as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
describe the effect of artificial intelligence on the global economy.
user
artificial intelligence has had a transformative effect on the global economy, allowing businesses to automate mundane tasks and stimulate productivity. ai-enabled technologies are finding applications across numerous industries, from healthcare and finance to retail and logistics. ai is also lowering the cost of personalized services, driving innovation in customer service and marketing, and introducing new data-driven methods of predicting and optimizing economic outcomes.
assistant