Two Fed officials don't see major upheavel from artificial intelligence

Feb 24 (Reuters) - Two Federal Reserve officials ‌on Tuesday said ‌they do not expect artificial ​intelligence technology to drive a massive upheaval in the economy.

“I am, ‌I ⁠would say a cautious optimist in ⁠this space,” Federal Reserve Bank of Boston ​President Susan ​Collins ​said at ‌a conference held by her bank. She said workers so far appear to be enhanced ‌by AI ​rather than ​displaced, ​in a view ‌echoed by Richmond ​Fed ​President Thomas Barkin, who spoke on the ​same ‌panel.

(Reporting by Michael S. ​Derby, Editing by ​Franklin Paul)

Scroll to Top