The Transformative Economic impact of Artificial Intelligence

Published: Nov. 22, 2023

ackground: The swift assimilation of Artificial Intelligence (AI) across multiple industries is altering the worldwide economic terrain. Unprecedented opportunities and difficulties are brought about by this revolutionary technology, which has an impact on innovation, trade, labor markets, security. Objective: goal study to thoroughly investigate effects AI exploring how it may affect trade internationally, offer insights that support strategic decision-making policy formation examining current trends, opportunities, difficulties. Results: research highlights dual character artificial intelligence's influence, highlighting both its potential spur expansion drawbacks, including loss jobs, a lack standards, security issues. crucial cooperation overcoming these obstacles realizing AI's full potential. Conclusion: balancing risks becomes critical as continues change landscape. report promotes proactive steps ethical design guidelines, ongoing worker retraining, flexible regulatory strategies. As we shape future puts inclusion, creativity, responsible governance first, collaboration emerges key theme.

Language: Английский

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Demographics and Real Interest Rates Across Countries and Over Time

SSRN Electronic Journal, Journal Year: 2023, Volume and Issue: unknown

Published: Jan. 1, 2023

We explore the implications of demographic trends for evolution real interest rates across countries and over time. To that end, we develop a tractable three-country general equilibrium model with imperfect capital mobility country-specific trends. calibrate to study how low-frequency movements in country's rate depend on its own other countries' factors, given certain degree financial integration. The more financially integrated country is, higher sensitivity global developments less determinants matter. then estimate panel error-correction models relating many possible determinants---demographics included---imposing some restrictions motivated by lessons from our structural model. Results corroborate importance accounting time-varying integration, show factors life expectancy are relevant rates.

Language: Английский

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Future-proof: Monitoring the development, deployment, and impacts of Artificial Intelligence

Journal of Science Policy & Governance, Journal Year: 2023, Volume and Issue: 22(03)

Published: Sept. 10, 2023

Recent developments in Artificial Intelligence (AI) pose a complex challenge for policymakers, who are tasked with regulating technology which is poorly understood, highly multi-use, of potentially enormous economic impact, and becomes more powerful at an extraordinary rate. In response to this challenge, policy position paper outlines two recommended actions national governments monitor the AI supply chain: (1) Invest infrastructure monitoring chain, (2) establish key standards. This will allow policymakers prepare current technological challenges, as well have unforeseen ones. Importantly, these recommendations directly informed by technical research frontiers forecasting, help make decisions that robust future changes.

Language: Английский

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Scenarios for the Transition to AGI

SSRN Electronic Journal, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 1, 2024

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Language: Английский

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Concentrating Intelligence: Scaling and Market Structure in Artificial Intelligence

Published: Oct. 2, 2024

This paper examines the evolving structure and competition dynamics of rapidly growing market for foundation models, focusing on large language models (LLMs). We describe technological characteristics that shape industry have given rise to fierce among leading players. The analyzes cost emphasizing importance key inputs such as computational resources, data, talent, identifies significant economies scale scope may create a tendency towards greater concentration in future. explore two concerns competition, risk tipping implications vertical integration, use our analysis inform policy remedies maintain competitive landscape.

Language: Английский

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AI Innovation and Economics Growth: A Global Evidence

WSB Journal of Business and Finance, Journal Year: 2024, Volume and Issue: 58(1), P. 198 - 216

Published: Jan. 1, 2024

Abstract This research investigates the impact of artificial intelligence on economic growth, focusing how AI-related activities such as scholarly publications, patent filings, and national AI strategies influence GDP across different contexts. The study utilizes a comprehensive dataset from 2010 to 2023, covering 141 countries, employs SGMM analyze impacts AI. Additionally, incorporates Random Forest algorithm assess importance various features, providing nuanced understanding which aspects are most predictive outcomes. dual-methodology approach allows for robust analysis by addressing potential endogeneities with validating feature significance Forest. ensures thorough examination AI’s contributions growth. confirms that innovations significantly boost output, particularly in countries advanced infrastructure. Complementing this, highlights patents per million crucial predicting These features key drivers, indicating dense innovation environments strategic planning essential maximizing benefits. suggests leverage full potential, policymakers business leaders should develop foster conducive integration. contributes unique insights into quantitative effects highlighting role policies infrastructure enhancing impact. It offers driver sustainable development.

Language: Английский

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Blockchain-Based Identity Solutions for Artificial Intelligence: Two-Sided Virtual Markets Without Trust

Lecture notes in operations research, Journal Year: 2024, Volume and Issue: unknown, P. 231 - 264

Published: Jan. 1, 2024

Language: Английский

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Economic development reloaded: the AI revolution in developing nations

New Zealand Economic Papers, Journal Year: 2024, Volume and Issue: unknown, P. 1 - 7

Published: Dec. 16, 2024

This paper explores how Artificial Intelligence (AI) is poised to reshape economic development in developing countries. It examines AI's potential enhance productivity, optimize resource allocation, and improve access critical services like healthcare education. Despite these opportunities, challenges such as technological infrastructure gaps job displacement are significant. The emphasizes the need for tailored policy frameworks harness benefits while mitigating risks of widening inequalities or AI-poverty traps. By analyzing current trends projections, aims provide insights into navigating AI adoption economies, promoting sustainable growth inclusive a rapidly evolving global landscape.

Language: Английский

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The Transformative Effects of AI on International Economics

SSRN Electronic Journal, Journal Year: 2023, Volume and Issue: unknown

Published: Jan. 1, 2023

Download This Paper Open PDF in Browser Add to My Library Share: Permalink Using these links will ensure access this page indefinitely Copy URL DOI

Language: Английский

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