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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POSITIVE IMPACT
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.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50