Artificial intelligence (AI) has been named Collins Dictionary’s 2023 Word of the Year. The unprecedented plunge into public dialogue and rapid development throughout the year has attracted attention.
In fact, AI has become a central theme in many fields. marking It is the beginning of what many believe to be the next significant technological revolution.
AI’s rise to stardom
“AI” stands for Artificial Intelligence, a term familiar to tech-savvy people. But in 2023, the term has made the leap from jargon to household name. Collins Dictionary aptly defines AI as “the modeling of human mental functions by a computer program.”
— Editorji (@editorji) November 1, 2023
AI-powered language models have become a hot topic this year, capturing the public’s imagination and stimulating discussion across a variety of platforms. The prominence of AI highlights significant advances in technology, with innovations impacting many aspects of daily life and industry operations.
In addition to its technical capabilities, AI has sparked considerable debate about ethics, accountability, and the future of work. As a result, policymakers, business leaders, and the public alike have begun to reflect on the implications to ensure that the integration of AI into society is both responsible and beneficial.
Digital culture and banking in the spotlight
In pursuit of the zeitgeist, Collins turned to digital culture and adopted a term that encapsulated the changing dynamics of online interactions. “Non-influence” made the shortlist, capturing the tendency for influencers to steer their followers away from certain products and lifestyle choices. This step reflects a broader shift in the way influencers engage with their audiences, demonstrating a sense of accountability and responsibility.
This is wrong.
No one should be prevented from accessing basic services because of their political views.
Freedom of speech is the cornerstone of our democracy. https://t.co/8S8Rzyh9Si
— Rishi Sunak (@RishiSunak) July 19, 2023
But it is not just the digital cultural sphere that is undergoing notable changes. Similar turmoil is occurring in the financial world, with “debanking” making its presence felt on Collins’ shortlist. Debunking, defined as the act of depriving individuals of their banking functions, has become a point of contention, especially in the areas of cryptocurrencies and politics. High-profile cases such as Nigel Farage’s dispute with Coutts Bank have highlighted the issue, sparking debate and increasing calls for regulatory reform.
The cases of Mr Farage and others who have had their accounts debanked highlight growing concerns about financial access and freedom of speech. Furthermore, it questions the power relationship between individuals and financial institutions. Therefore, ensuring fairness and transparency in these matters is paramount.
Navigating a changing landscape
As AI continues to infiltrate the fabric of society, and as digital culture and the financial sector adapt to the evolving landscape, the terminology of the era will adapt in parallel. Words like “greedflation” have emerged to capture the sentiments of a nation struggling with perceptions of inflation and corporate profiteering.
Importantly, the role of dictionaries like Collins’s extends beyond mere curation of words. They serve as cultural barometers, reflecting collective consciousness and the issues that dominate public debate. This year’s shortlist includes terms such as “AI,” “de-influence,” and “debanking,” highlighting the interplay between technology, culture, and finance. Furthermore, it highlights the critical need for a comprehensive knowledge of the forces that influence the planet as well as the complexities of our time.