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Artificial intelligence

Artificial intelligence — Who is responsible for the outcomes?

Artificial intelligence (AI) is playing an ever-increasing role in our modern world, but as the technology progresses and becomes ever-more complex and autonomous, it also becomes harder to understand how it works.

Actually, most people have very little knowledge of how artificial intelligence works, or for that matter, how broadly it is used in everything from daily financial transactions to determining your credit score.

Take the stock market, for example. Only a tiny amount of trading on Wall Street is carried out by human beings. The overwhelming majority of trading is algorithmic in nature. It’s preprogrammed so that if the price of soybeans or oil goes down, all kinds of additional steps will take place.

And that is the whole point of using artificial intelligence algorithms – everything goes so fast, thousands of seconds faster than the human mind can calculate. The problem with this is that AI still has a long way to go before it becomes the pervasive force that has been promised, and this begs the question – Should we put our trust in it?

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