negative effects (with examples):
Bankruptcy of established organizations. E.g. Kodak (digital cameras)
Job Loss (it is taking away unskilled and semi-skilled labour e.g. farm-labour). But it is threatening skilled labour through AI (WebMD, "LawGeex" a leading AI contract review platform, has revealed a new area in which AI outperforms us: Law. Specifically, reviewing Non-Disclosure Agreements (NDAs) and accurately spotting risks within the legal documentation.the AI finished the test with an average accuracy rating of 94 percent, while the lawyers achieved an average of 85 percent. On average, the lawyers took 92 minutes to finish reviewing the contracts. LawGeex’s AI, on the other hand, only needed 26 seconds.
a $20 plug-in on Google SketchUp (a free CAD tool) can extend its functionality to perform structural analysis of buildings.
Don't let's talk about meteorology.
Robots expected to replace 300 million workers worldwide by 2030. Some die-hard fans of innovations claim it is creating more jobs than it is eroding. This is very debatable. But are these net extra job at the coming at the same rate as population growth? Population is rising exponentially and humans are living longer due to advances in medical science. What is the skill level of these jobs? How quickly does the knowledge get outdated?
the irony is by the time people lose their jobs and they have no disposable income, how will they afford the goods that the AI robots are producing.
Unemployment is inexorably linked to high crime rate. More disturbing for developing countries like ours that already has high unemployment rate.
In 2014 the late scientist Stephen Hawking told the BBC that the “development of full artificial intelligence could spell the end of the human race.”