AI, short for artificial intelligence, is the current technology trend with one-third of businesses already using it and more expected to follow. AI programs are accessible online, with mobile phone versions on the way. Within a decade, AI will have impacted almost every aspect of our lives. AI is often viewed as a machine capable of human-like thinking or as a tool for answering questions and even writing papers for students. The common thread is the idea of intelligence. AI combines large amounts of data, computer programs to analyze patterns and relationships, and conclusions based on data analysis. Machine learning, a part of AI, mimics human learning but at a faster and more comprehensive pace. The potential of AI is to improve our lives, although concerns arise about job displacement and the impact on the labor market. AI-directed robots and machines could replace jobs in various sectors, including warehousing, manufacturing, administration, and even transportation.

Additionally, jobs in finance, accounting, banking, and law may also be vulnerable to AI technology. It is estimated that AI could eliminate around 10% of jobs in North Carolina, equating to approximately 500, 000 jobs. While economic growth resulting from AI may create new jobs, there may be a lag between job losses and new job creation. The job losses may occur before the new economic growth takes place, potentially leading to a rise in unemployment. In order to address this issue, significant resources will be needed to assist the unemployed, including retraining efforts for individuals who may need to acquire new skills. North Carolina would require a large-scale retraining effort, possibly catering to older individuals who are not typical college students. The challenge lies in managing the transition to a life with AI, which includes coping with job losses, supporting the unemployed, and facilitating retraining for new jobs. Planning for these challenges now could lead to a successful adoption of AI in the future. Ultimately, the impact of AI depends on how we address these challenges.