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The Use of Artificial Intelligence in Trade Activities

Author

Listed:
  • Anca Cristina Stanciu

    (“Ovidius” University of Constanta, Faculty of Economics Sciences, Romania)

  • Elena Condrea

    (“Ovidius” University of Constanta, Faculty of Economics Sciences, Romania)

  • Valentina Irena Tudoran (Niculita)

    (The Bucharest University of Economic Studies, Romania)

Abstract

The present work starts from the finding that Artificial Intelligence (AI) is increasingly influencing our lives. The integration of artificial intelligence (AI) in the economic field has experienced an extremely rapid transformation, in the trade activity being obviously visible from production and logistics, to financial services and customer relations. Since predictions show that, by the beginning of the next decade, the transition to Artificial Intelligence could become a major engine of global prosperity, in this context, the paper aims to highlight the conceptual framework, the advantages, but also the risks associated with the integration. of AI technologies in trading companies, considering that many traders and investors are adopting this technology to improve their trading strategies.

Suggested Citation

  • Anca Cristina Stanciu & Elena Condrea & Valentina Irena Tudoran (Niculita), 2024. "The Use of Artificial Intelligence in Trade Activities," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 525-531, August.
  • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:525-531
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    More about this item

    Keywords

    artificial intelligence; trade; strategies; development;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

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