The Artificial Intelligence Revolution: Ethical Frontiers, Impact and Regulation

Artificial Intelligence (AI) has rapidly transformed industries and redefined global economic and social landscapes. This paper explores the multifaceted impact of AI systems across key sectors such as healthcare, finance and retail and the economic implications of AI – including its potential to contribute trillions to the global GDP and its dual role in creating and displacing jobs. Additionally, this paper critically addresses the core ethical issues emerging from AI integration such as bias and fairness, transparency and explainability, sustainability, and misuse and weaponization. It also analyzes ongoing efforts to solve these issues and various case studies in order to highlight the importance of the ethical use of AI. As AI systems continue to evolve, ensuring that their progress aligns with ethical standards and human values remains one of the most pressing challenges of our time.