Political Economy of Artificial Intelligence

This book explores how artificial intelligence, the platform economy, and big data will impact economic development and societal change. It outlines how artificial intelligence is used as a capitalist tool that aids the corporate monopoly and creates alienating development. The ways in which artificial intelligence effects governance, economies, and global societies is also discussed, with particular attention given to how it undermines various forms of democracy. This book aims to challenge established theories on artificial intelligence and technological singularity and highlight how they create new forms of capital accumulation. It will be relevant to students and researchers interested in the economic and social impact of artificial intelligence. Bhabani Shankar Nayak is Professor of Business Management, Guildhall School of Business and Law, London Metropolitan University, UK. Nigel Walton works as Senior Lecturer Strategy & Innovation, Portsmouth Business School, University of Portsmouth, UK.