Abstract
Considering the extreme significance of artificial intelligence (AI) for the academic research, business practices as well as governmental policies, this article reviews the development and application of AI via a management and development perspective. In particular, this article starts with the discussions how AI might bring about new competition and collaboration relationships among countries and firms. We then analyse key elements for AI firms to secure public funding. In addition, this study summarises the characteristics of AIs new applications in multiple business scenarios, such as entrepreneurial social networks and strategic human resource management. Finally, the relationship between blockchain and AI is briefly introduced.