Jerome Powell: AI boom is not a bubble, could 'absolutely' affect job market

By The Hill   |   1 month ago
Jerome Powell: AI boom is not a bubble, could 'absolutely' affect job market

Federal Reserve Chair Jerome Powell expressed confidence in the growth of artificial intelligence (AI) investment, stating it was not a bubble like the dot-com era. He highlighted how leading AI companies have earnings and infrastructure, unlike the failed dot-com firms, despite concerns about job displacement.

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