Fed's Cook says AI demand 'broadening' to increase inflation
- Federal Reserve board of governors member Lisa Cook said Monday that rising demand for artificial intelligence is leading to “broadening” inflationary impacts, with implications for the entire economy.
- During a keynote speech at the Oakland Tech Week conference, Cook noted that prices for Al-related goods, including chips, computers and software, have “surged” in the past...
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- Federal Reserve board of governors member Lisa Cook said Monday that rising demand for artificial intelligence is leading to “broadening” inflationary impacts, with implications for the entire economy.
- During a keynote speech at the Oakland Tech Week conference, Cook noted that prices for Al-related goods, including chips, computers and software, have “surged” in the past...
Sources: The Hill