Fed Governor Michael Barr Says 'AI Is A Big Deal' That Could 'Transform Economies' And Affect Monetary Policy - iShares Future AI & Tech ETF (ARCA:ARTY), Global X Artificial Intelligence & Technology

Federal Reserve Governor Michael Barr discussed two potential scenarios of the AI revolution and its impact on the economy.Barr Outlines AI's Potential Economic ImpactIn Tuesday’s speech at the Singapore Fintech Festival on Tuesday, Barr said, “AI is a big deal that will transform economies.”He described two “possible scenarios” for the AI revolution. In the first, AI would gradually enhance existing tasks and jobs. In the second, it would trigger a profound transformation, redefining work and leisure, incr ...