Some Economic Aspects of Artificial Intelligence Technologies and Their Expected Social Value

Artificial intelligence is a general-purpose technology which will result in disruptive innovation across the economy for many decades to come. AI deserves the superlatives that are often associated with it because it can create enormous social value. That is clear from just considering health care. Early evidence indicates that AI can dramatically improve the accuracy of diagnoses, such as for breast cancer. The deployment of AI as an internet-based technology could help billions of people who