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2 - Artificial Intelligence and Economics

A Gentle Introduction

Published online by Cambridge University Press:  23 May 2024

Wim Naudé ,
Thomas Gries  and
Nicola Dimitri
Wim Naudé
Affiliation:
Rheinisch-Westfälische Technische Hochschule, Aachen, Germany
Thomas Gries
Affiliation:
Universität Paderborn, Germany
Nicola Dimitri
Affiliation:
Università degli Studi, Siena
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Summary

In this chapter, we describe the development of AI since World War II, noting various AI “winters” and tracing the current boom in AI back to around 2006/2007. We provide various metrics describing the nature of this AI boom. We then provide a summary and discussion of the salient research relevant to the economics of AI and outline some recent theoretical advances.

Keywords

AI wintersAI boomAI development timelinenature of AIeconomics of AIbig datamachine learning
Type
Chapter
Information
Artificial Intelligence
Economic Perspectives and Models
 , pp. 22 - 59
Publisher: Cambridge University Press
Print publication year: 2024

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