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Furious pace of AI investment on some Fed officials' radar now
Aug 6 : Federal Reserve officials are beginning to mull whether the frenzied investment driving the buildout of the artificial intelligence sector is getting out of hand and creating risks for the financial sector.For now, some of the officials who have tackled the subject call for vigilance, dashed with a se
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channelnewsasia.com
Fed's Schmid says finances around AI buildout merit watching
Aug 4 : Federal Reserve Bank of Kansas City President Jeff Schmid said on Tuesday the financial situation involved in building out the artificial intelligence sector bears…
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thenextweb.com
A Fed official is asking whether AI is becoming ‘too big to fail’
Kansas City Fed president Jeff Schmid says the sheer scale of AI investment now deserves scrutiny at a macro level, and raised whether the sector is becoming too big to fail.
