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Artificial intelligence (AI) is an important driving force of the new round of technological revolution and industrial change, and the development of a new generation of AI can help improve comprehensive national power and promote healthy and sustainable economic development. AI can promote economic development through four ways. First, AI replaces labor, expands labor connotation, increases labor supply, and enriches labor wealth; AI empowers laborers and improves labor productivity. Second, AI empowers the three industries and improves production efficiency. Third, AI creates consumer surplus and improves social welfare. Fourth, AI empowers government to correct government failure and improve government efficiency, which in turn corrects market failure and improves economic efficiency. The economic subsystem covers both quantitative and qualitative aspects of economic growth, economic structure, economic efficiency, and economic support. Environmental subsystems are divided into environmental quality, environmental pollution, and environmental protection. While using AI to promote economic development, it is also important to strengthen the research and prevention of potential risks of AI development to ensure that AI is safe, reliable, and controllable.