THE ECONOMIC IMPACTS OF ARTIFICIAL INTELLIGENCE IN THE CONTEMPORARY WORLD

Abstract

Artificial Intelligence (AI) has emerged as a transformative force in the contemporary global economy. This paper delves into the profound impact of AI on economic growth, productivity, labor markets, and innovation. It explores how AI technologies, including machine learning and deep learning, have revolutionized industries, enhanced decision-making, and paved the way for the fourth industrial revolution. The economic implications of AI are examined through the lens of labor market disruptions, income inequality, investment strategies, and ethical considerations. Leveraging a mixed-method research approach, encompassing both quantitative and qualitative analyses, as well as case studies and expert insights, this paper provides a comprehensive view of how AI is shaping today's economy. The paper underscores the significance of AI as a catalyst for economic evolution and highlights the necessity of addressing the ethical and policy dimensions of AI's role in shaping the economic landscape.

Keywords: Artificial Intelligence (AI), Technology and Economy, Automation.