Artificial Intelligence as a Disruptive Technology Economic Transfor

Artificial intelligence (AI) is the latest technological evolution which is transforming the global economy and is a major part of the “Fourth Industrial Revolution.” This book covers the meaning, types, subfields and applications of AI, includi

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Artificial Intelligence as a Disruptive Technology

Rosario Girasa

Artificial Intelligence as a Disruptive Technology Economic Transformation and Government Regulation

Rosario Girasa Goldstein Academic Center 203 Pace University Pleasantville, NY, USA

ISBN 978-3-030-35974-4    ISBN 978-3-030-35975-1 (eBook) https://doi.org/10.1007/978-3-030-35975-1 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover illustration: Marina Lohrbach_shutterstock.com This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

To Susanne Marolda and Kenneth Marolda (Mother and Son) Former Students Who Taught the Instructor

Other Publications by Author Under Name of Roy J. Girasa or Rosario Girasa

Cyberlaw: National and International Perspectives (Prentice-Hall, 2002) Corporate Governance and Finance Law (Palgrave Macmillan, 2013) Laws and Regulations of Global Financial Markets (Palgrave Macmillan, 2013) Shadow Banking: Rise, Risks, and Rewards of Non-Bank Financial Services (Palgrave Macmillan, 2018) Regulation of Cryptocurrencies and Blockchain Technologies (Palgrave Macmillan, 2018)

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Preface

I had written a book entitled “Regulation of Cryptocurrencies and Blockchain Technologies,” which was published in July, 2018. A former student came to my university office who told me about her position at a “big-4” accounting firm which had called in all of the employed accountants and announced the firm’s new priorities, namely, blockchain and artificial intelligence. Both are transformative developments that will occur exponentially in the coming years. Although there are thousands of articles and many books on art