Bahir Dar Institute of Technology

Faculty of Computing
Introduction to Artificial Intelligence Group Assignment
Assignment (30%)
Write a document about the following ideas. Max Pages = 7, Min Pages = 3 (Times new roman,
font size 12 and Line Spacing 1.15)

1 .Write your general understanding of what AI is? (with your own words/ no definitions)
2 .Find out local problems that can be solved with help of AI and how they can be
I mplemented(steps and methodologies)? (Unique for each group)

3.List at least 5 Risks of AI for Developing countries at the time being?

RISKS OF ARTIFICIAL INTELLIGENCE

 Automation-spurred job loss
 Privacy violations
 'Deepfakes'
 Algorithmic bias caused by bad data
 Socioeconomic inequality
 Market volatility
 Weapons automatization

THE IMMEDIATE RISK: JOB AUTOMATION

Job automation is generally viewed as the most immediate concern. It’s no
longer a matter of if AI will replace certain types of jobs, but to what degree.
perform predictable and repetitive tasks — disruption is well underway. to a
“high exposure” to automation, meaning their tasks — ranging from retail
sales and market analysis to hospitality and warehouse labor — will be done
using AI.
PRIVACY, SECURITY AND THE RISE OF
'DEEPFAKES' 
the most pressing issue related to AI disruption, it’s merely one among many
potential risks. “The Malicious Use of Artificial Intelligence: Forecasting,
Prevention, and Mitigation, enumerated a host of other dangers that could
cause serious harm — or, at minimum, sow minor chaos — in less than five
years
“Malicious use of AI,” “could threaten digital security, physical security, and
political security

AI BIAS AND WIDENING SOCIO-

ECONOMIC INEQUALITY
Widening socioeconomic inequality sparked by AI-driven job loss is another
cause for concern. Along with education, work has long been a driver of
social mobility. Repetitive kind that’s prone to AI takeover higher-level
positions that have more money.
“The mentality is, ‘If we can do it, we should try it; let’s see what happens,”
he added. “‘And if we can make money off it, we’ll do a whole bunch of it.’
But that’s not unique to technology. That’s been happening forever.’”
STOCK MARKET INSTABILITY CAUSED BY
ALGORITHMIC HIGH FREQUENCY TRADING 
What is algorithmic trading? This type of trading occurs when a computer,
unencumbered by the instincts or emotions that could cloud a human’s
judgment, execute trades based off of pre-programmed instructions. These
computers can make extremely high-volume, high-frequency and high-value
trades that can lead to big losses and extreme market volatility. Algorithmic
High-Frequency Trading (HFT) is proving to be a huge risk factor in our
markets

Mitigating the  risks of AI

Ford agrees with a caveat. Regulation of AI implementation is fine,
“You regulate the way AI is used,” he said, “but you don’t hold back
progress in basic technology. I think that would be wrong-headed and
potentially dangerous.”

Because any country that lags in AI development is at a distinct disadvantage

militarily, socially and economically. The solution, Ford continued, is
selective application:

“
 4. Write at least 3 application areas of AI in Ethiopia with Examples?

1. Ethiopia embracing Artificial Intelligence perts in the field of Artificial

Intelligence (AI) say that a dynamic environment need to be set up to leverage the sector as
yet another contributor to the ongoing sustainable development. According to some, the AI
sector is burgeoning in Ethiopia, with various reports indicating that the country ...

2. Artificial Intelligence and its Application in Different Areas

it has enhanced the human life in many areas. Artificial intelligence in the last two decades has
greatly improved performance of the manufacturing and service systems. Study in
the area of artificial intelligence has given rise to the rapidly growing technology known as expert
system. Application areas of Artificial Intelligence is having a ...
3. Applications of AI - Real Life Use Cases in Different
Sectors .. price trend is analyzed on the basis of the recorded data on each route. So,
you get notifications of when to book your flight. Book it at the right time and at the right
price and sa