Artificial Intelligence has been a hot talking point over the past couple of years and the discourse around the subject hasn’t escaped any industry or social space. Talk of the future and the technological changes it could bring are thoughts that have perplexed humans since time began.
Many inventions come and go without praise or scrutiny, but nothing has gained such traction in recent years as Artificial Intelligence (AI). Perhaps this is because of how futuristic it seems, clinging onto the coattails of time travel and teleportation as one of those phenomenon’s that seems like the stuff straight from a science fiction novel.
Gambling and AI
The gambling industry is just one of the markets that have been capitalising on these technological advances and the redundancy of the human and/or the efficiency of the robot. Online gambling, like AI has seen a rapid acceleration of growth in recent years, with the online gambling industry in the UK reported to be worth a mega £4.5 billion.
Scott Manford, CEO of Wizard Slots said: “Working in the gambling industry is a fast-paced world and we’re constantly adapting to the technological and legal changes that can come our way. Of course, the protection and safety of our players is paramount but the influence that AI and Virtual Reality is having on our industry is very exciting and perplexing. It’s healthy to look at the influences from both sides of the coin.”
As with all industries with that much money involved they serve themselves up to be worthy destinations for both intense innovation and large scale crime. It will be a long time yet before the robots are teaching us how to live, similarly to the Will Smith movie, iRobot. But perhaps the changes that AI could bring to the gambling world could arrive sooner than we think.
But what do you mean when you say Artificial Intelligence?
Firstly, we must understand what AI is. What we class as intelligence as humans is usual ingrained in education, experience, the ability to solve problems, or the letters ahead of our name. The barometers of human intelligence often rest in particular academic fields such as Mathematics or Sciences.
Humans are temporary and if we look at ourselves scientifically we are against the odds and at the will of many variants that can affect our performance and progress. Ageing being one of them. Perhaps the human life is too short and peak human performance is too brief to crack the important and species changing things that AI could bring to humanity and civilisation.
Artificial Intelligence is a human construct, and based on human perceptions, but the complex coding involved creates a human brain capable of inhumane feats, mass calculation and perception, intense data analysis and many other things. AI is as basic as facial recognition and as complex as self-driving cars. We are now at the point where AI can be self-taught and teach itself new habits without the need for human input.
What impact can AI have on gambling?
But what does all this theory and existentiality mean for the gambling and gaming industries? Online slots websites are inherently run on the complex algorithms of AI, the numbers behind the slot games that create the difficulty and infinite amount of algorithms that prevent the player from out smarting the machine and winning all the money. These algorithms create the odds, human created algorithms that can be left to do the jobs that humans can’t.
In respect of this, the nuclear bomb should never fall into the wrong hands. And the notion resonates in a similar way with AI. For example, if AI can work on the side of the gambling industries, it can also work against it. Computer hackers are often portrayed as clandescent rockstars of the criminal world, their prison sentences are often swapped for desk work at the FBI. Before these rogue vigilantes do this though, who knows the impact they could have on the gambling world.
If someone can build some form of AI that can second guess the gambling algorithms, the PRNG (Pseudorandom Number Generator) as it’s known, then that could see the fall of online gambling. If the casinos can no longer protect themselves from loss, then how can they exist? It’s a battle of who has the smarter intelligence, in simpler terms mathematicians compete to solve and prove theories. Artificial Intelligence would compete against other artificial intelligence to solve infinite and mass data sets, to outthink and even develop its own brain.
To summarise, the challenges that casinos face with AI is nothing new to what has went in the past, there’s always someone or something trying to beat the system, and as technology advances both sides of the coin will try and outwit each other.
Regardless of the advances in technology, the positive effects on the industry should outweigh the bad. Who knows the unthinkable possibilities that AI could bring to the industry both on back end and front end developments.
What is for sure is that we won’t be having any iRobot moments just yet. Augmented reality could revolutionise the way we play and enjoy the age-old industry that is gambling.