The impact of artificial intelligence on the modern economy

2024

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DOI 10.37788/2024-4/65-73
Data confidence 70 medium
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Abstract

Currently, there is a sharp surge in artificial intelligence (AI) technologies, which are beginning to be used everywhere in almost all fields of activity. At the same time, when talking about using AI, people's main fear is that it will trigger a cascade of layoffs, as the robot copes with its tasks better and more accurately. This article examines the impact of artificial intelligence on the modern economy in this and other aspects. To conduct an analysis on the impact of AI on the modern economy, GDP, productivity, and unemployment rate. To consider the issue at both the microeconomic and macroeconomic levels. Collecting macroeconomic statistics, the level of investments in this sector, exploring the possibilities of using AI. The ratio of the data obtained and their interpretation to obtain a picture of what is happening in the economy. The analysis shows that at the moment, despite all the big headlines, AI does not have any significant impact on the global economy. It has brought a lot of benefits to individual organizations and people, but at the same time it has not affected the reduction of jobs, which opponents of the introduction of this technology are so afraid of. Moreover, AI is not even a small catalyst for individual countries' GDP.