India, Oct. 16 -- Asian stocks advanced on Friday as tech shares bounced back following Federal Reserve Chair Kevin Warsh's comments at the IMF-World Bank meetings in Bangkok that artificial intelligence is a major force in the global economy.
He emphasized the long-term significance of AI while avoiding predictions on upcoming Federal Reserve rate decisions.
Warsh called AI "the most profound economic transformation of a lifetime," helping boost investors' appetite for riskier assets.
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