Get the latest tech news
Fed Chair Powell Says AI Is Coming For Your Job
Federal Reserve Chair Jerome Powell told the U.S. Senate that while AI hasn't yet dramatically impacted the economy or labor market, its transformative effects are inevitable -- though the timeline remains uncertain. The Register reports: Speaking to the US Senate Banking Committee on Wednesday to ...
Federal Reserve Chair Jerome Powell told the U.S. Senate that while AI hasn't yet dramatically impacted the economy or labor market, its transformative effects are inevitable-- though the timeline remains uncertain. Powell declined to predict how quickly that change could happen, only noting that the final few leaps to get from a shiny new technology to practical implementation can be a slow one. AI is likely to follow that trend, Powell asserted, but he has no idea what sort of timeline that puts on the eventual economy-transforming maturation point of artificial intelligence.
Or read this on Slashdot