Artificial intelligence (AI) systems are machine-based systems with varying degrees of autonomy that generate predictions, suggestions, or judgements for a set of humanspecified goals utilizing enormous numbers of alternative data sources and data analytics referred to as "big data"3 (OECD, 2019). Artificial intelligence (AI) systems are sometimes referred to as intelligent machines. Systems that are powered by artificial intelligence (AI) are increasingly finding applications in a wide range of fields, including the medical field, the financial sector, and the armed forces. Common synonyms for artificial intelligence (AI) include "machine learning" and "machine learning systems." An explanation of artificial intelligence may be found in the following: "Artificial intelligence systems" are defined by the Oxford English Dictionary as "machine-based systems that can exhibit varying degrees of autonomy." You may learn more about this concept by reading the page titled "Artificial Intelligence Systems." Once they have access to the data, the models have the potential to "self-improve" by inferentially learning from further data sets without the need for human instruction. This may occur if they learn to draw conclusions from other data sets via inference. The acceleration and strengthening of a tendency toward digitalization that was already apparent before the pandemic is a direct outcome of the spread of the COVID-19 virus. This trend was already clear before the epidemic. Utilization of artificial intelligence is included in this trend. The abundance of data that is already available, in addition to the advancements in computer capacity that have made computers both more affordable and more powerful, have made it possible for artificial intelligence to play an increasingly important role in the financial sector. This role can be seen in asset management, algorithmic trading, credit underwriting, and blockchain-based financial services, among other applications. AI4 is integrated into goods and services across a wide range of sectors, including healthcare, autos, consumer items, and the phrase "internet of things" is abbreviated as "IoT.