Richmond Fed President Barkin Says Employers Are "Intrigued" By Potential Of AI, Particularly Those That Have Had Trouble Filling Positions
Portfolio Pulse from Happy Mohamed
Richmond Fed President Barkin stated that employers are intrigued by the potential of AI, especially those who have had trouble filling positions, according to Reuters.
May 30, 2023 | 5:38 pm
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Increased interest in AI by employers may lead to higher demand for AI-related stocks, potentially benefiting the S&P 500 ETF (SPY).
As employers become more interested in AI to fill positions, companies providing AI solutions may see increased demand for their products and services. This could lead to higher stock prices for AI-related companies, which may positively impact the S&P 500 ETF (SPY) in the short term.
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