THE ICFAI UNIVERSITY, TRIPURA
DEPARTMENT OF COMPUTER APPLICATION
TOPIC:- ARTIFICIAL INTELLIGENCE: CHALLENGES AND
RISKS IN THE MODERN ERA
SUBJECT:- DIGITAL ELECTRONICS AND MICROPROCESSOR
CODE:- ES209 COURSE:- BCA
YEAR:- 3RD SEMESTER:- 2ND
NAMES:-
SOURADIP DAS (22IUT0030029)
DINESH CHAKMA (22IUT0030031)
BAITHANG DEBBARMA (22IUT0030032)
SWARUP BHOWMIK (22IUT0030033)
PULAK KARMAKAR (22IUT0030034)
AMBIKA PAUL (22IUT0030035)
……………………………………………
SIGN OF COURSE-IN-CHARGE
Artificial Intelligence: Challenges
and Risks in the Modern Era
Introduction
AI has brought changes to key industries across the globe,
such as the economy, human interaction, and even the day to
day population activities. AI has grown to have applications in
healthcare, finance, education, and entertainment. While AI
do boast exceptional opportunities, bringing it’s technologies
to market faces many challenges and risks that require
immediate solutions. In this report, we will delve into the most
prominent issues concerning AI today from the perspectives of
ethics, social sciences, economy, environment, and
governance.
Ethical and Privacy Concerns
AI technologies are built using enormous datasets which
pose a serious risk to an individual’s privacy. An individual’s
data is collected, stored, and analyzed with very little consent
or control through AI-enabled systems. Additionally, AI
systems can have derogatory imprints of the data they are
trained on which can result in discrimination in employment,
policing, and even granting loans. The absence of openness
about the workings of numerous AI technologies most
commonly known as the ‘black box’ issue make it impossible
to render these systems accessible and therefore negating the
fairness and responsibility focus.
Socioeconomic Impacts
The application of AI technologies in different industries
is automating jobs at an increasing rate, particularly in areas
associated with monotonous work. Although AI offers
opportunities for increased productivity and new jobs, it also
threatens longstanding forms of employment, especially at the
lower skill levels. If proper upskilling programs and inclusive
growth policies are not adopted, this scenario may worsen
existing social economic gaps. Furthermore, the use of AI to
make business decisions is also capable of changing the
customers’ purchase and consumption patterns and the
overall market, which is associated with concerns of
exploitation and monopoly.
Security and Misinformation
AI is a double-edged sword for security. And on the
other, it improves cyber-security with threat detection and
anomaly analysis. It also allows for advanced cyberattacks,
such as automated hacking tools and AI-based phishing
campaigns, however. Additionally, the proliferation of
deepfakes and AI-generated misinformation threatens public
trust, democracy, and social cohesion. They can be
weaponized to disseminate misinformation, sway public
opinion, and stir social discord.
Governance and Environmental Considerations
One of the issues AI technology is still working on is the
absence of laws and policies to manage its practitoners and
developers. Oftentimes laws come well after the actual
technology has developed which is problematic both legally
and morally. There must be global rules that deal with the
fairness, safety, and honesty of AI.
Also, AI’s impact on the environment is a relatively newer
worry. A tremendous amount of energy goes into the creation
of AI models; all that energy expenditure emits a lot of carbon
dioxide, and the resources consumed are not limitless. This
would mean the builders of AI technologies have a
responsibility to stave off the damage by embracing
sustainable practices, especially when it comes to the
algorithms used.
Conclusion
The use of Artificial Intelligence has the potential to
drastically improve our lives and efficiently tackle intricate
issues. Despite this, we must employ a more active approach
towards the risks in disparate areas it poses in order to reap
the full benefits we desire. Equitable access, robust
governance, ethical design, and environmental sustainability
of AI systems pose as challenges to society on multiple fronts,
going beyond technological constraints. Through innovation
this responsibly designed technology has the ability to create
a future that benefits humankind while safeguarding our
values and security.
