The Impact of AI on Economic Growth Between China and the United States During the Period 20112021

Abstract

With the introduction of the concept of Industry 4.0 and the widespread use of artificial intelligence in various fields, this paper explores whether the development of artificial intelligence in China and the United States has affected economic development within the last decade. The results show that AI development in both China and the US will impact economic development and that there is a positive relationship between AI and economic development. Meanwhile, comparing the effects of AI on economic growth in these two countries, it is found that the United States would gain more benefits from the higher level of development of AI.