I would like to discuss a dilemma between near science fiction predictions of development of AI and grounded practical applications of AI.

First of all, it is completely undeniable that AI is changing our lives and will have a transformative effect on the future. We can argue that humanity has lived through many transformative events over and over again: invention of fire, agriculture, writing, electricity, industrialization, information technologies, so AI can be seen as just one more invention on our part. Now, is AI really just one more invention or something that would absolutely change what it is to be a human as we know it? Is this our last invention?
I just finished reading the book “The Singularity is Nearer”. The book is arguing that we will eventually extend the capabilities of our biological brains and go beyond the limits of our organic bodies. At first we would come up with inventions that would greatly extend and improve our lives (reaching “longevity escape velocity” in mid 30s) and that we will build brain-computer interfaces (think of phones now, AR glasses or something of the like next, brain implants next, nanorobots next, with eventual consciousness upload to the information network). As another book “Homo Deus” (my review) argues – we eventually become god-like and gain the ability to control life and environment and Homo Sapiens go extinct. We might eventually lose our carbon-based existence and just become information.
To my way of thinking, while much of that, like nanorobots repairing our bodies, may sound like science fiction, as long as it doesn’t break the laws of physics I’m on board that it can and may happen.
Now, let’s look at some more practical examples.
This same pattern of hitting a practical limit is not just a historical curiosity because I can see it already happening in the world of AI. Let’s have a look at some examples:
My point is that in many individual fields where AI is applicable we will be reaching the some kind of optimal point between theoretical possibility and practical application. In the process we will be seeing major transformations, like the entire sector of jobs associated with driving will be replaced by self-driving vehicles. There is a good chance this could create socio-economic disruptions and ripple effects. Just imagine, some rich “haves” can give their child superpowers while some poor “have nots” could not afford that. But I agree to the point that this is only “in-transite”, because now people in some poor countries can afford a phone that would be multi-billion worth of technology if this was mid last century.
My own predictions are that:
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