Publication: Artificial Intelligence: Investment Trends and Selected Industry Uses
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Date
2019-09
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2019-09
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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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“Mou, Xiaomin. 2019. Artificial Intelligence: Investment Trends and Selected Industry Uses. EMCompass,no. 71;. © International Finance Corporation. http://hdl.handle.net/10986/32652 License: CC BY 3.0 IGO.”
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