Argumentative

Daniil Tatsenko

English Composition 201

Pro-AI, Kairos

Pro Artificial Intelligence

Artificial intelligence has made large strides in its applications in the last two decades, as the capabilities of our computers have increased exponentially. One of the applications is in the financial field, where large number-crunching happens daily. According to “A comparative survey of artificial intelligence applications in finance: artificial neural networks, expert system and hybrid intelligent systems” by Arash Bahrammirzaee,  there has been an increase in demand for Artificial intelligence technology that can solve non-linear and time-variant problems. That is because the financial market deals with a plethora of variables that are too time consuming to be predicted using existing computing strategies— AI would be able to operate in three major financial domains. Those would be the portfolio management area, the credit evaluation field, and stock predictions. AI’s application in this field would reduce human-made errors, when calculating the large amounts of financial data. The application of Artificial intelligence has also been of great use currently. Artificial intelligence has helped make models on the new, novel, coronavirus. AI has been used by the Chinese government in the form of facial-recognition, in order to track some early patients confirmed to have it in Wuhan. According to “Investigating a Serious Challenge in the Sustainable Development Process: Analysis of Confirmed cases of COVID-19 (New Type of Coronavirus) Through a Binary Classification Using Artificial Intelligence and Regression Analysis,” the model that was created predicted that the relative humidity and the maximum daily temperature affected the daily cases of the virus, the most. The more humid the air was, the more cases there would be on a given day, and the higher the temperature of the day was—the change in new cases was negative. 

Artificial intelligence has been a hot topic of discussion in recent times, due to popular developments. The late Stephen Hawking has expressed his negative opinion over a possibility in developing AI. The point of concern is the “singularity” which is known as the point in time where Artificial intelligence will intercept and overtake human intelligence. Elon Musk, another popular scientist/entrepreneur has expressed his support of AI, although he warns the world that the developments have to be considered cautiously. The film 2014 Ex Machina has explored this topic of singularity, and illustrated why AI is a powerful tool—however it needs to be closely monitored as for it to not get out of control. The film ends on a pessimistic note, but serves as a reminder that the machine may overtake the man (if we are not vigilant enough).

References

1. Pirouz, B., Haghshenas, S. S., Haghshenas, S. S., & Piro, P. (2020). Investigating a Serious Challenge in the Sustainable Development Process: Analysis of Confirmed cases of COVID-19 (New Type of Coronavirus) Through a Binary Classification Using Artificial Intelligence and Regression Analysis. Sustainability, 12(6), 2427. doi: 10.3390/su12062427
2. Bahrammirzaee, A. (2010). A comparative survey of artificial intelligence applications in finance: artificial neural networks, expert system and hybrid intelligent systems. Neural Computing and Applications, 19(8), 1165–1195. doi: 10.1007/s00521-010-0362-z