Impact and Challenges Associated with AI
If these sectors are combined and world economy is seen as a whole, the impact of AI is going to alter the world economic growth significantly as substantiated below:
Way Forward
Overall, the picture that emerges is one of rising wage and employment opportunity inequality and groups with superior skill sets may capture a disproportionate share of gains. So government should invest in AI research, skilled force, and infrastructure to harness early advantage.
The manner in which AI systems unfold has major implications for society as a whole. Thus need of the hour is to balance innovation with basic human values so as to maximize the gains from this disruptive technology.