Introduction

Georgios I. Zekos
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Georgios I. Zekos: International Hellenic University

Chapter Chapter 1 in Economics and Law of Artificial Intelligence, 2021, pp 3-11 from Springer

Abstract: Abstract Artificial intelligence is becoming global and so, it is encompassing various industries and transforming commerce, which means that AI is having tremendous economic consequences akin to transformational technologies of the past, such as electrification, manufacturing, and information technology. Algorithmic decision-making presents multiple benefits to society and so, algorithms surpass human abilities, and the set of those tasks is escalating. AI and its usage have significant impact on human lives and society as a whole. AI involves a number of potential risks, such as opaque decision-making, gender-based or other kinds of discrimination, intrusion in private lives, or being used for criminal purposes.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-64254-9_1

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DOI: 10.1007/978-3-030-64254-9_1

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