Artificial Intelligence Can Devise An Optimal Tax Policy To Reduce Inequality -- AI Daily - Artificial Intelligence News

Identifying the optimal level of taxation is quite complex. Human behaviour is highly unpredictable and gathering data can be time consuming. Despite decades of economic research being put into finding the optimal tax rate, it remains an open problem. But, scientists at the US business technology company, Salesforce, believe they may have found the key to solving the problem – Artificial Intelligence. The team has developed an AI system called the AI Economist, which uses reinforcement learning technology to identify the optimal level of taxation to make reduce inequality.