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For the last few years, one can see the emergence of a large number of intelligent products and services, their commercial availability and the socioeconomic impact, this raises the question if the present emergence of AI is just hype or does it really have the capability of transforming the world. The paper investigates the wide range of implications of artificial intelligence (AI), and delves deeper into both positive and negative impacts on governments, communities, companies, and individuals. This paper investigates the overall impact of AI - from research and innovation to deployment. The paper addresses the influential academic achievements and innovations in the field of AI; their impact on the entrepreneurial activities and thus on the global market. The paper also contributes in investigating factors responsible for the advancement of AI. For the exploration of entrepreneurial activities towards AI, two lists of top 100 AI start-ups are considered. The inferences obtained from the research will provide an improved understanding of the innovations and the impact of AI on businesses and society in general. It will also provide a better understanding of how AI can transform the business operations and thus the global economy.
Soni et al. (Wed,) studied this question.