Fed's Warsh says AI path will be 'very bumpy' but ultimately 'very good' for wealth
Warsh said he's optimistic that AI will make economies that use it well more productive and wealthier, warning the road there will be "very bumpy."
CNBC reports: Warsh said he's optimistic that AI will make economies that use it well more productive and wealthier, warning the road there will be "very bumpy."
This business story centres on the United States. Names and organisations mentioned in the coverage include AI and Fed's Warsh.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Key names
- AI, Fed's Warsh
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at CNBCSpotted an error? Request a correction · How this summary was produced
Related Stories
Even Benchmark thinks AI is eroding the venture pact against backing rivals
Benchmark says the Valley’s rule against backing rivals is getting harder to keep.
Sega pulls Total War: Shogun 2 remaster from sale following disastrous launch
Sega is removing Total War: Shogun 2 - Complete Edition from storefronts following a disastrous launch where users complained about issues like bugs…
Meta launches an open-weight AI model that runs on Macs
Meta and Apple have teamed up for the launch of the social media giant's newest model, Muse Spark Open, which will run locally on Apple silicon.
Amazon devices chief Panos Panay sees a future where AI devices replace the need to use apps
Speaking at TechCrunch Disrupt, Amazon devices chief Panos Panay described a future where ambient AI devices work in the background, anticipating…
Fuel costs squeezing margins for some businesses
Diesel recently topped £2 per litre and there is concern that a duty freeze will not go far enough.
Repairing Brexit economic damage should be Burnham’s top priority, business chief says
Shevaun Haviland argues PM is right to revisit Labour’s EU red lines as current trading relationship is bad for business Repairing the economic…
The IPO drought is driving private equity-owned companies to the debt market to pay investors
Private equity firms are increasingly using debt-funded dividend recaps to return cash to investors as exits remain subdued.
One Singapore ship was sunk, but here's why others are still transiting the Strait of Hormuz
Singapore vessels are set to continue navigating the perilous Strait of Hormuz despite attacks on two container ships, said maritime experts.

