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Federal Reserve Governor Lisa Cook emphasizes the need for a consensus on AI regulation, addressing issues like bias and fraud. Speaking at a conference in Atlanta, she highlighted the importance of clarity in AI policy amidst uncertainties in machine learning. Cook advocates for fostering a global innovation ecosystem through research, education, and legal protections for intellectual property.
Cook remains optimistic about AI's potential to enhance economic productivity and wage growth. She argues that AI will not replace entire jobs but will transform specific tasks, making certain professions more appealing to younger generations. The need for diverse input in training AI systems is crucial to mitigate biases, particularly in generative AI applications.
• Lisa Cook calls for consensus on AI regulation addressing bias and fraud.
• AI is seen as a tool for enhancing productivity and wage growth.
AI is discussed in the context of its regulatory needs and potential impacts on the economy.
Cook highlights concerns about generative AI's biases and its learning patterns from predominantly male users.
Cook emphasizes the importance of diverse input to reduce bias in AI training.
The Federal Reserve is pivotal in discussing AI regulation and its implications for the economy.
Mountain American CU is mentioned in the context of AI's impact on operational efficiencies and accuracy.
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Meta's AI-generated aurora images on Threads spark backlash, as users criticize the company for promoting fake content over real experiences and contradicting its own policies.
Nvidia (NASDAQ: NVDA) is the leading supplier of graphics processing units (GPUs) for data centers, which are used to develop advanced artificial intelligence (AI) models. The company consistently grew its quarterly revenue by triple-digit percentages over the past year, propelling its market capitalization to $3.2 trillion.
The Clock's current reading—29 minutes to midnight—shows just how close we are to a potential doomsday scenario, writes Michael Wade.
The artificial intelligence (AI) market has created some monster growth stocks already, but companies involved in enabling this technological revolution are still seeing growing opportunities. Here are two AI leaders that could be profitable investments over the next year and beyond.
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