ABSTRACT

Artificial intelligence (AI) refers to a set of techniques that enable machines to imitate human intelligence. Its development is a technological revolution, which, like previous technological revolutions, can cause serious economic shocks. Although the work to quantify the effects of AI is still exploratory, it provides some insight. The purpose of the study is to study the impact of artificial intelligence on the economy, identify the main trends and assess the prospects for the development of this connection. Research Problem: Artificial intelligence can bring significant benefits to the economy, but it can also cause uneven distribution of benefits and create new economic problems. Research methods: analysis, statistics, correlation method, factorial, logical, generalization, systematization, comparative methods. Results and conclusions: The long-term impact of AI on aggregate employment fits within the theoretical framework of creative destruction. According to the IMF, 60% of jobs in advanced economies could be highly impacted by AI: 27% of jobs will be highly complementary and, therefore, are able to benefit from AI, while it could replace 33% of jobs. Moreover, from a global point of view, one of the key risks in the development of AI can be considered the possibility of an increase in the technological gap between the least developed countries and the most advanced economies of the world.