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Writer's pictureJames Dean

Artificial Intelligence (AI) Impact on Human Living Standards, Quality of Life, and Economic Growth

Updated: Sep 29

Artificial Intelligence (AI) is set to revolutionize our lives, work, and interactions with the world. Already, AI has significantly enhanced human living standards, quality of life, and economic growth. Its impact ranges from increased productivity and innovation in the workplace to transformative changes in the labor market and economic output. Notably, AI has achieved a milestone by passing the "Turing Test" with an estimated IQ of around 105, demonstrating near-seamless interaction with humans. In 2023 the Turing Test study by the University of San Diego revealed that 500 participants were unable to distinguish between AI and human interactions 54% of the time. This achievement signifies AI's remarkable ability to emulate human cognition, marking a pivotal advancement comparable to the invention of the Internet, the wheel, and the airplane.

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