Science
Conference

THE ECONOMIC IMPLICATIONS OF ARTIFICIAL INTELLIGENCE: CHALLENGES AND OPPORTUNITIES

Saidakhror Gulyamov

Science Conference
Volume: 1
Issue: 1
Date: March 5, 2024
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Abstract

Artificial Intelligence (AI) is rapidly transforming various sectors of the economy, leading to significant changes in production processes, labor markets, and economic growth. This article explores the economic implications of AI, focusing on its potential to enhance productivity, create new jobs, and disrupt traditional economic models. Using the IMRAD (Introduction, Methods, Results, and Discussion) method, we analyze the current state of AI technology and its projected impact on the economy. Our findings suggest that while AI has the potential to drive economic growth and improve living standards, it also presents challenges such as job displacement and widening income inequality. We conclude by discussing policy recommendations to mitigate the negative effects of AI while harnessing its benefits for sustainable economic development.

Keywords

Artificial Intelligence (AI), Economic Growth, Productivity, Job Displacement, Income Inequality, Policy Interventions.

References

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