Barr – Artificial Intelligence: Hypothetical Scenarios for the Future – Forex Factory
From federalreserve.gov
Advances in artificial intelligence (AI) have accelerated rapidly over the past few years. It is now commonplace to see autonomous vehicles navigating city streets, and generative AI tools are available on phones and other devices wherever we go. AI innovations make headlines and play a big role in financial markets, and generative AI has the potential to change how we think about productivity, labor markets and the macroeconomy. Today, I will address that question by outlining two hypothetical scenarios for AI’s impact and the implications for businesses, regulators, and society. I will focus my comments on … (full story)
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Vice Chair for Supervision Michael S. Barr discusses the potential impacts of AI on financial stability and the regulatory considerations surrounding it. The C. Peter McColough …
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