What is artificial intelligence?

LÂM

Artificial intelligence (AI) is the theory and development of computer systems capable of performing
tasks that historically required human intelligence, such as recognizing speech, making decisions, and
identifying patterns. AI is an umbrella term that encompasses a wide variety of technologies,
including machine learning, deep learning, and natural language processing (NLP).

At the simplest level, machine learning uses algorithms trained on data sets to create machine learning
models that allow computer systems to perform tasks like making song recommendations, identifying
the fastest way to travel to a destination, or translating text from one language to another. Some of the
most common examples of AI in use today include:

 ChatGPT: Uses large language models (LLMs) to generate text in response to questions or
comments posed to it.

 Google Translate: Uses deep learning algorithms to translate text from one language to
another.

 Netflix: Uses machine learning algorithms to create personalized recommendation engines for
users based on their previous viewing history.

 Tesla: Uses computer vision to power self-driving features on their cars.

HISTORY OF AI - LINH

Nowadays, Artificial intelligence is increasingly appreciated and widely applied in most industries and
companies. Furthermore, AI has replaced humans in many fields. Is it a positive or negative
development?

The Pros of AI - DUY

There’s no denying there are a lot of benefits to using AI. There’s a reason it’s becoming so popular, and
that’s because the technology in many ways makes our lives better and easier.

Firstly,there will be Fewer errors

Humans are great. Really, we’re awesome. But we’re not perfect. After a few hours in front of a
computer screen, we can get a little tired, a little sloppy. It’s nothing that some lunch, a coffee and a lap
around the block won’t fix, but it happens. These lapses of attention can lead to mistakes. Typing the
wrong number in a mathematical equation, missing out a line of code or in the case of heavy duty
workplaces like factories, bigger mistakes which can lead to injury, or even death. And of course pre-set
machines will not make such errors.

Secondly, AI can Analyze large sets of data in just the blink of an eye.

A properly trained machine learning algorithm can analyze massive amounts of data in a shockingly
small amount of time. We use this capability extensively in our Investment Kits, with our AI looking at a
wide range of historical stock and market performance and volatility data, and comparing this to other
data such as interest rates, oil prices and more.

AI can then pick up patterns in the data and offer predictions for what might happen in the future. It’s a
powerful application that has huge real world implications. From an investment management
standpoint, it’s a game-changer.

The Cons of AI - GIANG

But it’s not all roses. Obviously there are certain downsides to using AI and machine learning to
complete tasks. It doesn’t mean we shouldn’t look to use AI, but it’s important that we understand its
limitations so that we can implement it in the right way.

Lacks creativity

AI bases its decisions on what has happened in the past. By definition then, it's not well suited to coming
up with new or innovative ways to look at problems or situations. Now in many ways, the past is a very
good guide as to what might happen in the future, but it isn’t going to be perfect.

There’s always the potential for a never-before-seen variable which sits outside the range of expected
outcomes.

Because of this, AI works very well for doing the ‘grunt work’ while keeping the overall strategy
decisions and ideas to the human mind.

Reduces employment

We’re on the fence about this one, but it’s probably fair to include it because it’s a common argument
against the use of AI.

Some uses of AI are unlikely to impact human jobs. For example, the image processing AI in new cars
which allows for automatic braking in the event of a potential crash. That’s not replacing a job.

An AI-powered robot assembling those cars in the factory, that probably is taking the place of a human.

As a result, the rate of unemployment can increase drammatically in the future.