Fed's Vice Chair Of Supervision Barr Says Potential Positive, And Negative, Implications Of AI Could Be 'Quite Large'
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Vice Chair of Supervision, Richard Barr, has stated that the potential positive and negative implications of artificial intelligence (AI) could be 'quite large'.
October 02, 2023 | 5:52 pm
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The statement by the Federal Reserve's Vice Chair could impact the broader market, represented by SPY, as it indicates potential regulatory considerations around AI.
The statement by the Federal Reserve's Vice Chair of Supervision, Richard Barr, could have implications for the broader market, represented by SPY. As AI is increasingly used in various sectors, potential regulatory considerations could impact companies using AI, and thus the broader market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50