Artificial intelligence (AI) will create new job opportunities, not destroy them. AI will displace some jobs but will create new ones. The main aim of this article is intended to focus the minds of our political and business leaders as they consider what strategies to pursue to grow the economy (GDP), business activity and stimulate job creation whilst also taking into account the growing challenges of the environment with climate change mitigation increasingly on the agenda. Let's start by reviewing the types of AI and where we are now. Narrow AI: the field of AI where the machine is designed to perform a single task and the machine gets very good at performing that particular task.

An influential body of UK policymakers said regulators should stop major tech companies from dominating the field of artificial intelligence, and also warned on the potential of widespread unemployment due the technology. British anti-trust regulators should be mindful that large datasets on which artificial intelligence depends on are not monopolised by a handful of large technology companies, such as Alphabet, IBM and Microsoft, the House of Lords Select Committee on Artificial Intelligence said in a report published Monday. "Large companies which have control over vast quantities of data must be prevented from becoming overly powerful within this landscape," the report, which followed a nine-month inquiry into all aspects of AI development in the UK, said. The committee received 223 pieces of written evidence and interviewed 57 witnesses during the course of the investigation. However, it stopped short in recommending the creation of an overarching new ministry to serve as a watchdog on the emerging technology.

One of the biggest reasons for NVIDIA AAAs ( NVDA) explosive growth in the last few quarters has been the companyAAAs datacenter and auto segments posting solid gains. The additional revenue NVIDIA was able to earn out of these two segments propelled the company to post over 20% growth for the quarter. But where is that growth coming from and how does NVIDIA stand to gain from an evolving tech landscape? To understand that, we need to look into artificial intelligence as a viable industry segment. In an earlier article called " NVIDIA: Where Will Real Growth Originate," I covered a different side of its future growth drivers.