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September 2023

Artificial Intelligence – A Boon or A Curse?

By Dr CA Mayur B. Nayak, Editor
Reading Time 7 mins
Today, technology has become an integral part of human life and is causing a major disruption in the world. Among the various technologies, we find the growing use of “Artificial Intelligence” (AI) in almost every sphere of life. AI is based on the assumption that the process of human thought can be mechanised. The study of mechanical — or “formal” — reasoning has a long history. Chinese, Indian and Greek philosophers all developed structured methods of formal deduction in the first millennium BCE1. Thus, the advent of AI is not new. Various types of automation, predictive language while typing, the use of chatbots, target advertising, etc., are different examples in which AI has been used for a long time. English science fiction and action films used to showcase the use of AI as early as the 1960s and 1970s. We are all familiar with various types of robots for ages. They are driven by AI. So, what’s the big deal about it now? The use of AI is not new, but its use, spread and scale in the present times is unprecedented. Today, there are thousands of AI applications available on the internet. There are many generative AI tools available in the market. However, for the present, the invention of a generative AI tool like ChatGPT2 is perceived to be one of the most disruptive AI technologies. It acts like your personal genie. It can write reports, software codes, formulae, essays, do research and do a host of