AI Won’t Boost Human Productivity Yet, U.S. Federal Reserve Says
Generative AI is not just another tech hype cycle that is bound to die down but is instead a game-changer for human productivity, according to the Federal Reserve. The big caveat, though, is the road to get there will be “inherently slow” and “fraught with risk.” In a recent paper published by the Fed Board of Governors, researchers suggest that the hype around generative AI is probably not a bubble in the long run and that the technology will be a serious macroeconomic force, proving to have r