ARTIFICIAL INTELLIGENCE AS A DRIVER OF NON-INFLATIONARY ECONOMIC GROWTH

Abstract

Introduction. The aim of the study is to assess the impact of the artificial intelli-gence market on economic growth in Russia. Materials and methods. The methodological basis of the analysis was the views of the neoclassical economic school on the dynamics of the inter-action of the most important macroeconomic variables. The study successfully applied a modi-fied Cobb-Douglas production function, to which a new production factor was added – artificial intelligence market capitalization. Research results. The statistical modeling of the dynamics of Russian GDP allowed us to draw the following conclusions: the growth of capitalization of the artificial intelligence market in Russia is already having a significant impact on the dynamics of Russian GDP; the impact of this macroeconomic factor on the level of employment differs sig-nificantly from a similar impact in developed countries; the creation of favorable conditions for public and private investment in the development of the digital economy will allow Russian business to reduce the gap with developed countries in labor productivity and enter a trajectory of sustainable economic growth. Discussion and conclusion. In addition, the study found that the expanded use of artificial intelligence in the economy will help reduce the level of inflation in the country.