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Chapter Five
THE NEW
ECONOMY AND
THE FUTURE
igitaltechnologyis augmenting humancapabilities,
but centuries-old human practices are being
D disrupted. Overhalf of the world’s population now
hasaccessto code-drivensystems,which offer previously
unimaginable potential as well as unprecedented risks.
This chapter will look at how artificial intelligence (AI)
will affect the economy and the future.
Investopedia defines artificial intelligence as the
simulation of human intelligence in machines that
are programmed to think like humans and mimic their
actions. AI is increasingly influencing our lives and
economies, and it has already had a significant impact
on our society in a variety of ways. The United States
and Asia are emerging as global leaders in terms of
competition for its advantages.
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