Fed's Musalem Says Artificial Intelligence, If Adopted Widely, Will Have Material Productivity Impacts Over The Long Term; Too Early Though To Measure The Promise Of AI
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Musalem stated that the widespread adoption of artificial intelligence (AI) could have significant long-term productivity impacts.
June 18, 2024 | 5:46 pm
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The Federal Reserve's Musalem indicated that AI could significantly boost productivity in the long term, which may positively impact the overall market performance.
SPY, as an ETF that tracks the S&P 500, could benefit from overall market gains driven by increased productivity from AI adoption.
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