Will AI Take My Job?

min read
One human hand and one robotic hand typing on a laptop.
BetMGM May 18, 2023, 6:02 AM

Artificial Intelligence (AI) is on everyone’s lips and everyone’s screens both at work and at play when enjoying your favorite online casino games. With the recent release of ChatGPT – a chatbot and natural language processing tool driven by AI – people are more excited than ever regarding the power of this type of technology and what the future may hold. But along with this excitement comes a lot of concern, particularly about whether robots and AI will take over the workforce.

According to statistics, 27% of employees are anxious about new innovations and AI taking over jobs in the next five years. Below, we explore what AI is, how it has evolved, its potential impact on the workforce and how it improves the online casino gaming experience.

Are concerns about AI replacing jobs founded? Let’s find out.

What is Artificial Intelligence?

Artificial Intelligence refers to the ability of machines to perform tasks in similar ways to humans. This includes activities such as reasoning, problem-solving, learning and perception. AI can be divided into two categories: narrow AI and general AI.

Narrow AI refers to machines developed with a specific function in mind, such as recognizing faces or driving a car. General AI, on the other hand, can perform any intellectual task that a human can.

AI has evolved significantly in recent years, with advancements in machine learning, deep learning and natural language processing. These technologies enable machines to learn and adapt to new information, making them more efficient and effective at performing tasks.

Should We Be Concerned About AI Taking Over Jobs?

The short answer is “no.”

In fact, research shows that AI will likely be responsible for creating more jobs than those it eliminates. The International Monetary Fund (IMF) estimates that AI and robotics will create 97 million new jobs by 2025.

The reason? In many industries, AI is most effective when used to augment human abilities rather than replace them. For example, in healthcare, AI can be used to assist doctors in diagnosing diseases, but it cannot replace the human touch and empathy that is necessary for providing patient care.

The key is to learn how to work with AI rather than fearing or opposing it. Doing so could result in improved productivity and make it easier for employees to strike that elusive work/life balance.

Concerns About AI Language Modeling

One of the most significant benefits of AI is its ability to automate repetitive tasks, freeing up humans to focus on more complex and creative work. This can lead to increased efficiency and productivity.

But there is a concern about just how human-like AI can be. As such, language modeling is an area of AI currently surrounded by controversy. Language modeling refers to the ability of machines to generate human-like language, often used in natural language processing and chatbots. While this technology has many applications, including improving customer service and accessibility, there are concerns about its potential to spread misinformation.

Luckily, the world’s best cybersecurity experts, governing bodies and data scientists are on a mission to protect and regulate AI, creating software solutions and putting legal regulations in place. As with all technology, AI has both a bright and a dark side.

AI and Online Casino Gaming

Blockchain technology and AI are just two examples of the types of technology responsible for revolutionizing online gambling.

AI, specifically, is being used to:

  •       Improve the user experience and provide more personalized gameplay. For example, AI algorithms can analyze player behavior to provide customized game recommendations and promotions.
  •       Detect fraud and prevent problem gambling. By analyzing player behavior, AI can detect patterns that may indicate problem gambling and provide resources for players who may be struggling.
  •       Develop new games that utilize machine learning algorithms to provide a more immersive and engaging gaming experience. For example, some online casinos are using AI to create games that adapt to the player’s behavior and skill level, making the game more challenging as the player becomes more proficient.
  •       Analyze player data to provide insights into player preferences and behavior. This data can be used to develop new games and features that cater to the specific interests of the player.

The bottom Line

The world is both excited and concerned about the power of AI. It’s important to remember that this type of reaction is normal when it comes to new technology. Did you know that when the bicycle was first invented, people were worried that the face they pulled when straining to pedal up steep hills would become permanent?

Needless to say, nobody is concerned about “bicycle face” anymore. We simply view the bicycle as a helpful (and enjoyable) tool to get things done. No doubt, we’ll all view AI in a similar way soon enough!

Now’s the time not only to ask the question “What jobs will AI replace?” but also “What jobs will AI create?”  

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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.

Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.