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The contemporary business environment has been revolutionized by artificial intelligence (AI), which has undoubtedly impacted the operational and competitive strategies of small and medium-sized enterprises (SMEs). In this write-up, we delve into AI’s influence on SMEs by delving into the advantages, obstacles, and prospects associated with adopting AI technology. Based on an exhaustive analysis of current literature, this essay contends that SMEs can optimize their functions, enhance decision-making processes, and deliver superior customer experiences with the adoption of AI. However, SMEs face several challenges in embracing AI technology, including the high cost of implementation, lack of technical expertise, and concerns about data confidentiality and security. This chapter also illuminates prospective opportunities that SMEs can leverage through AI, such as establishing a foothold in new markets and competing effectively with larger enterprises. Overall, this chapter concludes that SMEs must carefully evaluate the costs and benefits of adopting AI, and develop a strategic plan for implementation that aligns with their business goals and resources.

The financial sector’s growing interest in leveraging artificial intelligence (AI) for forecasting has been noted in recent years. In this chapter, we delve into the application of AI in financial forecasting within Indonesia’s stock market. Our primary focus is to assess how AI’s prediction potential can impact investors and financial regulators in this context. Our review spans existing literature on AI and financial forecasting, recent developments in the Indonesian stock market, and ethical and regulatory concerns that surround AI in finance. Our analysis indicates that AI can enhance forecast accuracy in Indonesia’s stock exchange; however, we must also consider limitations and challenges.