Summer Project By Arjun Banerjee

Hi I am Arjun. This presentation is a part of my summer project at my school for the session 2023-24. I
seek to highlight the cons of the AI systems and other negative changes we would get to see in our society
with the incorporation of AI systems in our daily life and businesses.

Let’s dive in!

Arjun Banerjee
X-B
Roll No. 03
 Introduction

• Job Loss – In general job loss might seem to be the loss of one’s job or any other topic not co-
related to AI in any way. But that is not what we are going to talk about here. We would look on
• Wealth Inequality – Wealth inequality is not
the a new
loss thing
of jobs duethat we implementation
to the are going to witness.
of AI It has been
systems there
in the for as a part of AI ethics
society,
ages. But what we would discuss through this presentation
discussion, and ventureis how the implementation
in detail on what sectorsof ofAI systems
the economywilland
widen
types of jobs that would be
the inequality between the ones with and without
lost or what wealth.
replaced by the
• AI ETHICS - Ethics are a set of rules and regulations defining is good andAInot
systems.
good for society as a
whole. It lays down the rules for what an individual can and cannot do. So, AI ethics is a sub-branch of
Artificial Intelligence study that tells us how ethical the implementation of AI systems be to the society as a Arjun Banerjee
whole and to the entire mankind. X-B
Roll No. 03
 AI ETHICS
• What is ethics for AI systems: AI ethics refers to the study and application of moral
principles and values in the development, deployment, and use of artificial
intelligence systems. It involves considering the potential ethical implications and
impacts of AI technologies on individuals, society, and the environment. AI ethics
seeks to guide the responsible design, implementation, and governance of AI systems,
ensuring they align with ethical standards and promote beneficial outcomes.

• AI ethics addresses various key areas, including:

1. Transparency and Explainability:
1. Encouraging AI systems to provide clear explanations for their decisions and
actions.
2. Ensuring transparency in the algorithms and data used by AI systems to enhance
accountability and trust.
2. Fairness and Bias:
1. Mitigating biases and discrimination that may arise from biased training data or
algorithmic decision-making.
2. Striving for equitable and unbiased outcomes across different demographic groups.
3. Privacy and Data Protection:
1. Respecting individuals' privacy rights and safeguarding their personal data.
2. Implementing robust data protection measures and responsible data management
practices.
4. Accountability and Governance:
1. Establishing mechanisms for accountability, oversight, and responsibility for AI
development and deployment.
2. Promoting ethical standards and guidelines for the use of AI technologies across
organizations and industries.
5. Social Impact and Human Well-being:
Arjun Banerjee
X-B
1. Considering the broader societal implications of AI, including its impact on jobs,
human rights, and social inequalities.
Roll No. 03
2. Prioritizing the well-being and welfare of individuals and communities in AI decision-
making.
 Job Loss
The implementation of AI in various industries and sectors has
significant implications, both positive and negative, including potential
job losses. Here are some key points to consider regarding the impact
of AI on employment:
[Link] of Routine and Repetitive Tasks: AI technologies can
automate repetitive and mundane tasks, leading to increased efficiency and
productivity. However, this automation can result in job displacement for
individuals performing those tasks.
[Link] Transformation: While AI may eliminate certain job roles, it can also
lead to the transformation and creation of new job opportunities. As AI systems
take over routine tasks, humans can focus on more complex and creative tasks
that require critical thinking, problem-solving, and emotional intelligence.
[Link] Requirements and Upskilling: The implementation of AI may require
workers to acquire new skills to adapt to changing job requirements. Upskilling
and retraining programs become crucial to help individuals transition into new
roles and industries where human skills complement AI technologies.
[Link] in Job Market: The job market is likely to experience a shift in demand,
with a higher demand for individuals skilled in AI, data analysis, machine
learning, and related fields. This can lead to a mismatch between available job
opportunities and the skills possessed by the workforce.
[Link] Impact: Job losses or disruptions caused by AI can have
socioeconomic consequences, particularly affecting individuals in certain
industries or demographic groups. It is important to address these impacts
through supportive policies, reskilling initiatives, and measures to reduce
inequalities.
[Link] Job Roles and Industries: The implementation of AI can also lead to Arjun Banerjee
the emergence of new job roles and industries that capitalize on AI technologies.
X-B
These may include AI trainers, data scientists, AI ethicists, and experts in AI
governance and regulation. Roll No. 03
 Wealth inequality

Wealth inequality as discussed earlier is not a new topic and has been there for ages. But let’s take a look at how things are expected to change once the AI
technology is implemented in many if not all spheres of our life. The economically powerful institutions in the world will have the power to initiate, research and
develop the AI that can bring a massive change in the world. Therefore the financial benefits of using the technology will be in the hands of the ones making it,
or the ones already economically powerful. In the last slide we saw that AI is expected to cause a lot of job losses in many sectors of the economy. As a result
the economic benefit once a real employee used to cause to a company, will not be served by the AI (almost free of cost). As a result the company deploying
the technology won’t have to spend a great sum of money of the machine itself, as it had to do to the employee. But if we take a look at things on the
economic side, we would observe that the person who used to get paid for the work will no longer have the work and the payment and the institution spending
the money on the person for the service he would have provided, would now no longer have the need to spend the same amount of money but would also
generate the same if not more amount of finance as he would have done employing a real person. Thus there would be a greater difference between both the
people we talked about. This in turn would create wealth inequality. Hence this is the main logic behind the wealth inequality that would surface up on the
implementation of the AI technology. Let’s take a closer look at this::

[Link] of AI Benefits: The adoption of AI technologies often benefits those with access to resources and capital, leading to an exacerbation
of wealth inequality. Wealthy individuals and large corporations can invest in AI systems, gaining a competitive advantage and accumulating more
wealth.

[Link] Workforce vs. Displaced Workers: AI technologies may lead to the displacement of certain jobs, particularly those involving routine tasks.
This can disproportionately impact low-skilled or less-educated workers who may struggle to find alternative employment opportunities. At the same
time, individuals with the skills to develop, implement, and maintain AI systems may experience increased demand and higher wages, further widening
the wealth gap.

[Link]-Intensive Nature of AI: The development and implementation of AI often require significant financial resources. Smaller businesses or
individuals with limited access to capital may face barriers in adopting and leveraging AI technologies, placing them at a disadvantage in terms of
productivity and market competitiveness.

[Link] of AI Technology and Intellectual Property: The ownership and control of AI technology and intellectual property can significantly
impact wealth distribution. Companies and individuals who hold patents and rights to AI innovations can generate substantial profits and maintain their
competitive edge, further concentrating wealth and economic power.

[Link] Disruptions and Market Concentration: The rise of AI can lead to economic disruptions, particularly in industries heavily reliant on
manual labor. This can result in market consolidation, where a few dominant companies or individuals with AI capabilities control a significant portion of Arjun Banerjee
the market, further contributing to wealth inequality. X-B
Roll No. 03
[Link] and Regulation: Addressing wealth inequality requires effective policies and regulations that promote fairness and inclusivity in the AI-driven
economy. These may include measures such as progressive taxation, wealth redistribution initiatives, ensuring equal access to AI education and training,
 Real world examples

[Link] AND PRODUCTION WORKERS: As AI and automation

technologies continue to advance, there is a potential for job losses in manufacturing
and production industries. Tasks that involve repetitive or routine work, such as
assembly line operations or quality control, can be automated, leading to reduced
reliance on human workers.

[Link] AND DELIVERY DRIVERS: The rise of self-driving vehicles

and delivery drones poses a potential risk to jobs in the transportation and logistics
sector. With advancements in autonomous technology, there may be a decrease in the
demand for human drivers, affecting jobs such as truck drivers, taxi drivers, and
delivery personnel.

[Link] SERVICE REPRESENTATIVES : AI-powered chatbots and virtual

assistants are increasingly being used to handle customer inquiries and support. These
automated systems can handle a significant portion of customer service interactions,
potentially reducing the need for human customer service representatives.

[Link] ENTRY AND ADMINISTRATIVE TASKS: AI technologies can streamline

data entry and administrative tasks through automation and natural language
processing. This may lead to job losses in roles that primarily involve data entry,
document processing, and administrative support.

[Link] WORKERS: The growth of e-commerce and the adoption of AI technologies

in the retail sector can impact jobs in traditional brick-and-mortar stores. With
automated checkout systems, inventory management, and personalized shopping
recommendations, there may be a reduced need for human cashiers, inventory clerks,
and sales associates.

[Link] AND LEGAL PROFESSIONALS: AI-powered algorithms and machine

learning models can analyze vast amounts of data and assist in tasks traditionally
performed by financial and legal professionals. This can lead to changes in job
requirements and potential job losses in areas such as data analysis, document review,
contract management, and legal research.
That’s the end
Thank you