Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Download or read book How Artificial Intelligence Development Influences Economic Growth written by Johnny CH LOK and published by . This book was released on 2017-07-23 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concerns to be given my opinions to explain how artificial intelligent technology will impact our life and will influence economic development in the future.In chapter one, I shall explain what the (AI) functions are benefited to human and I shall indicate whether it can impact human job nature.In chapter two, I shall explain whether (AI) can influence to change to human job market to be better or worse in future global labor market.In chapter three, I shall indicate how (AI) will influence global economic change.In chapter four, I shall indicate whether (AI) technology can impact service management industry.In chapter five, I shall indicate whether (AI) technology will influence digital industry economic change.In chapter six, I shall indicate whether (AI) technology can influence developing countries' economic change and health and manufacturing , even global economic change in our future life. This book is suitable to any students who expect to make personal judgement and analysis to concern whether (AI) technology will impact our life and it will influence global economic change in our future.

Download or read book Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Download or read book Artificial Intelligence Influences Economic Growth written by Johnny Ch LOK and published by . This book was released on 2018-03-27 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: PrefaceThis book concerns to be given my opinions to explain how artificial intelligent technology will impact our life and will influence economic development in the future.In chapter one, I shall explain what the (AI) functions are benefited to human and I shall indicate whether how it can impact human job nature as well as I shall explain whether (AI) can influence to change to human job market to be better or worse in future global labor market.In chapter two, I shall indicate how (AI) will influence global economic technology productivity change as well as I shall indicate whether (AI) technology can impact global service management industry development.In chapter three, I shall indicate whether (AI) technology will influence digital industry economic change as well as I shall indicate whether (AI) technology can influence developing countries' economic change and health and manufacturing change , even global economic change in our future life. This book is suitable to any students who expect to make personal judgement and analysis to concern whether how (AI) technology will impact our life and it can influence global economic change in our future.

Download or read book Productivity Relationship Between Artificial Intelligence and Economic Growth written by Johnny C. H. Lok and published by Createspace Independent Publishing Platform. This book was released on 2017-11-22 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concerns to be given my opinions to explain how artificial intelligent technology will impact our life and will influence economic development in the future. In chapter one, I shall explain what the (AI) functions are benefited to human and I shall indicate whether how it can impact human job nature as well as I shall explain whether (AI) can influence to change to human job market to be better or worse in future global labor market. In chapter two, I shall indicate how (AI) will influence global economic technology productivity change as well as I shall indicate whether (AI) technology can impact global service management industry development. In chapter three, I shall indicate whether (AI) technology will influence digital industry economic change as well as I shall indicate whether (AI) technology can influence developing countries' economic change and health and manufacturing change, even global economic change in our future life. This book is suitable to any students who expect to make personal judgement and analysis to concern whether how (AI) technology will impact our life and it can influence global economic change in our future.

Download or read book Artificial Intelligence in Society written by OECD and published by OECD Publishing. This book was released on 2019-06-11 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: The artificial intelligence (AI) landscape has evolved significantly from 1950 when Alan Turing first posed the question of whether machines can think. Today, AI is transforming societies and economies. It promises to generate productivity gains, improve well-being and help address global challenges, such as climate change, resource scarcity and health crises.

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2019-06-07 with total page 643 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in artificial intelligence (AI) highlight the potential of this technology to affect productivity, growth, inequality, market power, innovation, and employment. This volume seeks to set the agenda for economic research on the impact of AI. It covers four broad themes: AI as a general purpose technology; the relationships between AI, growth, jobs, and inequality; regulatory responses to changes brought on by AI; and the effects of AI on the way economic research is conducted. It explores the economic influence of machine learning, the branch of computational statistics that has driven much of the recent excitement around AI, as well as the economic impact of robotics and automation and the potential economic consequences of a still-hypothetical artificial general intelligence. The volume provides frameworks for understanding the economic impact of AI and identifies a number of open research questions. Contributors: Daron Acemoglu, Massachusetts Institute of Technology Philippe Aghion, Collège de France Ajay Agrawal, University of Toronto Susan Athey, Stanford University James Bessen, Boston University School of Law Erik Brynjolfsson, MIT Sloan School of Management Colin F. Camerer, California Institute of Technology Judith Chevalier, Yale School of Management Iain M. Cockburn, Boston University Tyler Cowen, George Mason University Jason Furman, Harvard Kennedy School Patrick Francois, University of British Columbia Alberto Galasso, University of Toronto Joshua Gans, University of Toronto Avi Goldfarb, University of Toronto Austan Goolsbee, University of Chicago Booth School of Business Rebecca Henderson, Harvard Business School Ginger Zhe Jin, University of Maryland Benjamin F. Jones, Northwestern University Charles I. Jones, Stanford University Daniel Kahneman, Princeton University Anton Korinek, Johns Hopkins University Mara Lederman, University of Toronto Hong Luo, Harvard Business School John McHale, National University of Ireland Paul R. Milgrom, Stanford University Matthew Mitchell, University of Toronto Alexander Oettl, Georgia Institute of Technology Andrea Prat, Columbia Business School Manav Raj, New York University Pascual Restrepo, Boston University Daniel Rock, MIT Sloan School of Management Jeffrey D. Sachs, Columbia University Robert Seamans, New York University Scott Stern, MIT Sloan School of Management Betsey Stevenson, University of Michigan Joseph E. Stiglitz. Columbia University Chad Syverson, University of Chicago Booth School of Business Matt Taddy, University of Chicago Booth School of Business Steven Tadelis, University of California, Berkeley Manuel Trajtenberg, Tel Aviv University Daniel Trefler, University of Toronto Catherine Tucker, MIT Sloan School of Management Hal Varian, University of California, Berkeley

Download or read book Artificial Intelligence Future Ten Development Stages written by Johnny Ch LOK and published by Independently Published. This book was released on 2019-11-29 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can (AI) technology influence China economy? Could China workers be affected and jobs made up of routine work activities and predictable? Will programmable tasks be particularly impact to China employment market ? When impact on labor market is likely to be gradual at the aggregate level, it can be sudden and dramatic at the level of specific work activities, rending some job obsolete fairly. Overall (AI) technology will raise digital skills when reducing demand for medium incomer inequality for China workers. It seems (AI) technology's effect on productivity could be crucial to China's future economic growth as the population ages are increasing. In China, some biggest technological companies driving significant investments in research and development. Moreover, China is one of the leading global (AI) technology development county. However, China will need to focus on building its innovation capacity. For example, United States and United Kingdom are currently producing more influential (AI) technological research. However, if China planed to achieve (AI) technology success, it's traditional industries will need to develop technical know-how -to and overcoming implementation costs prepare to develop (AI) . When (AI) technology is introduced into China society, China government needs to raise concerning ethical, legal, technological security etc. business questions. Also, surrounding issues include privacy, discrimination, legal liability and regulation. It aims to encourage overseas investors to choose to invest (AI) technological industry to raise GDP growth and manufacturing industries income growth for long term in China. If China encouraged overseas (AI) technology investment in its country. It is possible to influence China employment market to be changed. Because (AI) technology will impact to influence China people daily life. Due to (AI) technology is introduced to China society, many rich people will prefer to spend to buy any high (AI) technological products for entertainment or learning or machine man driving etc. daily necessity activities. Then it will raise GDP growth and will raise (AI) manufacturers or related-(AI) technological manufacturers profit. It is beneficial to China because it can become one high knowledgeable and (AI) technological economical society.But it will bring bad influences to raise unemployment chance for the low skillful labor. In labor economy aspect influence , how (AI) technology can influence China low skillful labor unemployment ratio raising. The raising low skill labor unemployment reason is because China low skillful human labors are argued or are replaced by (AI) technology creating new challenges to introduce to influence China society of simply human manufacturing job nature to be changed to be high (AI) technology manufacturing job nature in any China factories. Moreover, when (AI) technology introduction to China, it will cause other related social challenges in China. The varied (AI) related challenges, including the difficulty of creating safe and reliable hardware for sensing and affecting ( transportation and education), the challenges of gaining public trust, a low resource comities and public safety and security, the challenges of overcoming fears or marginalizing humans in China employment and workplace and the risk of diminishing interpersonal trust because the low skillful labors won't believe any China employers will give chance to employ them , due to (AI) technology will replace their skills and man manufacturing of productivity is much less to compare to (AI) technology manufacturing method.⦁How does ( AI) technology influence the future of employment change? Are future nature of jobs changed to computerization from (AI) technology?

Download or read book Artificial Intelligence How To Raise Economic Growth written by Johnny Ch Lok and published by . This book was released on 2020-01-16 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁Can (AI) influence global economy growth?Technological progress is main driver of growth of GDP per capita, allowing output to increase faster than labor and capital . However, technology can increase productivity, but also decrease the number of labor hours needed to create a unit of output. So (AI) causes unequal to labor wage decreases, even reduces the number of labor to manufacture, e.g. artificial intelligence technology of automation car manufacturing industry; clothing manufacturing industry; plane manufacturing etc. high technology of artificial intelligence manufacturing method. But (AI) should be potential environment benefit, although it raises unemployment ratio. Moreover, it can rise production, due to many skilled craft were replaced by the combination of machines and lower-skilled labor. The result of (AI) technology introduction, it causes output per hour risen when inequality declined, driving up average living standards, but the labor of some high-skill workers was no longer as valuable in the market. Otherwise, if (AI) technology is continue developed to be success. Some routine intensive occupations will be loss, which focused on predictable, e.g. easily programmable tasks, such as switchboard operators, filing clerks, travel agents, and assembly line workers would be particularly replaced by new (AI) technology. However, at the same time, (AI) technology development will bring these benefits: improvement in education ( training (AI) technology scientists), due to (AI) manufacturing technology needs are raising to businesses and institutional changes, such as the reduction in unionization and raising in the minimum wage to the (AI) manufacturing technology skilled labor in factories.Because (AI) technology is not a single technology, but rather a collection of technologies that are applied to specific tasks, the effects of (AI) will be felt unevenly though the economy. It will bring some tasks will be most easily automated than others, and some jobs will be affected more than others, both negatively and positively. Finally, new jobs are likely to be directly created in areas, such as the development and supervision of (AI) as well as indirectly created in a range areas though out the economy as higher incomes lead to expanded demand.However, if (AI) technology could dominate global labor markets. If labor productivity increases, do not influence into wage increases, then the large economic gains brought about by (AI) technology could be increased wealth inequality, due to employers can reduce production cost, but workers ( labors) wages will not be increased, even will be decreased. Hence, it seems the (AI) technology will bring disadvantages to labor market to cause unemployment or reduce wages in possible, although it can reduce employer individual salary (wage) expenditure and it can raise productivity.⦁How can artificial intelligence impact global economy growth?

Download or read book Machine Learning written by Kevin P. Murphy and published by MIT Press. This book was released on 2012-08-24 with total page 1102 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive introduction to machine learning that uses probabilistic models and inference as a unifying approach. Today's Web-enabled deluge of electronic data calls for automated methods of data analysis. Machine learning provides these, developing methods that can automatically detect patterns in data and then use the uncovered patterns to predict future data. This textbook offers a comprehensive and self-contained introduction to the field of machine learning, based on a unified, probabilistic approach. The coverage combines breadth and depth, offering necessary background material on such topics as probability, optimization, and linear algebra as well as discussion of recent developments in the field, including conditional random fields, L1 regularization, and deep learning. The book is written in an informal, accessible style, complete with pseudo-code for the most important algorithms. All topics are copiously illustrated with color images and worked examples drawn from such application domains as biology, text processing, computer vision, and robotics. Rather than providing a cookbook of different heuristic methods, the book stresses a principled model-based approach, often using the language of graphical models to specify models in a concise and intuitive way. Almost all the models described have been implemented in a MATLAB software package—PMTK (probabilistic modeling toolkit)—that is freely available online. The book is suitable for upper-level undergraduates with an introductory-level college math background and beginning graduate students.

Download or read book Political Economy of Artificial Intelligence written by Bhabani Shankar Nayak and published by Springer Nature. This book was released on with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Artificial Intelligence How Impacts Global Economy written by Johnny Ch Lok and published by . This book was released on 2020-01-16 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the future, if (AI) technology is an increasingly critical component of more products, it will become an integral part of necessary products of many people's lives. The extent of (AI)'s economy effort is also likely to vary from region to region, thought variation may be more dependent on the predominate economic activity of a region and the (AI) ability can influence economic activity, rather then the economic or developmental status of the regions. (AI) technology can move accessibility and can use source development to do international business between one country and another country. So (AI) technology has the potential to give benefits to different income chooses and to bring significant gains to both developed and developing countries. For agricultural technology, (AI) has the potential to optimize food production around the world by analyzing agricultural regions and identifying what is necessary to improve crop yield. In total, (AI) technology gives greater economic impact to any countries agricultural regions if which implemented (AI) technology to grow crop, fruit etc. food production in the farms.Investment in (AI) technology is such as capital investment to any countries' public or private enterprises. So, it will have large economic impact to the future . If the (AI) technology is reasonable invested to the different needs aspect by the public or private enterprises in the country. Then, it will have good economic impact to the country in the future. However, when (AI) technology is likely to affect both the productivity and employment components of economic growth in many sectors. Significant public debate has focused on projections of (AI)'s effect on the labor force. However, for instance, some researchers have argued that the rise of (AI) technology and automation will led to significant unemployment as capital is substituted for the low skillful labor. So, they point to the concern that the increasing sophistication of (AI) technology may balance skilled and semi-skilled workers and the reduce the size of the middle class. However, this is not a new argument, due to (AI) technology negatively affecting the labor force and leading to mass unemployment. Because the (AI) technology is the substitution of machinery for human labor. Although, employment in certain industries, has been reduced in the past due to technological advancement. For long term, the labor market has adapted to the introduction of new technology, giving rise to new jobs in new areas. (AI) technology may also be accomplished without a reduction to total employment in the long-term to some Asia countries, such as Hong Kong and Japan. Because Hong Kong and Japan many low skilled labor, e.g. security, cleaner who complaint that employers need them to work long time hours. ( abnormal working hours) e.g. one day 12 to 15 working hour per day. Hence, if (AI) machine means invention technology success. Security or cleaning job can be worked from (AI) machine man in some hours every day in order to reduce the long time working hours cleaners or security workers, e.g. one (AI) machine man works 4 hours for cleaning or security job, one day as well as another cleaner or security labor only needs to work 8 hours one day. So total security or cleaning employers can employ 12 hours machine cleaners or security workers and human cleaners or security workers in one day. For long term benefit, Hong Kong or Japan every security or cleaning worker does not need to work 12 hours minimum working hours one day. They won't feel tried and bore and without private with whose families, so who will accept to do these cleaning or security jobs, even they can raise work efficient and performance when who feel happy and health.

Download or read book Artificial Intelligence Brings What Economy Benefits written by Johnny Ch Lok and published by . This book was released on 2019-12-25 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can (AI) technology influence the economic development to developing countries? The developing regions of the world contain most of natural resources. If one day, (AI) technology has invent one kind of machine man which can assist any gas or oil workers to seek any new oil/gas natural resource locations easily. I believe that (AI) technology can help these natural resource exploitation countries will gain economic benefit more easily. So, (AI) driven technology can be used to change to create any new opportunities to address poor management or resources and improve human well being, such as Africa Latin America and India can use (AI) technology machine man to seek any oil/gas natural resource countries exploitation activities to attempt to gain much economic benefits.⦁Why will (AI) technology grow economicdevelopment? Nowadays, increases in capital and labor are no longer driving the levels of economic growth, such as (AI) technology. The ability of increase in capital investment and in labor of traditional drivers of production, have no longer to be enjoyed in most developed economies, e.g. developed country, US, UK . However, artificial intelligence has the potential to overcome the physical limitation of capital and labor to avoid missing out on this opportunity. So, policy makers and business leaders must prepare for and work toward a future with artificial intelligence. They must do with the idea that (AI) is another simply method to enhance productivity method . Rather they must see (AI) as the tool that can transform thinking about how growth is created. Economists have always thought of new technologies are as driving growth their ability to enhancing. It can replace labor and capital factor of production. So, it brings this question: What is the factor of production (AI) technology characteristics. They key factor is to see (AI) technology as a capital-labor . (AI) can replicate labor activities at much greater scale and speed, and to even perform some tasks began the capabilities of human. For example, by using virtual assistants, 1000 legal documents can be reviewed in a matter of days instead of taking three people six moths to complete. Some (AI) technology may be one kind of factor of production in the future. For another example, people will work in workplace digitalization environment. So, in the future, working environment and information management are automated. Such as Konica camera sale company will use workplace digitalization. So, (AI) technology can provide workplace digitalization in order to raise productivity efficiency. (AI) technology will be one kind of production which is replaced by workplace digitalization and it will grow any organization productivity efficiently. Then, (AI) technology will assist overall social economy growth, due to productivity is raised and products can be produced in short time to prepare to sell in consumption market. So, time will be shortened to increase GDP growth fast for the development of (AI) technology countries.

Download or read book Artificial Intelligence written by Jacob Parakilas and published by Chatham House (Formerly Riia). This book was released on 2018 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The rise of AI must be better managed in the near term in order to mitigate longer term risks and to ensure that AI does not reinforce existing inequalities"--Publisher.

Download or read book The AI Economy written by Roger Bootle and published by Nicholas Brealey. This book was released on 2019-11-26 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gold winner in Business Technology category, 2020 Axiom Business Book Awards Extraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time. A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future. Extraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time. A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future.

Download or read book Robots and AI written by Lili Yan Ing and published by Taylor & Francis. This book was released on 2022-06-13 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robots and artificial intelligence (AI) are powerful forces that will likely have large impacts on the size, direction, and composition of international trade flows. This book discusses how industrial robots, automation, and AI affect international growth, trade, productivity, employment, wages, and welfare. The book explains new approaches on how robots and artificial intelligence affect the world economy by presenting detailed theoretical framework and country-specific as well as firm-product level-specific exercises. This book will be a useful reference for those researching on robots, automation, AI and their economic impacts on trade, industry, and employment. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Download or read book How Any Why Artificial Intelligence Impacts Economy Growth written by Johnny Ch Lok and published by . This book was released on 2019-12-25 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁How can (AI) technology impact to global economic and social and psychological changes? What will be the development of (AI) technology and predictions concerning the future evolution? The computers and robots will develop conscious, intelligent and minds into humans, enhancing psychological and behavioral abilities and allowing for direct communication with (AI) minds. (AI) technology will be impacted human life by (AI) technology information communicative and environmental influence. A " world brain" and " world mind", this psychological system will be enhanced and enriched the capacities of both individual and collective cognition by (AI) technology of service industries.(AI) technology with influence these human needs of service industries changes, such as, biological science, finance, entertainment, business, biological science, transportation, communication military etc. The personal computer evolution, the internet and the world wide web which exploded on the scene, linking business, homes, schools, social organizations which were a completely unpredicted phenomenon to influence human life. Kurzweil (1999) predicts that by 2029 year, most human communication will be with machines. According to Person, by 2100 year, there will be human machine convergence. How can (AI) technology influence environmental protection to make benefits to farming economic growth? (AI) technology can be applied to predict how to solve environmental pollution challenge to avoid to damage any crop or vegetable or rice or fruit etc. food growth. Because environmental experts can gather global environmental pollution data from an environmental database to build a perform a systematic analysis from (AI) technology. The first step is this broad analysis can include understanding, statistical and data gathering techniques to obtain the relevant data, the correlation among the variables involved, and a list of possible models. The next step is to select a set of methods and models that cover all kinds of knowledge and functionalities needed for the decision making process. Once the models are selected, they must be fully implemented by means of machine learning, data mining, statistical or numerical technique. After that, those models must be integrated to build the whole EDSS. The EDSS must be tested to check its performance, accuracy, usefulness and reliability, both from the user's and (AI) technology/computer scientist's point of view. If these is any wrong feature in any development stage, such as model's integration, models' implementation, selection of models, database, problem analysis etc. the developers must come back in the update th required components. When the evaluation phase is all right, the EDSS is ready to be applied to the environment. The great contribution of artificial intelligence to EDSS the integration of several methods complementing the classical statistical models/simulation, statistical analysis, linear models, etc. and numerical models ( control algorithms, optimization techniques etc.) .