“By 2040 the ubiquity of AI will have reshaped numerous facets of our daily lives. Advanced personal AI assistants will likely be part of our routines, offering predictions and automations tailored to individual needs.

“The medical field is poised to witness significant advancements, with wearables and AI-driven virtual consultations becoming much more commonplace. The merging of human thought processes with computational capacities through brain-computer interfaces such as Elon Musk’s Neuralink project, if realized, could be a game-changer.

A major inflection point could be the evolving power dynamics; AI might decentralize power by equipping individuals with tools once exclusive to large entities, particularly if peer-to-peer cryptocurrencies become the norm for exchanging value. However, the risk of a few dominant entities controlling AI’s pinnacle remains unless a total transformation of how wealth is created is achieved, e.g., universal income and reduced economic inequality.

“This technological proliferation, however, also brings with it potentially grave challenges. The economy will undergo transformative shifts, birthing new professions while sidelining others, necessitating societal strategies for unemployment and creating new jobs and skillsets.

“Governance could benefit from enhanced AI capabilities, but the potential for misuse in surveillance and control by authoritarian regimes looms large, particularly in the realm of warfare.

“A major inflection point could be the evolving power dynamics; AI might decentralize power by equipping individuals with tools once exclusive to large entities, particularly if peer-to-peer cryptocurrencies become the norm for exchanging value. However, the risk of a few dominant entities controlling AI’s pinnacle remains unless a total transformation of how wealth is created is achieved, e.g., universal income and reduced economic inequality.

“While the efficiency gains and new opportunities AI offers are undeniable, concerns over data privacy, job displacement and diminishing human-to-human interactions persist. If the brain-computer interface is hacked, for example, then this may create a major risk where humans may be misled or take actions based on generated information.

“In essence, AI’s trajectory in the coming decades presents a delicate balance between its vast potential and the challenges it introduces. We must strive to minimize the risk while harnessing the best of what this revolutionary technology has to offer.”

This essay was written in November 2023 in reply to the question: Considering likely changes due to the proliferation of AI in individuals’ lives and in social, economic and political systems, how will life have changed by 2040? This and more than 150 additional essay responses are included in the report “The Impact of Artificial Intelligence by 2040”