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Internet finance has permeated into myriad households, bringing about lifestyle convenience alongside potential risks. Presently, internet finance enterprises are progressively adopting machine learning and other artificial intelligence methods for risk alertness. What is the current status of the application of various machine learning models and algorithms across different institutions? Is there an optimal machine learning algorithm suited for the majority of internet finance platforms and application scenarios? Scholars have embarked on a series of studies addressing these questions; however, the focus predominantly lies in comparing different algorithms within specific platforms and contexts, lacking a comprehensive discourse and summary on the utilization of machine learning in this domain. Thus, based on the data from Web of Science and Scopus databases, this paper conducts a systematic literature review on all aspects of machine learning in internet finance risk in recent years, based on publications trends, geographical distribution, literature focus, machine learning models and algorithms, and evaluations. The research reveals that machine learning, as a nascent technology, whether through basic algorithms or intricate algorithmic combinations, has made significant strides compared to traditional credit scoring methods in predicting accuracy, time efficiency, and robustness in internet finance risk management. Nonetheless, there exist noticeable disparities among different algorithms, and factors such as model structure, sample data, and parameter settings also influence prediction accuracy, although generally, updated algorithms tend to achieve higher accuracy. Consequently, there is no one-size-fits-all approach applicable to all platforms; each platform should enhance its machine learning models and algorithms based on its unique characteristics, data, and the development of AI technology, starting from key evaluation indicators to mitigate internet finance risks. [ABSTRACT FROM AUTHOR]

The Communist Party of China's 19th National Congress underlined the necessity of speeding the development of a manufacturing powerhouse and advanced manufacturing sector by supporting the deep integration of the Internet, big data, artificial intelligence, and the real economy. This study employed principal component analysis to extract the prominent risk factors from questionnaire data in order to manage the risks connected with the Internet strategic transformation of manufacturing firms. To confirm the major risk factors, a structural equation modeling was created using Amos-24 software. The findings revealed that risk factors of Internet strategic transformation in manufacturing businesses are mostly expressed in equipment flexibility risks, organizational versatility risks, smart technology risks, Internet technology risks, flexible management risks, and financing management risks. The paper offers useful theoretical and practical insights into the risks of China's manufacturing businesses' Internet strategic transformation. The findings can assist manufacturing firms in better identifying and managing these risks, supporting their smooth transition to the Internet economy. [ABSTRACT FROM AUTHOR]