The sunny and the dark side of AI

 

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“In the years ahead, AI will raise three big questions for bosses and governments. One is the effect on jobs. ”

“A second important question is how to protect privacy as AI spreads. ”

“The third question is about the effect of AI on competition in business. A technology company that achieves a major breakthrough in artificial intelligence could race ahead of rivals, put others out of business and lessen competition. ”

“Retailing is an illustration of how AI can help large firms win market share. Amazon, which uses AI extensively, controls around 40% of online commerce in America, helping it build moats that make it harder for rivals to compete. ”

“Just as the internet felled some bosses, those who do not invest in AI early to ensure they will keep their firm’s competitive edge will flounder.”

Full article here:

https://www.economist.com/news/special-report/21739430-ai-will-mainly-be-good-business-mind-pitfalls-sunny-and-dark-side

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