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In: Economics

What is Artificial Intelligence (AI)? How is AI integrated into the manufacturing and service sectors?   How...

What is Artificial Intelligence (AI)? How is AI integrated into the manufacturing and service sectors?   How is the integration of AI influencing cost and efficiencies in production? How is the integration of AI affecting the introduction of new products and marketing them? How is United States positioned globally in AI? How are Trump Administration immigration and educational policies likely to impact the competitive position of United States in AI in international markets?

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Expert Solution

AI is the intelligence dispalyed by the machines that are able to perform tasks in contrast to our human inteligence. In AI these are used for learning and problem solving.

AI perforance tasks like language transalation, voice recognization, thumb scanner, facial recognization, decision making.

AI integrated into artificial sector starting in the form of video games where one player plays other end and system plays the opposite. DUe to advancement in techniques the AI usage in these games became more from decade to decade. Than came search engines like google, yahoo where people are able to check anywhere in the world anything. Thus AI became a major key changer in the developement of world. AI is like an artificial human brain.

After that there came drones and self driving cars along with language transalation apps etc. This the volution of AI. The effect of it is called AI effect.

Integrating AI into the marketing and production will not only help for effecient production but also for earning huge demand in the markets thus earning profits. AI also has decision making skills when you keep a problem before it the solution it gives is more than 95% profitable. New products with AI technology also brings huge demand for the product which in turn increases the supplies thus booming the economy due to people crazy about new technology.

US is the first foremost Nation to introduce the technology of AI in larger scale. US is in number one position Globally due to companies like Apple, microsoft etc which are trying to bring in new features in AI.

Due to trump imigration and education policies there will be shortage of tech employess where there are countries with more tech background than US citizens. It will clearly effect the competative posistion in AI market due to its lack of tech guys who are the core of creating AI.


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