may contribute effectively to people saving lives, and decision makers in the nation and worldwide.

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The global COVID-19 (coronavirus disease 2019) pandemic, which was caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), has resulted in a significant loss of human life around the world. The SARS-CoV-2 has caused significant problems to medical systems and healthcare facilities due to its unexpected global expansion. Despite all of the efforts, developing effective treatments, diagnostic techniques, and vaccinations for this unique virus is a top priority and takes a long time. However, the foremost step in vaccine development is to identify possible antigens for a vaccine. The traditional method was time taking, but after the breakthrough technology of reverse vaccinology (RV) was introduced in 2000, it drastically lowers the time needed to detect antigens ranging from 5–15 years to 1–2 years. The different RV tools work based on machine learning (ML) and artificial intelligence (AI). Models based on AI and ML have shown promising solutions in accelerating the discovery and optimization of new antivirals or effective vaccine candidates. In the present scenario, AI has been extensively used for drug and vaccine research against SARS-COV-2 therapy discovery. This is more useful for the identification of potential existing drugs with inhibitory human coronavirus by using different datasets. The AI tools and computational approaches have led to speedy research and the development of a vaccine to fight against the coronavirus. Therefore, this paper suggests the role of artificial intelligence in the field of clinical trials of vaccines and clinical practices using different tools.

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Educators don’t need to worry about artificial intelligence taking over their jobs. While AI is becoming a valuable tool for educational professionals, there are many ways computers just can’t replace the human touch in the classroom.

Popular media is full of stories about technology’s potential to replace human workers, including teachers – but the truth is that there is more to teaching than simple knowledge transfer.

Machines can’t replace the human touch that is necessary in our schools that can only be delivered by high-quality educators.

Instead of feeling scared of AI, teachers and educational professionals can look at it as a powerful tool for delivering better, more personalized learning experiences and lifting some of the enormous administrative burden currently placed on educators’ shoulders.

source: https://bernardmarr.com/will-artificial-intelligence-replace-teachers/

Within the technological developments associated with artificial intelligence and mobile communication systems applied to healthcare, chatbots represent a trend that is increasing in popularity as an efficient mechanism that promotes interactions between application users for different sectors, since it provides personalized information and allows interactions in time and a capacity to reach millions of people at the same time. From the patient’s perspective, chatbot technologies as representation of natural language processing, along with deep learning and virtual reality, also referred as cognitive services, have been identified as healthcare drivers by their possibility for the creation of great impact applications on medical and preventive health services.

source: FROM THE EDITED VOLUME

Chatbots - The AI-Driven Front-Line Services for Customers https://www.intechopen.com/online-first/86857

Unstable, uncertain, unpredictable: these are just three of the words that have become shorthands for the past three years in the global economy and world politics. Enterprises in the financial services and insurance (FSI) industry are very familiar with them — painfully so, in many cases. The global economic shock produced by the pandemic, followed by the disruptions to the supply chain caused by the war in Ukraine, have left many firms bracing for an uncertain near-term future and seeking to adapt their business to weather the worst of it.

Many firms have turned to AI solutions, with varying degrees of investment, in order to streamline their processes, improve their forecasting abilities, meet ESG goals, head off the threat of fraud, and align themselves with increasingly stringent regulatory frameworks. Today AI delivers tangible and measurable business results, but as we’ve said before, it is no panacea. AI’s integration into a company’s culture and toolkit is a means of achieving practical and bounded successes that, cumulatively, give firms an edge over their competitors.

At FSI enterprises in 2023, some AI solutions will be prioritized over others. In this blog, we’ll take a look at four of the trends we expect to see driving the AI-adoption strategies in the FSI industry this year.

source: https://blog.dataiku.com/4-trends-ai-financial-services-2023?utm_id=18514858558--145079177994--626263477869--&utm_source=nam-adwords&utm_medium=paid-search&utm_campaign=GLO%20CONTENT%20Google%20Dynamic%20Search%20Ads%202022&gad=1&gclid=EAIaIQobChMIrO_o1teBgAMVahGtBh2c8QC1EAAYAiAAEgJuO_D_BwE

There is a point of view that, even if the advanced economies do all the right things, the world faces a climate catastrophe if change doesn’t happen in emerging nations. Advanced economies are investing heavily in energy transition, while emerging nations are investing only modestly. Mafalda Duarte, the head of the Green Climate Fund, which is supported by the United Nations, said that “if we don’t have investments in developing countries, forget about the climate.” She added that “if the Indias, the Africas, the Indonesias, the Chinas—if they don’t move, then it doesn’t matter what we do in developed countries. It is going to hit the US, it is going to hit Europe, it doesn’t matter.”

source: https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html

Given the current fast advances in the field of the Internet, Computerization, Information Systems, and IT, Digital Transformation has reached a new horizon that opens unlimited opportunities for Future Fully Automated Cyberspace. The current concepts of Smart Computing are being redefined by the dynamic application of AI and ubiquitous access to information which provides a platform for future Business and Personal Virtual Information kiosks. Instead of having all the business and personal information stored on local computational and storage devices, the future Business and Personal Information Kiosk would be available 24/7 from anywhere at any time, providing users with Holographic Multimedia capabilities and simultaneous translation in real-time. Cyber Security will continue to be essential for providing Availability, Authentication, and Data Integrity 24/7 with minimum computational cost. The Book will present a collection of selected papers/chapters that bring to light the most recent advances and future research and innovation direction while creating opportunities to create global multidisciplinary teams of researchers, technology developers, and innovators.

source: https://www.intechopen.com/welcome/337cbdad6648e165c6dce43ae87c3f11

Challenges confronting CISOs are evolving beyond technology, cybersecurity, and controls, as Gartner predictions for 2023 reveal. “By 2025, lack of talent or human failure will be responsible for over half of significant cyber incidents."

How can modern cybersecurity leaders strengthen their programs in the face of these challenges?

“By 2025, the consumerization of AI-enabled fraud will fundamentally change enterprise attack surface driving more outsourcing of enterprise trust and focus on security education and awareness.”

source: https://www.bitsight.com/resources/gartner-predicts-2023-cybersecurity-industry-focuses-human-deal-ppc?utm_adgroup=na_cybersecurity_future&utm_ad=654690441823&utm_matchtype=p&utm_placement=&utm_device=c&utm_network=g&utm_targetid=kwd-354107383424&utm_campaignid=6483867836&utm_adgroupid=123086647561&utm_extensionid=&utm_source=adwords&utm_medium=ppc&utm_campaign=na_cybersecurity&utm_term=future%20of%20cybersecurity&utm_content=gartner_urgency_report&hsa_acc=9761199014&hsa_cam=6483867836&hsa_grp=123086647561&hsa_ad=654690441823&hsa_src=g&hsa_tgt=kwd-354107383424&hsa_kw=future%20of%20cybersecurity&hsa_mt=p&hsa_net=adwords&hsa_ver=3&gad=1&gclid=CjwKCAjwm4ukBhAuEiwA0zQxk9ZYwUknrWE5jowqy__qRTelkoFnWjPwIlZZUVpZFZkOi3GdnUvb9xoCIwcQAvD_BwE