Federal Reserve Governor Michael S Barr agrees with one of the most-dangerous AI forecast; says: We should be clear-eyed about how painful …
One of America’s top financial regulators has sounded an alarm even as the world’s tech giants are celebrating record-breaking AI breakthroughs. Michael S. Barr, governor of the Federal Reserve, issued a warning about the potential for artificial intelligence (AI) technology to create a “jobless boom”. He said that AI may help in the rapid growth…