AI Boom: Not a Dot-Com Repeat, Says Fed Vice Chair

Federal Reserve Vice Chair Philip Jefferson distinguishes the current AI stock boom from the dot-com bubble, citing established AI companies generating profits and limited debt financing. He acknowledges potential risks but emphasizes a sound financial system. Jefferson warns of potential impacts if AI infrastructure investments increase debt, and expresses uncertainty about AIs job market, inflation, and monetary policy effects.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.