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Sunday, October 29, 2023

ARTIFICIAL INGELIGENCE (AI) HELPS TO CREATE DOUBT ABOUT ANYTHING AND EVERYTHING

 What harm can AI do?  Let's start with the question, what can AI do?

  • AI can do many things, including putting words into the mouth of anyone, thus it can create false  (fake) videos, at will.  As a result, it can create serious harm for individuals, or companies.
  • It can and probably will create an atmosphere, whereby nobody believes anything.  This can and will shield Governments, and others from any fallout resulting from wrongdoing.
  • It can and most likely will result in more self-censorship.  What a boon for those in authority!

AI, apparently, uses large data sets and applies statistical methods for analysis, from which conclusions are drawn.   It learns from additional data inputs and repeats its algorithm quickly.  Memories flash back when the financial sector employed, high-priced mathematical experts to forecast the performance of hedge-funds, most, if not all, turned into complete failures, causing great monetary losses. https://www.investopedia.com/articles/investing/101515/3-biggest-hedge-fund-scandals.asp

https://www.bloomberg.com/news/articles/2023-03-15/quant-macro-hedge-funds-hit-after-svb-collapse-causes-turmoil?utm_medium=cpc_search&utm_campaign=NB_ENG_DSAXX_DSAXXXXXXXXXX_EVG_XXXX_XXX_Y0469_EN_EN_X_BLOM_GO_SE_XXX_XXXXXXXXXX&gclid=Cj0KCQjwhfipBhCqARIsAH9msbliATFs-XYc7P-I7NHvtreH61v_32NDazHYzf7eJAig-2B1-vQNsUIaAr8nEALw_wcB&gclsrc=aw.ds#xj4y7vzkg

Reuters Graphics

https://www.reuters.com/business/finance/hedge-fund-industry-lost-125-bln-worth-assets-2022-hfr-2023-01-20/ 

 Most, if not all hedge funds are managed, using the latest analytical tools available, now called AI, a new buss-word.  You will notice that these financial weapons lost money, most of the time.  AI will, likely, not be any better; the additional machine learning, will make very little difference, it is just a quicker update of data, that resulted in massive losses of money, in recent history.

"Yes, AI can be used to generate deepfakes, including creating entirely new digital images or videos that do not exist in reality. Deepfakes are produced by training artificial intelligence models, such as generative adversarial networks (GANs), on large datasets of real images or videos."  https://www.quora.com/Can-AI-be-used-whereby-AI-originates-deepfakes-instead-of-manipulating-already-existing-digital-images-videos

 It is said, AI approaches human intelligence, this is not exactly reassuring, since human intelligence is responsible for many catastrophic failures, presently and historically.

2 comments:

  1. Thanks Frank. It's like creating "controversy" about the harms of cigarette smoking. It delayed legislation for 20 years.

    ReplyDelete
  2. "New Jersey student reportedly subject of AI-generated nude photos speaks out"
    Fox News
    https://www.foxnews.com/media/new-jersey-parent-pans-schools-handling-ai-generated-porn-images-featuring-daughters-face

    ReplyDelete