Jack Ma CEO of Alibaba Group recently gave a speech at the World Artificial Summit (2018) that took place in Shangai. Jack Ma gave his say in the increasing applications of Artificial Intelligence and blockchain in the different sectors of the economy, saying new technologies such as AI and Blockchain are useless until properly integrated.

Recent technological innovations have seen enormous efforts in the incorporation of Artificial Intelligence to make the daily lifestyle of people more efficient and fruitful. Executive Chairman of Alibaba Group, Jack Ma gave his detailed thought on AI. According to him,

“Transferring the workload of humans on to machines can not only make the work efficient but will also be more error-free and less time-consuming. Use of AI is the representation of the shift in how we understand our world and even how we define our humanity”.

Jack Ma went on to further explain that these advanced technologies should not be totally left in the hands of those who make and use it. Common people have a hard time understanding complex techs like blockchains, cryptocurrency and Artificial Intelligence and how it benefits them.

He says that these new technologies can empower and help employ the common people and hence should be understood and applied to empower other industries. As per his words,

It is not just any technology, but representative of a shift in the way we understand our world, our future and even how we define our humanity.

Using the example of Fintech technologies he said that new technologies will be frustrating to the masses till they are integrated with the industrial sectors. Artificial Intelligence can never be as efficient as the humans so should be used to its full extent so as to gain the maximum advantage as well as to pave way for future benefits.

Featured Image: AsiaCryptoToday

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