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The AI Revolution - Transforming The Monetary Landscape And Job Opportunities

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  • Challoumis, Constantinos

Abstract

While some may view artificial intelligence as a contemporary phenomenon, its roots sink deep into the annals of human ingenuity. Central to the understanding of this domain is the distinction between artificial intelligence (AI) and machine learning (ML). AI manifests as a complex branch of computer science that endeavors to emulate human cognitive functions, thereby enabling machines to perform tasks typically requiring human intelligence, such as understanding language, recognizing patterns, and making decisions. On the other hand, machine learning is a subset of AI, focusing primarily on the development of algorithms that allow computers to learn from and make predictions based on data. As data accumulates, these algorithms enhance their performance autonomously—without explicit programming, symbolizing a fundamental shift in our interaction with technology.

Suggested Citation

  • Challoumis, Constantinos, 2024. "The AI Revolution - Transforming The Monetary Landscape And Job Opportunities," MPRA Paper 122514, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:122514
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    More about this item

    Keywords

    AI revolution; monetary landscape; job opportunities;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • H0 - Public Economics - - General
    • Z0 - Other Special Topics - - General

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