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Don’t Fear Artificial Intelligence, Plan for It

Since the 1968 release of the film, 2001: A Space Odyssey, artificial intelligence (AI) has captured our imagination, inspiring both wonder and fear. Chief among those fears? That computers like “HAL” will take control of our lives and eventually replace us.

But this fear obscures the fact that AI does not replace, as much as it augments, human intelligence. With proper oversight in place, AI can be harnessed to drive innovation and competitiveness.

How is AI being used?

Perhaps the best example of how AI is spurring growth is in the health care field. There is a global push to develop vaccines and therapeutics to save lives and end the COVID-19 pandemic such as Operation Warp Speed, a vaccine development program which we are reviewing on a periodic and ongoing basis. In a report issued earlier this year, we found that AI can be used to decrease the time and cost required to bring new drugs to market, a process which traditionally takes 10 to 15 years.

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