Artificial Intelligence
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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Format: | Brief biblioteca |
Language: | English |
Published: |
International Finance Corporation, Washington, DC
2019-09
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Subjects: | MACHINE LEARNING, ARTIFICIAL INTELLIGENCE, INFRASTRUCTURE INVESTMENT, EMERGING MARKET ECONOMIES, ENERGY TRANSMISSION, HEALTH DIAGNOSIS, LEARNING ENVIRONMENT, PREDICTIVE MAINTENANCE, FINANCIAL SERVICES, LOGISTICS, |
Online Access: | http://documents.worldbank.org/curated/en/617511573040599056/Artificial-Intelligence-Investment-Trends-and-Selected-Industry-Uses https://hdl.handle.net/10986/32652 |
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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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