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University of Bridgeport Textbooks > Artificial Intelligence, Automation, and the Economy

Artificial Intelligence, Automation, and the Economy

ISBN:1542548888

ISBN13:9781542548885

Publisher:CreateSpace Independent Publishing Platform

Author:Executive office of the United States of America

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Artificial Intelligence, Automation, and the Economy Description

Advances in Artificial Intelligence (AI) technology and related fields have opened up new markets and new opportunities for progress in critical areas such as health, education, energy, economic inclusion, social welfare, and the environment. In recent years, machines have surpassed humans in the performance of certain tasks related to intelligence, such as aspects of image recognition. Experts forecast that rapid progress in the field of specialized artificial intelligence will continue. Although it is unlikely that machines will exhibit broadly-applicable intelligence comparable to or exceeding that of humans in the next 20 years, it is to be expected that machines will continue to reach and exceed human performance on more and more tasks. AI-driven automation will continue to create wealth and expand the American economy in the coming years, but, while many will benefit, that growth will not be costless and will be accompanied by changes in the skills that workers need to succeed in the economy, and structural changes in the economy. Aggressive policy action will be needed to help Americans who are disadvantaged by these changes and to ensure that the enormous benefits of AI and automation are developed by and available to all. Following up on the Administration’s previous report, Preparing for the Future of Artificial Intelligence, which was published in October 2016, this report further investigates the effects of AI-driven automation on the U.S. job market and economy, and outlines recommended policy responses. This report was produced by a team from the Executive Office of the President including staff from the Council of Economic Advisers, Domestic Policy Council, National Economic Council, Office of Management and Budget, and Office of Science and Technology Policy. The analysis and recommendations included herein draw on insights learned over the course of the Future of AI Initiative, which was announced in May of 2016, and included Federal Government coordination efforts and crosssector and public outreach on AI and related policy matters. Beyond this report, more work remains, to further explore the policy implications of AI. Most notably, AI creates important opportunities in cyberdefense, and can improve systems to detect fraudulent transactions and messages.

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