AI IN SOCIETY: A REGULATORY FRAMEWORK FOR RESPONSIBLE INTEGRATION

This review paper studies the influence of Artificial Intelligence (AI) and Machine Learning (ML) on society in various categories in detail. AI and ML have developed rapidly in the past two decades, thus changing our lifestyles. These developments have various positive and negative impacts on society. This paper explores the many societal impacts of AI and ML, in economics, social aspects, ethics, and policy, shedding light on the opportunities and challenges that arise. An interdisciplinary insight is capable of understanding the challenges society faces when it uses AI and ML, locking opportunities that lie ahead and identifying promising paths towards the use of AI and ML for the betterment of society.