What business leaders need to know about artificial intelligence (MIT Sloan)

By MIT Sloan

AI isn’t coming for your job — yet. But leaders do need to understand how machine learning, natural language processing, and other intelligence will impact your business. Artificial intelligence dominates the headlines, part promise and part specter, as society grapples with how technology is changing the way we work and live. These are the basics of AI business leaders should get a sense of.

Smart machines can’t necessarily do simple tasks 

Intelligent systems are already in use around the world — robots in warehouses, digital voice assistants in homes, credit risk evaluation programs in banks. These technologies have specialized intelligence capable of performing specific tasks. But artificial intelligence is not yet capable of general intelligence, like the kind humans possess.

Human-level intelligence is many years away, but machine learning is here now

AI with human-level general intelligence — the ability to drive a car, move packages, and win at Jeopardy, for example — is still far from reality, and humans have been misjudging its arrival for decades.

Artificial intelligence will likely change jobs, but it won’t take them all away

Artificial intelligence prompts strong human emotions. The idea that machines will be taking jobs from people is one of the strongest causes for concern. In fact, that anxiety prompted MIT to embark on a multiyear Future of Work study  which found that automation will have a profound effect on how people work but inequality and job loss are not inevitable by products

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