💵Artificial Intelligence & Global Economy 💎Your Daily Dose of Knowledge💎 💡Artificial intelligence (AI) and machine learning (ML) are being embraced by greater numbers of individuals, businesses, and governments as rising efficiency and productivity are permitting exponential growth in certain sectors of the global economy. 🔨However, the gap in efficiency and productivity between those sectors and businesses benefitting from AI and ML versus those that have not is also growing exponentially. ⚠️This risks leaving those at the bottom further and further behind with less and less chance of catching up with the leaders. 👉Most countries have only just begun to think seriously about their own AI future, with the larger economies having only announced their own AI initiatives in 2017 and 2018. 💀The others must contemplate a future in which technological, economic, and military supremacy becomes the domain of those few countries with the deepest pockets, the best AI-oriented talent, and a magnitude of state resources that can be directed toward achieving AI supremacy. 🚓The implications of having a small handful of countries controlling cutting-edge AI in the future are profound. 🎯Leading companies in these countries will achieve and maintain an even more noteworthy lead in the global economic arena, granting them a substantial competitive advantage. 🎯The militaries of these countries would become primary beneficiaries of the AI technologies of the future, spurring a global race for superior autonomous weaponry and propelling the world toward dangerous new means of waging war. 🎯Companies must increasingly address a plethora of paradigms, technologies, and governance rules. Data highways are becoming the new shipping routes. Cloud storage is gradually taking the place of shipping containers and warehouses. 🎯Decentralization and digitization are likewise replacing conventional means of communicating and transacting. Src: https://bit.ly/3kbS7qr #dondailyknowledge