Why you should embrace AI progress despite its dark side

Hello, reader.

Choose your metaphor…

The horse is out of the barn. That ship has sailed. The cat is out of the bag. You can’t crack an egg. You can’t put the toothpaste back in the tube.

Each of these metaphors conveys a distinct message: it cannot go back to the way things were.

This is the exact message that describes the emergence of artificial intelligence technologies.

And it is especially impossible to call back AI due to its rapid technological process. For example, since its launch less than a year ago, Alphabet Inc.his (GOOGLE) The Gemini AI chatbot has undergone numerous updates, each one more interesting and capable than the last.

In fact, code discovered in a recent analysis of Google Photo 7.1 software hinted at an upcoming AI-based feature: Gemini built-in narration.

This feature can analyze your photos, recognize people, places, and events, and generate custom narratives for your Memories slideshows. This is a great example of how AI is improving our everyday experiences in ways we couldn’t have imagined a few years ago.

AI has entered a limitless, ever-expanding universe of possibilities. And these possibilities include both creative and destructive powers.

So, in today’s Smart moneywe’ll dive into the expansive nature of AI and why you should embrace its trial and error process.

Then, I’ll share with you how you can be sure to stay on the good side of this ever-evolving technology.

AI growing pains

Many people want to slap the AI ​​in some way, to prevent any unintended harm. They seem to believe that a controlled AI could be tamed and trained to perform only beneficial tasks.

These efforts, while well intentioned, are likely to fail.

Like technologies of the past, AI will overwhelm all attempts to slow its progress. It will establish new rules that may or may not conform to the restrictions that its future masters wish to impose on it.

In other words, trying to block technological progress is often futile, even when that progress causes both harm and benefit.

Even a technology as benign as refrigeration causes, or at least enables, a certain amount of harm. Yes, a refrigerator can store food that would otherwise spoil, but it can also fuel bad behavior that CAUSE perishable food.

The “problem” with any technology is often the user, not the technology itself. In the hands of humans, most technologies have a split personality.

Gemini, to refer to AI, faced its own unintended consequences. In early February, Google introduced a new AI image generator through Gemini, which allowed users to create custom images by entering a prompt.

The tool quickly came under fire from social media, politicians and just about everywhere else for depicting historical inaccuracies such as the racially diverse Vikings and America’s founding fathers.

Google responded in a post on X that the tool can “generate a wide range of people. And that’s generally a good thing because people all over the world are using it.” However, the company also admitted that the creator of the image is “missing the mark here.”

Google cut off Gemini’s ability to generate human images at that point. Last month, however, the company announced that the feature would be available with restrictions and new security measures.

So, as Gemini serves as a prime example, the key to AI development is a balanced perspective. While we must be vigilant about potential misuse and work to mitigate the risks, we should also accept that AI has incredible potential for innovation and advancement.

The potential for transformation

Focusing solely on the risks of AI ignores the tremendous transformative impact AI is having across sectors.

In the health sector, for example, Pfizer Inc. (FE) uses AI to streamline the clinical development of its drugs. This will shorten time to market and extract deeper insights from clinical data. Underscoring this commitment, the company named a new Chief AI and Analytics Officer in August.

In addition, a healthcare company that I recommend in myself Fry’s Investment Report the service uses AI to speed up protein degradation. By recognizing patterns and revealing proteins involved in disease, AI and machine learning are helping scientists with unprecedented predictive capabilities. This technology is helping to identify new disease targets, develop new degrading drugs faster, and accelerate the delivery of new treatments.

When it comes to AI, we can’t fight progress…and I don’t think we should. Instead, we must anticipate both the creative potential of AI and its possible pitfalls.

Is there a dark side to AI? Absolutely, especially for companies that are in the crosshairs of AI destruction. But is there also an upside to this emerging technology and the companies that use it? Unequivocally, yes.

Similarly, every investment you make — whether it’s in an AI-focused company or an AI-only industry — has two sides.

Every investment (hopefully) has the potential to be hugely successful… but they can also fail us.

That’s why for every share or fund you buy, you must have a solid exit strategy straight away. Something based on math and data, not emotion.

That’s why I want to turn your attention to a discussion which I had last night. I sat down with a special guest who revealed a powerful tool that can help you determine the optimal time to sell those stocks that reveal the “dark side.”

You can watch our video conversation now.

We’ve got you a 90-day trial, but you have to act before September 30th.

Sincerely,

Eric Fry

Editor, Smart money