Should We Be Afraid of AI?

Is AI something to fear? Recently major names in the technology industry have been talking about why the potential applications of artificial intelligence could be something we should be worried about. Their argument comes from two different places. One the one hand, they see AI as one of the most fundamental transformative technologies that we have ever seen in the history of mankind, and on the other hand, that transformative power is something we should be scared of and be wary about. If AI is transformative, then it has the power to be transformative both for good reasons as well as bad.