The Impact of Artificial Intelligence on Economic Development in Iraq

The research aims to determine the extent of the impact of artificial intelligence on economic development, and the research is based on the basic hypothesis of the extent and nature of the impact that artificial intelligence can contribute to economic development. Through answering questions like: What is artificial intelligence? What are the most important mechanisms by which artificial intelligence affects development? Has artificial intelligence had a positive or negative impact on economic development? The research has shown that artificial intelligence technology has a significant impact on production, employment, employment structure, marketing services, investment, consumption, agriculture, and other sectors. It also restructures the economy, as it enters as a factor of production - the specificity of artificial intelligence - and from here the relationship between artificial intelligence and economic development differs when artificial intelligence is viewed as a complementary factor of production. As is the case in developed countries, it can be viewed as a factor of production that has a substitution effect, as it negatively affects workers and exposes them to the risk of unemployment, as is expected in developing countries. The research reached a set of conclusions, perhaps the most prominent of which is the great similarity between human intelligence and artificial intelligence techniques, with its enormous ability to learn, analyze big data, and make decisions. All of this affected the process of accelerating the entry of technology into markets in the form of products without any assistance from the human factor. Artificial intelligence was unique in changing some economic concepts. This is due to the predictive ability of artificial intelligence, which enabled it to predict both demand and supply, and determine prices proactively. That is, making demand and supply more individual, making different markets more consistent; Because of its ability to process a huge amount of information; which makes rational expectations theory more valid.