Federal Reserve Chair Kevin Warsh identified AI spending as an economic shock driving demand, while pledging to maintain price stability amid rising inflation.
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Federal Reserve Chairman Kevin Warsh stated that while the development of artificial intelligence will be 'very bumpy,' it will ultimately make economies more productive and wealthier. He spoke during the IMF-World Bank Annual Meetings in Bangkok.
OpenAI CEO Sam Altman stated the world should accept some negative outcomes from AI for its benefits. Senator Bernie Sanders responded by calling for a permanent ban on artificial superintelligence.
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