Richmond Fed President Tom Barkin said the AI-driven investment boom is pushing up prices for some technology equipment while companies remain reluctant to cut staff, arguing the anticipated AI apocalypse has not yet materialised.
Fed's Barkin Says AI Apocalypse Has Not Arrived as Investment Cycle Reshapes Economy
Richmond Fed President Tom Barkin said the AI-driven investment boom is pushing up prices for some technology equipment while companies remain reluctant to cut staff, arguing the anticipated AI apocalypse has not yet materialised.
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