'AI Risks 'Substantial Disruptions' In Jobs Markets, Warns IMF Official' - Financial Times
Portfolio Pulse from Benzinga Newsdesk
An IMF official warns that AI could cause 'substantial disruptions' in job markets, potentially affecting stock prices of companies heavily invested in AI technology.
June 05, 2023 | 6:03 pm
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The S&P 500 ETF (SPY) may be affected by the IMF official's warning on AI's potential impact on job markets, as it includes companies heavily invested in AI.
The IMF official's warning on AI's potential to disrupt job markets could lead to increased regulatory scrutiny and potential negative sentiment towards companies heavily invested in AI. This may result in a short-term negative impact on the stock prices of such companies, which are included in the S&P 500 ETF (SPY).
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