AI’s technological trend that is altering our economic perspectives
AI is part of the digital revolution, we are urged to measure everything, store it and analyses it. The ability to retrieve Insights from stored data in a specific field may cost millions of dollars due to increasing costs of computing, storage, data transfer , etc. For example, Genome editing, which involves making changes to human DNA, can have potential cure for cancer, blood disorders, and rare genetic illnesses for which medicines aren’t yet developed. What is the social and economic cost for this trend?