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In an increasingly automated world, Artificial Intelligence (AI) promises to revolutionize how people work, consume, and develop their societies. Science and technology advancement has led humans to seek solutions to problems; however, AI-based technology is not novel and has a wide range of economic applications. This paper examines AI applications in economics, including stock trading, market analysis, and risk assessment. A comprehensive taxonomy is proposed to investigate AI applications in various scopes of the proposed categories. Furthermore, we will discuss this area’s most significant AI-based techniques and evaluation criteria. As a final step, we will identify challenges, open issues, and future work suggestions.
Rahmani et al. (2023) studied this question.
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