Artificial Intelligence: What Can Go Wrong? Examples. Stats. Business Ideas.
What can wrong?
The simple summary is that this is all about unintended consequences. AI systems could inadvertently cause a lot of harm if they pursue goals that are different from the goals of their designers.
Stephen Hawking, Nobel laureate Frank Wilczek, computer scientists Stuart J. Russell and Roman Yampolskiy, and entrepreneurs Elon Musk and Bill Gates have all expressed concern about the risks of superintelligence. Nature warned: “Machines and robots that outperform humans across the board could self-improve beyond our control — and their interests might not align with ours.”
Important Statistic:
McKinsey Global Institute research suggests that by 2030, AI could deliver additional global economic output of $13 trillion per year. But it could also cause enormous damage. This table summarizes many of the unintended consequences to individuals, organizations, and society.
Examples:
For example, social media algorithms were designed to increase engagement and digital news algorithms were designed to increase readership but they could be contributing to political polarization, misinformation, and internet addiction.
If you want some more detail, more examples, and a list of ways you can make money from AI with business ideas that can be started with budgets as low as $100 you need to watch the rest of this video. The link’s in the description.
AI – Safety, Security
There’s some evidence indicating that the algorithms used YouTube seem to direct people to videos that have proven to be highly-engaging but also filled with fake facts or weird outrage or both.
There are a lot of concerns over military drones that operate under AI and without human control because they might harm or even civilians. It goes without saying that the use of Lethal Autonomous Weapon Systems needs to be controlled.
It’s obvious AI can be extremely helpful but it should be deployed with caution and everyone involved with developing AI systems should be educated in the ethics of what they’re doing. In the meantime, there should be standards and accountability – but how will they enforced on a machine. The solution, in my humble opinion, is to make sure that accountability is traced back to a human. This is the only way to incentivize everyone involved to check and recheck what everyone else is doing. This is obviously going to be extremely difficult to put into practice but it should be the objective.
AI can be used maliciously to target individuals or groups of individuals, automate spear-phishing attacks, and create deep fakes. If misused, AI could be used to modify traffic signs; use drones for spying, make assassination attempts, ground flights, and use bots to influence elections.
The more capable the AI systems become, the bigger the potential positive impact and the bigger the potential negative impact.
Of course, the most extreme scenario involves AI systems getting rid of their human operators. That’s a whole other conversation.
Business Ideas
Okay, Let’s talk about business ideas. As I mentioned earlier I’ll talk about business ideas for people with a budget under $100, people with a budget under $1,000, and other ideas for people that have bigger budgets or want to raise capital from investors.
If I mention something that you don’t understand, check out my SE course. It only costs $19 and it has a 7-day free trial so you can get it for free. It will help you start in the least amount of time, with the least amount of effort, with the lowest startup costs.
Let’s start with $100 budget
You all have one valuable thing that costs nothing to create. That’s your opinion. Your unique background gives you a unique perspective on AI. That perspective may not be important to everybody but it will be important to a specific subset of people. That subset is your audience.
The best way to get started with a budget of close to zero is to get your perspective out into the world. If your budget is literally zero, then just start by creating a social media group about the topic. It could be about AI security for business, AI, and ethical issues or a discussion about how regular people can recognize AI systems and how they should interact with them in order to protect themselves. The only thing that matters is that you have a unique insight that justifies a conversation within a specific audience. You can and monetize it with affiliate links. If you don’t know what that means or how to do it, check out my course.
If you want to spend a little bit more time and effort, you can create a blog, podcast, or YouTube channel and use your unique perspective to create content.
If you have subject matter expertise then you can go ahead and create case studies, research reports, and other specialized content and sell it from your website. Keep in mind that you don’t have to be a current industry expert to do this. Publishing the content makes you the expert. You just have to make sure that the quality of your content is high and justifies whatever you’re charging for it.
$1,000 budget
The easiest way to start generating enough revenue from a new business that can replace your full-time job is to offer your services. Hyper growth trends, like the use of AI in business, will create demand for expert advice about how to use AI in an infinite number of applications. You just need to demonstrate your expertise in one or more subsets of the AI world then you can generate consulting revenue.
If you don’t already have the ability to demonstrate your expertise you can do it by creating content about a specific AI topic that will appeal to the audience that you want to target. You can provide the services yourself or outsource them. The only thing you need is a professional website and a solid marketing plan. Keep in mind that 99% of consultants don’t have professional websites or solid marketing plans. If you want to get this right, check out my course. It only costs $19 and it could help you make hundreds of thousands per year so the cost-benefit ratio is obviously in your favor.
The other way you can generate revenue is by creating a course about AI and selling it on your website or third-party marketplaces. I’m not talking about academic courses that compete with Universities. I’m talking about short-form courses that take advantage of your unique knowledge or perspective. You can create courses that target small businesses, big businesses, or governments. You can create courses that target a specific industry, technology, or problem that can be solved with AI. You can create it in the form of text, audio, or video. You can sell it for a one-time payment or sell an ongoing membership. You can create the course yourself or you can outsource it. Some people make tens of thousands of dollars per month in their spare time by doing this. Again, if you don’t know how to do all of this, check out my course.
Bigger budget/raise capital
This table from Mckinsey does a good job of outlining all of the categories of potential errors that can be made by AI systems.
There are three ways to approach them:
Manually: humans review data collection practices, algorithms, and assumptions manually and look for errors that cause problems then correct them.
Semi-autonomous: Create protocols that can be used as a basis by a combination of humans and machines to look for and identify errors then correct them.
Fully autonomous: Create apps that review everything without human involvement.
So, how can the ‘I Imagine’ platform help you?
If you want to generate new business ideas or develop existing ideas, you can use the Idea management platform to crowdsource ideas. It uses a simple problem/solution framework and we believe it’s the most advanced Idea development platform in the world. Just create a listing that states the problem you want to solve then your friends, colleagues, employees, or followers can suggest solutions or comment and vote on solutions from other people. You can use it for product development, community management, or customer feedback. You can create listings for free. In fact, I’ve created some Listings about business ideas for AI. Go ahead and check them out. Links are in the description.
The Referral Platform helps grow your business by creating a referral program and compensate people for referring customers to you. It has the most advanced features in the world for creating and managing your referral program. You can create listings for free.
The Collaboration Platform helps grow your business by cross-promoting your products and services to the customers and followers of other businesses that have a similar target market. You can create listings for free.
The Lifewall is an improvement on Maslow’s Hierarchy of Needs. It breaks life down into 21 interactive elements that allow you to see a big picture graphic representation of all aspects of your life on one screen then use this information to create and manage goals.
The Canvas is like a vision board that includes the goals you created in the Lifewall as well as images of people that are important to you, things you’re passionate about, meaningful quotes, what you’re grateful for. It was designed based on scientific evidence indicating that all of these elements can have a powerful positive impact on your mood, your ability to focus, and your overall mental health. It makes your day more enjoyable and it increases your likelihood of success. The Lifewall and the Canvas are both free.
Finally, I Imagine is also a fully-featured social network that you can use to connect with other entrepreneurs.
Social entrepreneurship is a movement and every movement needs a community. ‘I Imagine’ is that community but, as you can see, it’s a lot more advanced than just being a place for people to chat. So create a free account and join the movement.