CLASS JOURNAL Level 2 - Session 17 FINANCE EDUCATION FOR KIDS OF AGE 8 - 15 CREATED BY IIM CALCUTTA ALUMNI
What is AI? ● Artificial Intelligence (AI) is like teaching a computer to think and learn, just like we use our brains. ● AI helps computers do tasks that people can do, like thinking, seeing, learning, solving puzzles, and making choices. AI can learn how to play games like chess and make decisions, similar to how we learn new games and choose our next moves. AI can "think" about the best moves, similar to how we think about our next steps in a game. AI can even help us with things like Siri and Google Assistant, but it has its limits. It can't write songs or draw pictures the way we can. Types of AI ● Narrow AI: Narrow AI is like a super-smart helper that's really good at specific tasks, such as suggesting movies to watch on Netflix. ● General AI: General AI is like a super-smart robot that can think and understand things like humans. However, it's hard to make because it could change everything in our world. AI Applications Healthcare: AI helps doctors by diagnosing illnesses and personalizing treatments.It improves healthcare using data. Finance:AI looks at lots of financial information to help make good decisions about investing.It simplifies interactions with companies. Transportation:AI enables self-driving cars, making roads safer.It predicts traffic changes for smoother roads. Entertainment: AI watches what we do on streaming platforms and social media, suggesting fun things to watch. It enhances interactive gaming experiences.
Bias in AI Algorithms and its Consequences ● Sometimes AI can learn from old data that has unfair ideas. ● This can make AI treat some people unfairly in areas like jobs or lending. Positive Opportunities of AI ● Healthcare Advancements:AI speeds up medical research, finds better treatments, and customizes them based on a person's genetics. ● Improved Efficiency: AI makes machines work faster and smarter, making jobs easier and saving money for companies. ● Job Displacement:While AI might replace some jobs, people can learn new skills for different ones, like learning new games. ● Cybersecurity Threats:AI's growth means more security is needed to protect it from bad people who might harm or steal information. ● Ethical Concerns:Ensuring AI is fair and follows our rules and values is essential, just like we learn to be good and kind to others. Balancing Human Work and AI Automation ● AI is incredibly smart and can do tasks quickly, like sorting information and making predictions. ● Humans have creativity, empathy, and understanding that AI doesn't. ● We should make AI that respects our values and enhances our abilities. Role of Ongoing Research in AI ● Research in AI helps us learn new things, solve problems, and improve AI. ● Continuously learning about AI helps experts stay updated with all the exciting changes in the AI world.
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