Fed’s Barr Warns AI Could Lower Prices While Concentrating Market Power
PYMNTS | ·
Artificial intelligence (AI) could make businesses more productive and lower consumer prices but leave workers with a smaller share of the gains, Federal Reserve Gov. Michael Barr warned on Thursday (Nov. 12). Speaking at Yale University, Barr said AI’s economic effects will depend on whether it complements workers or replaces them, how widely businesses can […] The post Fed’s Barr Warns AI Could Lower Prices While Concentrating Market Power appeared first on PYMNTS.com .