International Tax Panorama

“The Age Of AI Has Begun”

Recently Bill Gates just published a 7-page letter about AI & his predictions for its future.

Here’s what you need to know:

Personal AI assistant:

Get ready for a personal AI that knows everything about you, and works seamlessly across all devices

AI copilots is going to be the future. The main way of using a computer is natural language, not just pointing and clicking.

“Soon the pre-AI period will seem as distant as the days when using a computer meant typing at a C:> prompt rather than tapping on a screen.”

AI company agents will absorb knowledge from across the company and sit alongside regular employees.

 AI in health:

AI will rapidly accelerate medical breakthroughs.

AIs will provide triage and health advice in poor countries. Give advice about how to deal with health problems, & decide whether they need to seek treatment.

 AI in education:

Personalized AI tutors will tailor content based on your interests, goals & learning styles.

AI will only ever enhance (not replace) the teacher-student dynamic in the classroom.

 Education will adapt to the rise of tools like ChatGPT.

“I know a lot of teachers are worried that students are using GPT to write their essays. 

Educators are already discussing ways to adapt to the new technology, and I suspect those conversations will continue for quite some time.”

 Risks & problems:

Will AIs develop their own goals that deviate from human goals?

“Then there’s the possibility that AIs will run out of control. Could AI decide that humans are a threat, conclude that its interests are different from ours, or stop caring about us?”

People can use AI for bad as much as they will for good. Governments need to get involved.

We’ve already seen examples of AI models making up fake information.

 Future Principles :

“We should try to balance fears about the downsides of AI—which are understandable and valid—with its ability to improve people’s lives.”

Government and philanthropy need to play a role to reduce inequity in AI.

Finally, we should keep in mind that we’re only at the beginning of what AI can accomplish. Whatever limitations it has today will be gone before we know it.”