ABSTRACT
The surprising truth is, the Artificial Intelligence (AI) revolution has hardly begun. The exponential growth in the capability of AI is likely to bring about two 'singularities', a term borrowed from maths and physics, where it means a point at which conditions are so extreme that the normal rules break down. The first is the economic singularity, when machines render many of us unemployable and people need a new economic system. The second is the technological singularity, when people create a machine with all the cognitive abilities of an adult human, which quickly becomes a superintelligence, and humans become the second smartest species on the planet. There are many other causes for concern about AI, including privacy, transparency, security, bias, inequality, isolation, oligopoly, killer robots and algocracy. The good news is that there are several organisations dedicated to meeting the challenges posed by the technological singularity.
