Given that artificial intelligence (AI) is the new buzzword for high-growth industries in recent years, I thought it would be interesting to dig deeper to discover what’s in store in the coming years in terms of innovations and trends. Interestingly, I discovered that there are actually three categories of AI, and the world is currently dealing with just the first one.
For those who feel that AI is pretty advanced now, the good news is that there is still a significant runway for the technology to improve further. It is still early days in terms of recognising the potential for AI, and with further advancements in the years to come, all of us can look forward to more amazing inventions and contraptions. There is, of course, also the risk of AI becoming “too smart for its own good.”
So, let’s have a brief look at the three types of AI and what they mean for us.
Artificial narrow intelligence (ANI)
ANI represents where we are today, and is also known as “weak AI.” This form of AI represents machines that only specialise in one area and forms the basic concept for AI. Some examples of this would be speech recognition and voice assistants, where the software can only specialise in doing one task very well.
Artificial general intelligence (AGI)
AGI refers to machines whose smartness or “intelligence” could be applied to do various tasks, as well as learn and improve upon itself. Comparatively, such technology can be considered as intelligent as the human brain, which is able to process different activities and tasks and can also learn from them over time. This represents AI that can learn a broad range of tasks rather than just specialising and focusing on one task. Research is being carried out to achieve AGI, but it hasn’t been attained yet.
Artificial super intelligence (ASI)
ASI is considered the “Holy Grail” of AI, where machines would be able to perform better than humans and surpass them in almost every field. This type of super intelligence is able to think up abstractions and come up with insights impossible for the human brain to fathom. If this is ever achieved, it would also raise the question of whether machines would eventually “overthrow” humans, as they would be deemed to be superior in every sense of the word.
The Foolish takeaway
AI holds good promise for the future, and we will be able to make use of it to enhance many aspects of our lives, from transportation to medicine. However, controls should be in place to ensure the technology does not fall into the wrong hands, and that machines always remain firmly under the control of their human “masters.”
Motley Fool Singapore believes the Artificial Intelligence mega-trend is one investors can NOT afford to miss out on. We think it has the potential to be bigger than the Internet, with the AI industry set to be worth US$5.8 trillion per year to the global economy. Click here now to find out more about a collection of AI stocks that are taking the lead and how they could supercharge your investment returns.
The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.