Welcome to the Age of Artificial Intelligence

In the mid-15th century, German inventor Johannes Gutenberg invented the printing press. Over the next two centuries, his invention replaced the church’s near-monopoly on the written word. It led to an ever-increasing spread of knowledge, information, and understanding of history.

Similarly, the development of the steam engine kick-started the Industrial Revolution, changing how people lived forever. Economic growth accelerated, people migrated to cities, and goods became less expensive and standardized.

These breakthroughs were followed by the invention of the telephone in the late 19th century and air travel in the early 20th century. More recently, the development of the micro-computer, the Internet, and modern mobile phones have impacted every aspect of human life.

Each of these breakthroughs profoundly impacted the world and led to a democratization of sorts. The printing press allowed for the spread of information to the masses; The Industrial Revolution allowed people to choose vocations rather than inheriting them; And the telephone and air travel enabled people to communicate and meet with people anywhere in the world.

Artificial Intelligence is a similar watershed technology development that will reshape the world. Large language models like ChatGPT and Google’s Bard will soon be omnipresent. How they impact our world is exciting and daunting.

AI is already everywhere in our society. Students use it to “help” write term papers; forecasters use AI to predict hurricane tracks; software engineers use it to create websites; AI is used in healthcare to diagnose illnesses; and finance is used to detect fraud. Soon, any ask that utilizes a computer will likely be completed, at least in part, by communicating with an AI.

Each of the advancements in technology came with accompanying challenges. For example, there were sweatshops across London during the Industrial Revolution, airplanes were quickly turned into weapons of war, and the Internet was used to target people for nefarious purposes. However, each of these innovations has led to incredible growth in human prosperity, creativity, living conditions, and knowledge. We are confident that AI will do the same.

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Christy & Terry Jaillet

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