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The past decade has seen increased investment and development in Artificial Intelligence (AI). A modest estimate predicts that the industry will experience 20.1% annual growth, with current forecasts seeing AI tech reach market size. 1394.30 billion by 2029.
Even in 2022 alone, AI funding increased by 24% from Q1 to Q2 of this year, reflecting the current excitement in this area. One of the main reasons for the rapid adoption of AI tech is the sheer flexibility of what can be achieved with advanced AI. While talking robots may be the first thing that comes to mind, this is far from the only thing happening in AI.
Everything from creating AI technologies to automating the workforce stems from artificial intelligence. As more money comes in, the future potential of this technology only seems to grow. Many users view this technological advancement as the first step towards true freedom in the workplace, where AI takes over mandatory work roles, paving the way Universal Basic Income.
While AI and new technologies may replace much of what is done online — whether it’s work, entertainment, or facilitating social interaction — there’s one thing that can’t be replicated. Physical health is something that will always exist without technology. Even when integrated into the real world, being able to get up and move your body is not something that AI can replace or replicate.
Because of this, Web 3 businesses are turning to the Move-To-Earn world to close the gap. In this article, we will explore how AI can change the future of technology. We will also focus on inaccessible areas, showing how Web 3 plans to provide infrastructure for the most technical areas.
How can AI positively impact the world?
Artificial intelligence has begun to apply itself to a range of industries. Everything from finance to healthcare has started to benefit from AI, streamlining workflows and making work easier.
Of course, in our capitalist society, many influential studies focus on the economic potential of AI to replace the workforce. In general, there are three areas where AI is seen as revolutionary:
- Reducing Human Error – In any job where there is a chance of physical injury or death, using AI to automate tasks will lead to the removal of risk. While humans make mistakes, AI does not. Being able to perform tasks perfectly with robots and AI will help reduce risk in the workplace and create a safer world for us to exist in.
- Available Around the Clock -Thanks to labor laws, most countries close the work week with overtime of about 40 hours. People should sleep and should not spend most of their time working. If AI takes over big businesses, it will be able to run 24/7. Instead of working only 8-hour shifts, increased productive working hours will lead businesses around the world to achieve unprecedented success. All over the world, this will completely change our relationship with work.
- Duplication in Activities – Some jobs contain terrible repetition. Repetition not only leads to a high percentage of errors, but is incredibly boring for people to complete. For tasks with repetitive elements, AI can be trained to complete these boring tasks. Apart from the emotional element in AI, these robots can ease the workload of workers around the world and lead to better working conditions for all.
While not an extensive list, these are examples of AI’s tendency to truly change the world for the better.
Is Business AI Perfect?
While much of the writing surrounding AI focuses on the positives, not everything the industry touches is rosy. One of the most controversial applications of AI is within the world of technology. The ability to now type in a sentence and have an AI tool scrape together elements from 1000’s of similar images to create a final composite image is amazing to some and terrifying to others.
Not to mention the major issues of plagiarism in AI technology, many critics see this as a threat to the technology industry as a whole. What takes human artists days or weeks can take AI tools seconds. The ability to produce AI technology without effort undermines the value of the technology itself. Why the jury is still out on this, there is a great chance that AI technology will just become a separate field of technology altogether.
For example, photography was once considered the greatest threat to art as it was known. Fast forward a few years and photography and art are now perfectly situated, respected as completely separate practices. Many innovative areas are already pushing the boundaries of AI technology and what it can achieve.
Recently, the Tezos technical event made a return, showing in Miami between the 1st-3rd of December. Within this event, artists put on an interactive exhibition, using AI technology to produce live art. Accompanying this event is a series of speakers, who bring to light the place of AI within the art world and how artists can make the most of this new technology.
Shows like this pave the way for this conversation, helping to challenge those who see AI as completely disruptive or anti-art.
Another big concern about AI implementation is the sudden loss of jobs. If jobs can be completed faster and more accurately by machine, many businesses will stop paying workers and use technology instead. While this is a concern for many, others suggest that this could be another major reason to include Universal Basic Income in the public sector.
As an unconditional payment given to all citizens of the country, UBI creates a safety net for the people. Without the need to work to pay for things like rent, groceries, and bills, UBI is supposed to help people live happier lives.
A common concern surrounding UBI is that it will make people lazy or discourage them from working. However, this is really a misunderstanding. When Finland ran a UBI study for two years, saw significant improvements in the emotional well-being of test subjects. Furthermore, it has not diminished the desire to work on 2,000 subjects. This has been replicated in many countries, with research going back over 70 years.
In many studies, the UBI received by citizens to meet their basic needs, taking financial pressure. People still wanted to work to have a purpose in life and to bring in extra money to supplement their disposable income. If AI were to take over all jobs, governments could implement UBI to meet the world’s financial needs and make the world a happier place.
The freedom that AI brings to the world could be a turning point in all of human history. AI can free society from work if governments and companies allow it.
Will AI Impact Every Area of Our Lives?
As we’ve shown above, AI has grown exponentially. From dramatically changing the way we work in the workplace to revolutionizing the social system we live in, AI truly has the potential to completely change the world. However, technology cannot solve all the problems we have.
One thing critics of AI and the Metaverse come back to is physical bodies. If everyone spends all day in the spotlight while their bodies are still, we might unwittingly produce Disney’s WALL-E movie. Without an AI solution, some worry that people will forget about their physical health, investing all their time in strenuous activities.
Of course, for some people, this will not be the case. No matter how beautiful and sweeping AI technology is, it will never be able to replace the outside world completely. People still want to get outside, see nature, and interact with the world. With that in mind, Web 3 organizations are looking for ways to integrate physical health into the Metaverse in order to provide a point of contact.
While AI can’t train you, it can help with tracking and monitoring. That’s it Economic sweat enters, users are rewarded with cryptocurrency based on real world exercise tracking.
Sweat Economy was founded all the way back in 2016. Since then, they have signed over 110 million users, which they have brought to the chain and released the SWAT cryptocurrency. For every 1k a user moves, they make a SWEAT brand that they can then issue fiat money, use it in contracts, or put it to work in other Web 3 applications.
The Sweat Economy gets a lot of attention because it actively drives one of the only areas where AI has yet to penetrate. By turning physical health into an on-chain activity, Web 3 technology can be connected to every area of our lives. By creating an open travel economy, users who are not motivated by their physical health will have a second financial support to stay active.
And, for those who are already health nuts, you can generate cryptocurrency by continuing your daily work. Getting SWEAT for movement is a new concept, with the world’s most popular health and fitness app representing a new way to incorporate Web 3 technology.
In a world that can be well controlled by AI everywhere, the Sweat Economy allows users to prioritize their physical health. An inspiring movement and rewarding users for keeping fit, the Sweat Economy seems to be the technology you need as we continue to move towards total digitalization.
The AI industry is, for the most part, a very good technology. At least hopefully, AI can automate many businesses and help reduce the burden on people around the world. At best, AI could be the key to global social change, ushering in an era where people can do whatever they want in their spare time, as all important tasks are automated.
However, AI is not a technology that can do everything. While flexible, this digital technology cannot and will not interfere in influencing our physical health. Experts warn that as AI and virtual environments become commonplace, people will lose their health. To overcome this, Sweat Economy has created a Web 3 program that rewards movement.
As AI advances, the need for economic mobility has never been greater. With millions of customers, the perfect combination of all the Web 3 and fitness worlds, and an intelligent model of rewarding physical activity, Sweat Economy is definitely one to watch. While many of our lives may be connected to AI, their innovations provide a way to maintain control over our physical health while not losing sight of this cutting-edge technology.