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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Federal Reserve Governor Michael Barr said although artificial intelligence will transform economies, there are a range of outcomes as to how that will play out. Barr, in remarks prepared for a speech Wednesday at the Singapore FinTech Festival, outlined two basic scenarios. In the first, adoption of generative AI could augment existing tasks and roles. In the second, it could lead to a transformative impact, where work and leisure undergo radical change that boosts efficiency and remakes firms with new business models.
