About the Potential Impact and Future Trends of Artificial Intelligence on Global Economic Development

Abstract

This article analyses the complex interrelationships between artificial intelligence (AI) and worldwide economic growth. It treats AI’s role, ranging from accelerating scientific progress to being part of conventional industries. By highlighting the importance of the government’s role in the innovation process, the study suggests implementing focused programs and policies to benefit from AI in economic growth fully. Furthermore, the article addresses the issue of dealing with social problems, like the digital divide, to achieve equitable distribution of AI benefits and promote inclusive growth. By looking at the opportunities and risks of AI implementation, this paper gives an overall picture of its consequences for the future of the world’s economies. Finally, all stakeholders should be concerted in their efforts to exploit the possibility of AI while dealing with its eventual pitfalls that will culminate in sustainable and inclusive economic progress.