Legal Aspect of Artificial Intelligence in the Digital Economy

Artificial intelligence (AI) is revolutionizing various aspects of human existence impacting industries businesses and governments worldwide. It enhances efficiency productivity and economic growth while also raising concerns about its effects. AI's role in Industry 4.0 alongside IoT 5G and other technologies is transforming manufacturing and trade. It is projected to contribute significantly to global GDP by 2030 potentially adding trillions of dollars to the economy. Various countries are formulating AI strategies and regulations to harness its potential while addressing ethical and legal challenges. The adoption of AI signifies a digital revolution with profound implications for economies and societies worldwide.