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AI’s cognitive implications: the decline of our thinking skills?
Artificial intelligence (AI) has become an integral part of daily life, streamlining everything from search queries to complex decision-making. While AI tools offer convenience and efficiency, they also raise concerns about cognitive offloading—the process of delegating cognitive tasks to external aids. As reliance on AI grows, experts warn that it could diminish critical-thinking skills and alter fundamental cognitive processes. It is not about avoiding its use entirely; the incorporation of AI is essential for the advancement of our societies. (In fact, as will be seen later, it has been shown that a moderate use of AI can have a positive cognitive impact.) However, it is advisable to learn how to use it properly and in a balanced manner.
AI’s cognitive implications: the decline of our thinking skills?
Artificial intelligence (AI) has become an integral part of daily life, streamlining everything from search queries to complex decision-making. While AI tools offer convenience and efficiency, they also raise concerns about cognitive offloading—the process of delegating cognitive tasks to external aids. As reliance on AI grows, experts warn that it could diminish critical-thinking skills and alter fundamental cognitive processes. It is not about avoiding its use entirely; the incorporation of AI is essential for the advancement of our societies. (In fact, as will be seen later, it has been shown that a moderate use of AI can have a positive cognitive impact.) However, it is advisable to learn how to use it properly and in a balanced manner.
“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.
The seemingly negative pandemic effects and resource/product shortages are encouraging and allowing organizations to innovate and change.The news of cash-rich organizations getting ready for the post-Covid growth economy is a sign of more than capital spending plans. Cash provides a cushion for risk-taking and a tool for growth.
