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Recent development in AI has enabled the expansion of its application tomultiple domains. From medical treatment, gaming, manufacturing to dailybusiness processes. A huge amount of money has been poured into AI research dueto its exciting discoveries. Technology giants like Google, Facebook, Amazon,and Baidu are the driving forces in the field today. But the rapid growth andexcitement that the technology offers obscure us from looking at the impact itbrings on our society. This short paper gives a brief history of AI andsummarizes various social, economic and ethical issues that are impacting oursociety today. We hope that this work will provide a useful starting point andperhaps reference for newcomers and stakeholders of the field.

The Future of Artificial Intelligence and its Social, Economic and Ethical Consequences