Advanced International Journal of Multidisciplinary Research

E-ISSN: 2584-0487

An Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 2 Issue 5 September-October 2024 Submit your research before last 3 days of October to publish your research paper in the issue of September-October.

The Evolution of Artificial Intelligence and its Impact on Economic Paradigms in the USA and Globally

Author(s) MD Nadil khan, Shariful Haque, Kazi Sanwarul Azim, Khaled Al-Samad, A H M Jafor, Md. Aziz, Omar Faruq, Nahid Khan
Country United States
Abstract This vision argues the changing paradigms and nature of economy thanks to Artificial Intelligence (AI) in the U.S. and beyond the country. AI's economic impact analysis is achieved through a descriptive review of the AI's birth and life from its inception to current highly sophisticated applications. This life and death review also analyzes key economic sectors, for example, finance, manufacturing, and services influenced by AI. Executing a multi-purpose approach that uses both data analysis and comparative case studies to the research, statistics show that there are major differences in the way AI technologies are integrated and then come up with the outcome of the economy in different economic frameworks. The research show that between the USA and other countries, AI has been remarkable in the sense that such innovations and efficiencies have been realized with growth rates varying. There are multi-factors that differ which lead to the disparity of impact for instance; technological readiness and standards of law in the countries. In addition, this work exposes the problematic aspects of adoption of AI integration and the ethical considerations which should be taken care of through policies that facilitate innovation but also contributes to addressing disparities and ethical issues. AI will be a core driver in the process of global economic transformation, which means the labour of those in positions of power will be directed to the strategic planning in order to smoothly integrate new powerful technologies into their respective industries. This paper to the ongoing debate about the place of AI in financial development, aimed at providing useful outcomes to help managers make strategic decisions the increasingly AI-driven world.
Keywords Artificial Intelligence, Economic Impact, Technological Innovation, USA, Global Economy, Ethical Considerations, Economic Transformation, AI Regulation, Technological Disparity
Discipline Other
Published In Volume 2, Issue 5, September-October 2024
Published On 2024-09-14
Cite This The Evolution of Artificial Intelligence and its Impact on Economic Paradigms in the USA and Globally - MD Nadil khan, Shariful Haque, Kazi Sanwarul Azim, Khaled Al-Samad, A H M Jafor, Md. Aziz, Omar Faruq, Nahid Khan - AIJMR Volume 2, Issue 5, September-October 2024. DOI 10.62127/aijmr.2024.v02i05.1083
DOI https://doi.org/10.62127/aijmr.2024.v02i05.1083
Short DOI https://doi.org/g6jjdf

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