Artificial Intelligence-Driven Entrepreneurship: Transforming Business Creation, Innovation, and Sustainable Economic Growth

Artificial Intelligence (AI) has become a revolutionary influence on entrepreneurial methods, company innovation, and global economic advancement. This study investigates AI-driven entrepreneurship, emphasising the impact of intelligent technology on opportunity recognition, business formation, decision-making processes, and value creation in contemporary firms. The paper examines the theoretical underpinnings of Artificial Intelligence and entrepreneurship, emphasising how their convergence generates novel types of digital and technology-driven enterprises. It further examines the uses of AI in entrepreneurial endeavours, encompassing opportunity identification, company planning, marketing, financial management, supply chain optimisation, and customer relationship management. The study examines the advantages of AI-driven entrepreneurship, including increased productivity, greater creativity, cost efficiency, scalability, competitive advantage, and its role in economic growth and job creation. The study also cites significant hurdles related to AI adoption in entrepreneurship, such as elevated implementation costs, data privacy issues, algorithmic bias, regulatory ambiguities, and a deficiency of expertise. Ethical aspects, including transparency, accountability, and ethical AI utilization, are rigorously analyzed. The article contextualizes AI-driven entrepreneurship in emerging economies, specifically Nigeria, highlighting the substantial prospects for economic diversification, youth empowerment, and digital transformation, notwithstanding infrastructural and institutional limitations. The study indicates that AI-driven entrepreneurship signifies a transformative change in modern business practices, providing significant prospects for innovation and sustainable development when effectively utilised. It advocates for enhanced policy frameworks, investment in digital infrastructure, development of entrepreneurial capabilities, and curricular reforms to facilitate AI adoption. AI is regarded as a significant facilitator of contemporary entrepreneurship and a crucial catalyst for future economic competitiveness.

Keywords: Artificial Intelligence-Driven Entrepreneurship, Transformation, Business Creation, Innovation, Sustainable Economic Growth.

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