Is AI boom over? There may be ‘boom-bust-boom’ curve

Is AI boom over? There may be ‘boom-bust-boom’ curve is profiled by BTW Media because published evidence links it to internet infrastructure, governance, operational dependencies, or market visibility.

• In the “boom – crash – boom” curve of AI, there will be a transition from weak artificial intelligence to strong AI.
• Strong AI is capable of understanding and solving more complex, abstract problems, with cognitive and reasoning abilities closer to human intelligence.

We are currently in the third wave of AI development. In the near future, human society will gradually enter the stage of strong artificial intelligence. Strong AI, also known as Artificial General Intelligence (AGI), refers to machine intelligence that can self-perceive and understand the external world, constantly self-learn new knowledge and achieve self-upgrading.

‘Boom-bust-boom’ curve‌

AI has profoundly changed many aspects of our lives, such as AlphaGo, AI delivery, and food delivery machines. But at the same time, the AI hype has led to a lot of failed investments. Investing in core AI platforms is extremely expensive, and there may end up being a few winners and a lot of losers.

At this point, a variety of professional services will emerge to help businesses use AI to become smarter and leaner, enabling AI to flourish once again.

Most of the companies that went public during the dot-com boom are a distant memory, but the internet has become part of the air we breathe. As a result, says Drew Bernstein , co-founder of Asia Accounting Firm, “AI will have a similar boom-bust-boom curve.” This is also the transition route from weak artificial intelligence to strong artificial intelligence.

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What will happen in stage of strong AI

In the stage of strong AI, intelligent machines, algorithms or systems will have the same ability to learn and understand knowledge as humans, and can think and analyse complex ideas like humans, think, plan, self-learn, and summarise learning through past experience. Strong artificial intelligence can not only replace human physical labor, but also replace mental labor, bringing more serious labor substitution problems to human society.

Machine intelligence can achieve recursive self-ability improvement, and then achieve AI exponential explosion and “intelligence explosion”, and greatly promote scientific and technological progress, nanotechnology and genetic engineering with the help of AI will be rapidly broken through. The material products needed for production and life will be mainly produced by intelligent systems, and humans will also face a “future of less work” while enjoying the improvement of production efficiency and life quality brought by AI.

Implications of shift from weak AI to strong AI

Strong AI is capable of understanding and solving more complex, abstract problems, with cognitive and reasoning abilities closer to human intelligence. This shift means that computer systems can perform more complex tasks in a wider range of fields and tasks, driving the development of scientific research, engineering innovation and commercial applications.

The emergence of strong AI may reshape the existing economic structure and employment situation. They will be able to perform more tasks autonomously, which will increase productivity, but may also have an impact on certain industries and jobs. At the same time, the popularity of strong AI may provide more intelligent services and products, bringing new business opportunities and economic growth points.

The technological advantages of strong AI may become an important factor in competition between countries, affecting global scientific and technological innovation and geopolitical relations. National and corporate investment in AI research and application is likely to shape the future of scientific and technological leadership.