In this rapidly evolving era of technological advancement, the advent of Artificial Intelligence (AI) has whooshed in a wave of excitement alongside a fair share of apprehension. Amidst concepts branching from deep learning to autonomous robots, the discussion now meanders towards an aspect that’s perceived as inherently human – ethics.

Artificial Intelligence, exceeding the realm of sci-fi fantasies and permeating every sector, from healthcare, to banking, advertising, even the legal fraternity, has opened up Pandora’s Box of ethical dilemmas.

## The Automation Dichotomy

On one end, AI simplifies our lives, automating monotonous tasks, revolutionizing industries, and bringing about unprecedented precision in fields like diagnostics and risk analysis. At the other end, these technological triumphs raise salient questions about privacy, security, job displacement, and even the basic rights of sentient entities.

## Navigating the AI Ethics Quandary

To delve into the moral maze of AI, we first need to comprehend its constituents.

1. **Data Privacy and Security:** AI thrives on data, mined in colossal amounts from various digital footprints. This practice rouses concerns about user privacy and security due to potential misuse, hacking or unauthorized access.

2. **Bias and Discrimination:** The impartiality of AI systems is under scrutiny as these systems only mimic their human creators. When the underlying data is biased, these systems can perpetuate unfairness or discrimination, thereby raising ethical concerns.

3. **Job Displacement:** Autonomization sparks worries about job obsolescence and displacement. As AI becomes increasingly competent, the concern about machines replacing human labor intensifies.

4. **AI Morality:** Advanced AI might make decisions that are life-impacting. The morality of such decisions is crucial. Can a self-driving car decide whom to save in an accident? How do we embed our value systems in AI?

## Enroute to Machine Morality

The road towards machine morality is far from smooth. Yet, it’s encouraging to note the ongoing proactive initiatives in this realm.

1. **Guidelines and Regulations:** Governments, organizations, and international institutions are tirelessly working towards formulating regulations to manage the ethical implications of AI. Precise legal and moral boundaries would help check misuse and foster trust.

2. **Developing Ethical AI:** Companies are striving to create truly ethical AI systems, reducing bias, and improving transparency with dedicated teams addressing these issues.

3. **Human-in-the-loop Approach:** Many favor this hybrid approach where humans work in tandem with AI, assuring transparency, accountability, and providing the much-needed human touch. This collaborative approach mitigates ethical concerns to a substantial extent.

4. **AI Literacy:** Knowledge is power, and knowledge about AI translates to power over AI. Greater understanding of AI and its implications among the general population can encourage ethical use, put pressure on developers for responsible, transparent systems and thereby contribute towards regulating AI applications.

## Wrapping Up

As we embrace this AI-propelled future, the discourse on the ethical implications of AI grows in significance. Unearthing the balance between technological advancements and moral obligations towards society is a checkpoint we can’t afford to miss on this AI journey. By carefully enhancing the functionality of AI while keeping a close check on its ethical implications, we can leverage the convenience and benefits of AI – ensuring a future that’s not just technologically advanced, but ethically aligned as well. The path to machine morality indeed calls for our dedicated attention, imminent action, and comprehensive dialogue, shaping a world where technology and ethics harmoniously coexist.