Federal Reserve chair Kevin Warsh has assembled a high-profile group of AI advocates to help evaluate how artificial intelligence could reshape the U.S. economy and influence future monetary policy.
Fed's New AI Task Force To Assess AI's Economic Impact The Federal Reserve on Thursday unveiled five external task forces, including one focused on evaluating the economic effects of emerging technologies such as artificial intelligence.
According to the Fed, the AI task force will "assess the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve's policy judgments." The panel, which will be led by venture capitalist Marc Andreessen, includes Stanford economist Charles I.
Jones and newly appointed CEO of Microsoft Corp.’s (NASDAQ:MSFT) gaming division, Xbox CEO Asha Sharma.
Read Also: Mohamed El-Erian Warns Kevin Warsh's Fed Shake-Up Signals a 'Similar Re-Evaluation' of 'Excessive Data Dependency' Ahead Kevin Warsh Sees AI As A Productivity Engine Warsh has repeatedly argued that AI could allow the U.S. economy to grow faster without triggering inflation, according to CNBC.
