Bostic: firms tell me they’re eager to replace humans with AI
Atlanta Fed chief says technology will have ‘unique’ impact on workers at all skill levels
Raphael Bostic has spoken of how the impact of artificial intelligence on the US labour market has increased significantly in recent months, with companies openly expressing their willingness to use bots instead of people.
In a moderated discussion at Fisk University on October 7, the president of the Federal Reserve Bank of Atlanta said the Federal Reserve system had been monitoring AI use over the past two years. However, he said he had noted a critical shift over the previous three or four
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