Artificial Intelligence (AI): opportunities and challenges

The book was penned in 2023, shortly after we really started to see a massive boom in the world of generative AI. It’s fascinating to think that those who read these words in the future will gain insights into this period when the generative AI boom was in full swing. This revolutionary change has the potential to alter the course of history, much like the revolution that artificial light’s sharp decline in cost sparked in the early 1800s. When the price of something foundational decreases significantly, the ripple effect can be felt everywhere. The economist William Nordhaus explored this concept when he noted that in the 1800s, it would have cost four hundred times what we pay now for the same amount of light. The subsequent drop in the price of light not only turned night into day but also allowed us to live and work in significant buildings that natural light couldn’t penetrate. Similarly...