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Artificial Intelligence as a New Factor of Global Economic Growth

Author

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  • Vasile MAZILESCU

    (Dunarea de Jos University of Galati, Romania)

Abstract

The main purpose of this paper is to outline that Artificial Intelligence (AI) will have a huge impact on the global economy, and global GDP could increase as a result of its implementation, making AI the biggest trading opportunity in the ever-changing economy. Intelligence is the extraordinary ability of a system to reason, calculate, perceive relationships and analogies, classify, generalize, learn from experience, store and retrieve information from memory, adapt new situations, solve planning problems, comprehend complex ideas, use natural language fluently. Software that uses intelligence will most contribute to the growth of AI as an industry in the coming years. When we have data from the people, processes, and things that reside on our network and analyze that data by looking at patterns semanticaly, you can better identify emerging customer needs, uncover trends, and innovate faster than competitors. The more data we can collect and analyze, the more opportunities will open more for us.

Suggested Citation

  • Vasile MAZILESCU, 2018. "Artificial Intelligence as a New Factor of Global Economic Growth," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 124-133.
    • Handle: RePEc:ddj:fseeai:y:2018:i:3:p:124-133
    DOI: https://doi.org/10.26397/eai1584040924
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    References listed on IDEAS

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    1. Deniz ZUNGUN & Emine Turkan AYVAZ GUVEN & Florina Oana VIRLANUTA & Ozge ONKAN, 2015. "The Major Obstacle to Economic Growth for EU Countries: Unequal Income Distribution," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 42-51.
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