Citation:

Natalia Bobro. "The Impact of Artificial Intelligence on the Global Economy" International Research Journal of Economics and Management Studies, Vol. 3, No. 2, pp. 95-98, 2024.

Abstract:

The article explores the impact of artificial intelligence on the global economy. A comparison of the properties of human intelligence and artificial intelligence is conducted. Three types of artificial intelligence are identified: weak (Narrow AI), strong (AGI), and super AI (Super AI). The capabilities of artificial intelligence in various fields, including trade, healthcare, and finance, are characterized. The influence of the scale of artificial intelligence utilization on employment is determined. It is established that the use of artificial intelligence may lead to increased unemployment and the extinction of certain professions while other sectors gain new opportunities and highly specialized jobs. Companies that are most actively using artificial intelligence are identified. It is noted that the speed of artificial intelligence applications is uneven and depends on economic and industrial business activity, the concentration of high-tech production in the region, and the presence of branches of large companies. The main advantages and disadvantages of implementing artificial intelligence in the economy are highlighted. Emphasis is placed on the importance of considering potential risks and negative consequences. It is indicated that consistent implementation and improvement of technology, along with the development of appropriate legislation and ethical standards, can ensure a positive impact of artificial intelligence on the economy and society as a whole.

References:

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Keywords:

Artificial Intelligence, Global Economy, Digitization, Business.