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How Does Artificial Intelligence Widen the Gap Between the Rich and the Poor?
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How Does Artificial Intelligence Widen the Gap Between the Rich and the Poor?
New technologies have transitioned the face of the global economic status. The most
distinct effect of emerging technologies is the widening of the global economy. The
application of technology in diverse fields increases global reliance on innovation and
technology and influences the digitalization process that marks the difference between
developed and undeveloped economies. The automation of the world economies through the
new technologies has a significant impact on developing economies but favours the
developed economies. According to Suri (2017), new technologies pose the challenge of
widening the gap between the rich and the poor. Artificial intelligence is on the rise in recent
years, defining the limits and differences between the poor and the rich.
Products or services that Use Artificial Intelligence
Artificial intelligence influences robotics operations and services such as the machine
