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The Economic Implications of AI: Origins, Progression, and Prospect
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Abstract
The emergence of the most cutting-edge technology of Artificial intelligence has intrigued many people globally, it has recently become the subject of widespread curiosity and fascination. Meanwhile, biases among different scholars and countries have concerned lots of individuals across the globe. With that being stated, in this research, this paper will share discoveries that focus mostly on the origin, progression, and future potential of the technology so that the audience could gain both basic understanding and critical thinking toward this trending technology. To address detailed information, this paper covers early research in AI, the emergence of machine learning and neural networks, moreover, the significance and development of deep learning. The paper also delves into different types of AI, their application in various industries, advancements, and innovations in natural language processing, and the examination of this revolutionary's effects on job opportunities and employment. This paper evaluates the current state of artificial intelligence and its potential impact on different aspects of society, it also discussed the various types of AI with the supporting information of their applications in industries such as finance and sustainability. The possibilities, opportunities, and challenges which are posed by AI such as job market distribution and ethical considerations are also investigated. The paper states that with the wide range of consideration of the concerns and harnessing the power of AI responsibly, this technology could continue to develop and therefore improve individual living conditions and create a more sustainable future.
Keywords
artificial intelligence, economics, job market
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Cite this article
Sun,Q. (2023). The Economic Implications of AI: Origins, Progression, and Prospect. Advances in Economics, Management and Political Sciences,24,277-285.
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Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development
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