Theoretical and Applied Economics (May 2024)
AI ethical consequences in business and society
Abstract
The paper aims to explore ethical consequences because of wide-spread adoption of artificial intelligence (AI) in business in society. The pace of development in the recent period has been very significant, creating a new wave of disruption. This is particularly pertinent given the lack of AI regulation and limited understanding of its side-effects on the long run. Some of the changes are already visible, while the others are merely imagined, nevertheless requiring examination and handling. Embracing technology advancements for their benefits and opportunities, we should not overlook their wider implications in business and in our society in general.