Fed's Cook says AI demand 'broadening' to increase inflation
Federal Reserve Governor Lisa Cook stated that rising demand for artificial intelligence is contributing to inflationary pressures across the economy, specifically noting price surges for AI-related goods.
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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