Over the past few decades, Artificial Intelligence (AI) has become increasingly integrated into our day-to-day lives. The most recent surge in AI-related technologies has led many to wonder what their lives might look like in the future as AI continues to become more prevalent.

Since, the dawn of the 21st century, we’ve seen the development of intelligent algorithms that have formed the basis for Facebook, Google, and other social media platforms and search engines. They have learned to cultivate answers to queries based on your preferences and regional interests. 

As AI has progressed, so has its shift from being a tool to simplify our working lives to one that is also now seeping into many areas of our personal lives. 

Read on to discover five interesting ways AI is reshaping the world you live in and the way you go about your life on a daily basis. 

AI has changed how we interact with each other and view the world

One of the most recent AI developments that has gripped the news cycle is the advent of adaptive AI chat-based apps such as ChatGPT and Bard. They have the ability to understand a vast range of prompts and almost instantaneously create detailed written content. 

So, what does the near future hold for AI technologies and your everyday life?

Well, we went straight to the source and asked ChatGPT to put into its own words “Important ways AI will affect people’s everyday lifestyles in the near future”. It highlighted 10 key areas with some overlap before we refocused its response on five important areas.

1. Personalised and cognitive assistance 

One of the primary areas that ChatGPT felt AI would have the greatest influence on our everyday lives is through providing assistance and help with managing our schedules. 

It wrote: “AI-powered virtual assistants will become more advanced, anticipating our needs and preferences. They will help manage tasks like scheduling, reminders, and information retrieval, streamlining our daily routines and enhancing productivity”.

In fact, this is already the case today. You may use an app or the selection of tools available through an email provider, such as Google’s Gmail, to manage your calendar and prompt you with reminders. 

If you have particular goals in mind, you might have downloaded a workout and diet management app for your exercise regime or a credit score app to give you oversight of your finances and alert you of any negative changes.

Going beyond predicting our needs, AI may even influence our decision-making, with ChatGPT writing: “AI-powered tools will aid in decision-making and problem-solving across various industries. Professionals will leverage AI to quickly process vast amounts of data, leading to more informed choices”.

Soon, we could find ourselves reliant on our very own AI confidant across all aspects of our lives. 

2. Healthcare revolution

ChatGPT highlighted AI’s increased use in the early warning and initial assessment side of healthcare, writing:

“AI will revolutionise healthcare with personalised treatment plans and accurate diagnostics. Wearable devices will monitor health metrics in real-time, enabling early detection of medical issues and prompting timely interventions.”

According to PwC, AI and robotics have become increasingly prevalent in the medical field, in areas including:

• Training
• Research
• Decision making
• Diagnosis
• Early detection

PwC also reports that AI has helped reduce false positives in mammograms through reviewing and analysing mammograms 30 times faster and with 99% accuracy – reducing the need for unnecessary biopsies. 

3. Smart homes and autonomous transportation

AI isn’t bound to just digital technologies, such as computing. Developments aimed at making our daily lives “smarter” and more energy-efficient have led to AI integration throughout the home. 

ChatGPT writes: “AI-driven home automation systems will control lighting, temperature, security, and appliances, adapting to occupants’ habits and preferences for an enhanced living experience.”

You may already have parts of your home’s operations synched through a central system, such as an Amazon Alexa. As the technology progresses, homes are likely to continue to become more reliant on AI to manage their daily functionality.

You may find AI assisting you throughout your day from the moment you wake up to your drive to work – with self-driving cars and AI-controlled public transport becoming more common – and throughout your workday. 

4. Enhanced shopping and entertainment experience

By analysing your preferences and behaviours, AI has learned how to predict what you want and when you want it. 

This can occur when you’re shopping online and are prompted with targeted suggestions. You may also have noticed it when watching TV or listening to music and are provided with tailored recommendations.

For the indecisive among us, AI recommendations can solve potential headaches and help narrow down choices to satisfy our daily need for entertainment or help us solve a problem with a potential purchase. 

5. Environmental sustainability

Finally, ChatGPT highlighted an interesting way AI might influence our daily lives – the battle against climate change. 

It wrote: “AI will play a pivotal role in managing and mitigating environmental challenges. It will optimize energy consumption, monitor pollution levels, and predict natural disasters, aiding in the creation of a more sustainable future.”

So, AI might not just be making our daily lives easier, it may actually help us make the world a better place to live in. 

AI is aware of the problems it may present

At the end of its discussion with us regarding AI’s involvement in society, ChatGPT highlighted a few challenges and concerns that may need to be addressed. It mentioned:

• Privacy concerns surrounding the collection of personal data and breaches of cyber security
• Ethical dilemmas raised by flaws in the AI-learning process that may lead to biases that unfairly treat certain demographics and undermine trust in the system
• Maintaining human-to-human interaction, as AI could lead to greater isolation in society as we interact with fewer people face-to-face.

It is important that we strive for a balance between the benefits AI brings to our daily lives and the loss it may create in the most valuable aspects of being human.

Get in touch

AI is a useful tool, but it is important to remember its limitations. Our final question to ChatGPT asked it “should I get financial advice from ChatGPT?” and it responded: 

“While ChatGPT can provide general information and insights about various financial topics, it’s important to understand that it is not a substitute for professional financial advice from a qualified expert.”

If you are interested in seeking financial advice, please reach out to us by email at info@bmpwealth.com or by calling +852 3975 2878.