Mumbai, Sept. 29 -- 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 year. I believe that some of these steep price increases reflect a shift in demand toward AI-related sectors rather than an increase in economy-wide demand, she noted, adding that supply chains will adjust and resolve the resulting price pressures without policy intervention.
Published by HT Digital Content Services with permission from Capital Market....