There are basically three big questions about artificial intelligence and its impact on the economy: What can it do? Where is it headed? And how fast will it spread?
Three new reports combine to suggest these answers: It can probably do less right now than people may think. But it eventually will do more than people probably think, in more places than probably thought of, and will probably evolve faster than powerful technologies have in the past.
This bundle of research is itself a sign of the artificial-intelligence boom. Researchers across disciplines are scrambling to understand the likely trajectory, reach and influence of the technology -- already finding its way into things like self-driving cars and image recognition online -- in all its dimensions. Doing so raises a host of challenges of definition and measurement, because the field is moving quickly -- and because companies are branding things as artificial intelligence for marketing purposes.
An "AI Index," created by researchers at Stanford University, Massachusetts Institute of Technology and other organizations, released Thursday, tracks developments in artificial intelligence by measuring aspects like technical progress, investment, research citations and university enrollments. The goal of the project is to collect, curate and continually update data to better inform scientists, businesspeople, policymakers and the public.
The McKinsey Global Institute published a report Wednesday about automation and jobs, sketching out different paths the technology might take and its effect on workers, by job category in several countries. One finding: Up to one third of the U.S. workforce will have to switch to new occupations by 2030, in about a dozen years.
And in an article published in November by the National Bureau of Economic Research, economists from MIT and the University of Chicago suggest an answer to the puzzle of why all the research and investment in artificial-intelligence technology have had little effect on productivity.
Each of the three research initiatives has a somewhat different focus. But two common themes emerge from the reports and interviews with their authors.
• Technology itself is only one ingredient in determining the trajectory of artificial intelligence and its influence. Economics, government policy and social attitudes will play major roles as well.
• Historical patterns of adoption of major technologies, from electricity to computers, are likely to hold true for artificial intelligence. But if the pattern is similar, the pace may not be. And if it is much faster, as many researchers predict, the social consequences could be far more wrenching than in past transitions.
The AI Index grew out of the One Hundred Year Study on Artificial Intelligence, a Stanford-based project begun in 2014 by experts in the technology. The study group, mainly scientists, seeks to broaden understanding of artificial intelligence and thus increase the odds society will be benefit from the technology.
The group initially was going to publish major studies every five years. But given the speed of progress and investment, the five-year interval "seemed way too slow," said Yoav Shoham, a professor emeritus at Stanford and chairman of the steering committee for the AI Index.
The new index is not a single number, but a series of charts and graphs that track over time trends related to the technology. They include measures like the rate of improvement in image identification and speech recognition, as well as startup activity and job openings. There are also short essays by artificial-intelligence experts.
Some of the charts showing the progress of the technology are telling. Image and speech recognition programs, for example, have matched or surpassed human capabilities in just the past year or two.
But artificial-intelligence experts warn that gains in specific tasks or game-playing proficiency are still a far cry from general intelligence. A child, for example, knows that a water glass tipping on the edge of a table will most likely fall to the floor and spill the water. He understands the physics of everyday life in a way artificial-intelligence programs do not yet.
"The public thinks we know how to do far more than we do now," said Raymond Perrault, a scientist at SRI International, who worked on the index.
The current AI Index, Shoham said, is "very much a first step." The group is seeking contributions of data and comments from academic and corporate researchers around the world. The idea, he said, is to create "a living index" that details as many measurable dimensions of the field as possible, including the social impact.
The McKinsey automation-and-jobs report captures the uncertainty surrounding artificial intelligence and its coming effect on labor markets. Its projection of the number of Americans who will have to find new occupations by 2030 ranges from 16 million to 54 million -- depending on the pace of technology adoption.
The faster the technology advances, the greater the challenge. McKinsey's upper-range projection of 54 million suggests a more rapid transformation than in previous waves of change in the workforce, when employment migrated from farms to factories and later from manufacturing to services.
Business on 12/01/2017
Print Headline: Artificial intelligence next tech act