Artificial intelligence (AI) is a cause for concern. In a staff discussion note published in mid-January, the International Monetary Fund (IMF) estimates that it will have an impact on almost 60% of jobs in advanced economies. An expert disagrees.
Paris, France Jan 22, 2024 (Issuewire.com) - International Monetary Fund (IMF) estimates that Gen-AI will have an impact on almost 60% of jobs in advanced economies. IMF staff discussion note.
In an interview published in the French business magazine "Challenges", AI expert Kevin Dodelande is less pessimistic, preferring to highlight the benefits of this new tool.Challenges
From sports performance enhancement to financial market prediction, health and food safety, AI has indeed shaped our world over the past 12 months.
Kevin Dodelande: "every invention brings its share of fears, like Gutenberg's invention of the printing press. AI isn't just a futuristic technology; it's a reality that's improving our daily lives. It offers us incredible opportunities to solve complex problems and improve quality of life."
In response to financial industry concerns, Dodelande emphasizes the pivotal role of AI in decision-making and optimizing market operations. He talks about the significant progress that artificial intelligence has brought to trading and investing, especially through tools developed by companies such as iMi. These AI-powered tools can process big data and predict market trends, allowing investors to make informed decisions. Dodelande also explains how Quantum AI provides the ability to identify new resources, ultimately shaping the landscape of investment strategies and business forecasts.
New jobs in management and data analysis
Kevin Dodelande acknowledges the nuanced impact of AI on employment within the financial sector, noting that while certain tasks may be automated, new opportunities are emerging, demanding skillsets focused on AI management, data analysis, and strategic decision-making. Beyond finance, he highlights AI's potential to fuel innovation and efficiency across diverse sectors, such as supply chain optimization, personalized services, and addressing complex environmental challenges, notwithstanding the need to address ethical and socio-economic considerations.
Embracing ethical AI and navigating regulatory landscape
According to Kevin Dodelande "companies need to embrace AI, but in a thoughtful way. That means investing in technology, but also in the skills of their employees."Furthermore, he underscores the significance of ethical considerations and calls for a balanced approach that benefits society at large. Touching upon healthcare and climate challenges, Dodelande emphasizes how AI has revolutionized cancer detection and treatmentCancer detection, and aided in predicting and mitigating the effects of climate change on agricultural productivity.Global food crisis
Anticipating impacts of climate change on agriculture
Looking ahead, Dodelande outlines the promising trajectory of AI, envisioning advancements in automation, personalization, and efficiency while becoming an essential tool for decision-making and innovation. He also highlights the groundbreaking impact of AI in professional sports, citing examples of its integration in predicting player movements and improving training strategies in AI and football, affirming that the potential of AI is far from fully realized.
The interview with Kevin Dodelande leaves little doubt that AI's potential is boundless, transcending industries and offering a glimpse into the vast possibilities yet to be fully realized.
As AI continues to permeate diverse facets of human endeavor, it's evident that careful regulation and ethical considerations are imperative to ensure its responsible and equitable deployment while leveraging its transformative potential.
The future beckons, brimming with the promise of a world where AI not only augments human capabilities but also enriches our existence in ways once deemed unimaginable.
Kevin Dodelande, AI expert and co-founder of IMI, a French start-up that plays a key role in a number of innovative projects
Source :iMi-international Market insights
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