Part 1/7:
The Impact of AI on the Economy: A Hypothetical Exploration
In a recent discussion led by Andrew Ross Sorkin, Vice Chair of Supervision at the Federal Reserve, a range of insights regarding the future of artificial intelligence (AI) and its implications on the economy were shared. The conversation underscored the rapid advancements in AI, particularly generative AI (gen AI), and its potential to affect productivity, labor markets, and the macro economy significantly.