Chart of the Week: The Fed’s AI Singularity Wake-Up Call
A recent chart from the Fed indicates that economists realize AI could cause growth to accelerate exponentially.
The Dallas Fed released a study titled Advances in AI Will Boost Productivity, Living Standards Over Time in June.
Artificial intelligence (AI), like many technologies before it, offers the potential to improve people’s living standards.
Authors Mark A. Wynne and Lillian Derr note that their views are not attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System.
The chart provided is telling, highlighting the potential impact of AI on productivity and living standards.
Author's summary: Fed acknowledges AI's potential impact on growth.