AI demands ‘deep organisational changes’ at central banks – paper
NBER study finds around half of Fed roles could be impacted significantly by adoption of technology
Around half of the job types within the Federal Reserve System could be impacted significantly by artificial intelligence, a new paper finds – and although AI could boost productivity, achieving major gains will require “deep organisational changes”.
The study, published this month by US-based think-tank the National Bureau of Economic Research, explores how central banks could adopt AI in their processes, and takes the Fed as its focus.
Authors Sophia Kazinnik and Erik Brynjolfsson say that
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