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Artificial Intelligence (Ai) - The Technology That Shapes The World

Author

Listed:
  • EDITH MIHAELA DOBRESCU

    (Institute for World Economy of the Romanian Academy)

  • EMILIAN M. DOBRESCU

    (CSCBAS of the Romanian Academy)

Abstract

The paper presents trends, analyzes and perceptions of Artificial Intelligence with pros and cons of its integration in all areas of socio-economic life. Artificial Intelligence (IA) is one of the most advanced technologies in the development of today's science, and for that, the big robotics companies are investing colossal amounts to further develop and integrate them into their products.. Economies around the world are still vulnerable to new shocks and are unprepared for the next wave of "automation and robotization," warned the World Economic Forum (WEF) in its latest Report on Artificial Intelligence and Robotics for 2017. Specialists expect robots endowed with AI will operate 85% of customer interactions by 2030. The WEF-based competitiveness index for the year 2017, based in Switzerland, takes into account various factors including the artificial intelligence that underpin the productivity and prosperity of countries, and it has revealed major differences between the world's economies. In turn, the UN warned that robots could destabilize the world: from the risk of mass unemployment to the use of autonomous robots by organizations or criminal states, research centers in robotics aim to identify possible threats. In a few decades now, robots and computers could surpass the thousands of years of evolution that generated our perception and intelligence.

Suggested Citation

  • Edith Mihaela Dobrescu & Emilian M. Dobrescu, 2018. "Artificial Intelligence (Ai) - The Technology That Shapes The World," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 6(2), pages 71-81, December.
    • Handle: RePEc:ntu:ntugeo:vol6-iss2-18-071
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    Citations

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    Cited by:

    1. Omar H. Fares & Irfan Butt & Seung Hwan Mark Lee, 2023. "Utilization of artificial intelligence in the banking sector: a systematic literature review," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(4), pages 835-852, December.
    2. Tan Yigitcanlar & Kevin C. Desouza & Luke Butler & Farnoosh Roozkhosh, 2020. "Contributions and Risks of Artificial Intelligence (AI) in Building Smarter Cities: Insights from a Systematic Review of the Literature," Energies, MDPI, vol. 13(6), pages 1-38, March.

    More about this item

    Keywords

    artificial intelligence (AI); technologies change; robotics; new economy;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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