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In a recent webinar discussing the power of ChatGPT, University of Iowa professor Patrick Fan was asked for his opinion on the potential of artificial intelligence (AI). “There’s sort of the Terminator scenario here where AI takes over…is that realistic that AI kind of takes over everything?” posed Barrett Thomas, senior associate dean for the Tippie College of Business and moderator of the event. “Well, certainly we understand there’s a risk of that,” said Mr. Fan. “There’s a term called AGI, which is artificial general intelligence … basically coined to reflect that AI potentially can replace a human being and then conduct a lot of its activities. Can that happen? I think so.” AGI is the theory that artificial intelligence can perform any cognitive function a human can, as well as learn similarly to a human. Its capabilities would exceed a human’s because it would “process large data sets at incredible speeds compared to the human mind,” according to Fierce Healthcare. For all of the advancements in the AI field in the last couple years, AGI is not here yet. But with the introduction of ChatGPT 3.5 in November, and now ChatGPT 4.0 in March, the world has turned its attention to what AI can accomplish already, making it hard to ignore the ramifications of the technology on the job market, higher education and in daily life. The CBJ listened to a panel of experts and interviewed Mr. Thomas and Jim Chaffee, COO for Tippie College, for this story.