<human>:  What are the benefits and risks of artificial intelligence?
<bot>: Benefits of Artificial Intelligence:
 • Increased efficiency as AI can quickly process huge amounts of data.
 • Improved accuracy due to the ability to identify patterns and analyze complex data.
 • Automation of mundane, repetitive tasks leading to significant cost and time savings.
 • Event predictions based on sophisticated algorithms. 2 Risks of Artificial Intelligence:
 • Unethical use of Artificial Intelligence can have devastating impacts.
 • Lack of control over AI's course of action due to an absence of understanding of complexities associated with AI systems.
 • Job displacement and economic inequality as AI technology eliminates the need for lower-skilled workers.
 • Privacy concerns due to the use of AI algorithms and collected data.