Fed’s Barr Warns AI Could Disrupt US Job Market
Barr said the US should be prepared for the risk of “serious short-term disruptions” in the job market due to AI.
Story updates
03:03:38 PM UTC
SquawkNews
Fed's Barr: US Should Be Prepared For Risk Of 'Serious Short-Term Disruptions' In Job Market Due To AI
03:26:44 PM UTC
SquawkNews
The rise of artificial intelligence could bring about serious short-term disruptions in the labor market, Fed governor Michael Barr says at an event at Yale University. The extent of that disruption, should AI prove capable of displacing humans, would depend on society's reaction, he says. It would…