Artificial Intelligence from Industry 5.0 Perspective: Threats and Challenges

Artificial Intelligence represents an exciting frontier for Industry 5.0, but it also poses new threats and challenges. Unlike Industry 4.0, Industry 5.0 emphasizes human intelligence in the manufacturing process and sustainability. By combining technological advancements with human expertise, one can establish a manufacturing process that will be adaptable and highly efficient. The incorporation of AI and machine learning enables opportunities to produce customized products on a large scale still being cost-effectiveness. The paper examines the potential downsides of AI, such as job displacement, algorithmic bias, and security risks. The objective of this scientific investigation is to examine the potential downsides of AI and provide a roadmap and examples of the use of artificial intelligence technologies by the EU to create new products and services; improvement of existing offers; automation - this experience can be useful for the post-war reconstruction of Ukraine's economy. As a result of this, it's important to work together to create ethical frameworks and guidelines for AI development and deployment. By doing so, we can harness the power of AI while minimizing its negative impacts.