Facebook Chatbot Experiment Poses Ramifications, But is it too late to Scale Back Global AI Market?

While new concerns have been raised about machine learning in AI, the global AI market is too lucrative for companies to simply start withdrawing investments

Just a few days after Tesla CEO Elon Musk said that artificial intelligence (AI) was the biggest risk to humanity, Facebook shut down one of its AI systems after they figured out that the chatbots had started conversing in their own language, in defiance of their coding. TechSci Research aims to point out the main drivers and challenges as well as discuss the current overall situation of the global AI market.

Musk vs. Zuckerberg: The Pros and Cons of AI

The incident came after two bona fide giants of the global AI market, Elon Musk and Mark Zuckerberg castigated each other over their lack of understanding of the subject. Zuckerberg, during a Facebook livestream earlier this month, criticized Musk for arguing that care and regulation was needed to safeguard the future if AI becomes mainstream. Musk tweeted that Zuckerberg’s knowledge of the subject was “limited”. Both represent two sides of the same coin, one anxious and the other hopeful, of the global AI market.

The crux of the argument between the two about the global AI market is machine learning. While Zuckerberg is convinced about the bona fide elements of AI, like improved medical diagnostics, Musk is afraid of the mala fide elements, like riot prediction software police could use to justify cracking down on protests.

Global AI Market: Is it too big to Fail?

Be that as it may, experts at TechSci believe that AI development is already past the point of no return. As per TechSci Research report “Global Artificial Intelligence Market, 2012 – 2022” various applications of AI such as image recognition, natural language processing, speech recognition, gesture control, etc. are too important to remove. The global AI market operates in sectors such as Consumer Electronics, BFSI, Transportation, Healthcare, Defense & Security, etc. and some of the biggest companies in the world, including Google, Apple, IBM, Microsoft, Amazon etc. are investing time and money in this regard. As per TechSci Research estimates, the global AI market is set to grow at a CAGR of over 60% till 2022, which males the industry too big to simply shut down.

Given that the potential benefits of AI have been too many, and the negatives have been too few as of now, it wouldn’t make sense for leading companies to shut down their operations simply because of some basic concerns (which remain abstract at this point) about machine learning. However, perhaps a dose of caution would now be injected into how people view the global AI market, given that people expect more transparency from tech giants in this regard.

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