'Bigger than the Industrial Revolution': AI

 'Bigger than the Industrial Revolution': AI

According to a prominent expert, the impact of emerging AI technologies on the global economy is expected to surpass that of the Industrial Revolution.

Within the next ten years, Emad Mostaque, the founder of Stability AI, the creator of Stable Diffusion, a free AI-image generating tool, has suggested that artificial intelligence (AI) will surpass the magnitude of Google and Facebook.

In a recent interview with the BBC, Emad Mostaque expressed his agreement with Sir Patrick Vallance, the UK's former chief scientific advisor, regarding the impact of AI.

Emad Mostaque stated, "By the coming year, this technology will become ubiquitous and transformative. It is reshaping the fabric of society."

Emad Mostaque confidently declared, "In a decade, AI will surpass the scale of Google and Facebook. This is precisely why I agree with Vallance's assertion that it holds greater significance than the Industrial Revolution."

Emad Mostaque supported the increasing demand for AI regulations and emphasized the need for internationally recognized standards to govern the ethical and responsible use of AI in society.

Highlighting the potential risks of AI, Mostaque issued a warning, stating, "If we have uncontrollable agents with advanced automation capabilities, the worst-case scenario is their proliferation and ultimate control over humanity."

Emphasizing the need for caution and swift action, Mostaque expressed, "We must proceed with care and urgency. I firmly believe that the economic impact of AI will surpass that of the pandemic, and it is our responsibility to determine the course it takes."

When questioned about the potential threat to people's jobs, Mostaque acknowledged the seriousness of the issue, stating, "This concern arises with every technological advancement. However, if we look at the example of photography, despite the remarkable photo capabilities of devices like Google Pixel or iPhone, the number of employed photographers has increased. What typically occurs is that certain tasks become more accessible and AI enables us to enhance productivity."

Additionally, referring to research conducted by Goldman Sachs, Mostaque highlighted the potential for AI integration across various sectors of the economy. He noted that this broader implementation of AI has the potential to contribute a significant boost of six to seven percent to the Gross Domestic Product (GDP).