The Intersection of Technology and Finance: Understanding Artificial Intelligence as a Global Economic Driver

Abstract

The research also examines the economic gaps between developed and developing countries, noting that artificial intelligence can provide immense opportunities for growth but must be managed in a way that promotes equity and reduces disparities. The research concludes with a set of recommendations to enhance the benefits of artificial intelligence in achieving sustainable economic growth, emphasizing the need to develop technological skills and vocational training to keep pace with rapid advancements in this field.

By reviewing applications of artificial intelligence in the financial sectors, healthcare, transportation, and e-commerce, the research demonstrates how AI enhances institutions' ability to innovate and deliver customized solutions to customers. The research also discusses the ethical and social challenges associated with AI, including issues of privacy, digital security, and the impact of automation on the labor market.

In the digital age we live in, artificial intelligence (AI) is one of the most prominent technological forces driving profound changes in the structure of the global economy. This research explores the impact of AI on the global economy by analyzing how it can contribute to improving efficiency, innovation, and achieving economic growth. The research shows that AI can contribute approximately $13 trillion to the global economy by 2030, boosting the global GDP by an average of 1.2 percent annually.