Artificial Intelligence and State Economic Security

Artificial intelligence (AI) is one of the greatest contemporary threats to our planet's social and economic well-being, accompanied by tremendous advances in education, health, economic growth, transportation, environmental sustainability and energy etc. Hence, there is an urgent need to control and govern AI. In this context, the purpose of this article is to present the risks of AI race and its effects on the state economic security of countries. To emphasize the importance of the topic at the beginning, this article presents consequences of AI as a great game changer from government politics, international political economy, and international security point of view. Next, difficulties like security dilemma and potential shifts and volatility in national sovereignty and economic power by causing oligopolistic global market structure in the world are shown. This article describes also a solution in order to design global norms, international institutions, and policies ensuring the beneficial use of AI in terms of having strategic stability between great powers, international economic security, and fair redistribution of economic power on the domestic and international level. In this context, due to growing awareness of the negative impact of AI among states, the necessity of the AI to be defined as a global public good is emphasized which may be pivotal for reducing existential risks of AI.