Artificial Intelligence : Investment Trends and Selected Industry Uses
The global race to fund, develop, and acquire artificial intelligence (AI) technologies and start-ups is intensifying, with commercial uses for AI proliferating in advanced and emerging economies alike. AI can increase gross domestic product (GDP)...
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| Format: | Brief |
| Language: | English |
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International Finance Corporation, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/617511573040599056/Artificial-Intelligence-Investment-Trends-and-Selected-Industry-Uses http://hdl.handle.net/10986/32652 |
| Summary: | The global race to fund, develop, and
acquire artificial intelligence (AI) technologies and
start-ups is intensifying, with commercial uses for AI
proliferating in advanced and emerging economies alike. AI
can increase gross domestic product (GDP) growth in both
advanced countries and emerging markets. In energy, AI can
optimize power transmission. In healthcare, diagnosis and
drug discovery will benefit enormously from AI. In education
it can improve learning environments and learning outcomes
and can better prepare youth for transition to the
workplace. In manufacturing, AI can help design better
products in terms of functionality, quality, and cost, and
improve predictive maintenance. AI can help extend credit
and financial services to those who lack them. The potential
impact of AI on transportation and logistics goes far beyond
automation and road safety to span the entire logistics
chain. Yet with the exceptions of China and India, emerging
markets have received only a modest share of global
investment in this advanced technology, despite the fact
that they may benefit more from AI implementation than
advanced economies. |
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