US EditionJerome Powell: AI boom is not a bubble, could ‘absolutely’ affect job market
10 Articles
10 Articles
Kronen Zeitung
The head of the US Federal Reserve, Jerome Powell, sees no parallel between the dotcom bubble and the current price increases at AI companies. The highly valued corporations around artificial intelligence achieved profits and could present business models, he said at a press conference. This is a clear difference to the speculative companies in the past. Artificial intelligence is currently "clearly one of the most important sources of growth in…
Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’
Federal Reserve Chair Jerome Powell doesn’t think the AI boom is another dotcom bubble. In fact, he made that distinction explicit on Wednesday, arguing that the current wave of artificial intelligence investment is grounded in profit-making firms and real economic activity rather than speculative exuberance. “I won’t go into particular names,” Powell told reporters after the Fed’s policy meeting, “but they actually have earnings.“These companie…
Is the current AI boom comparable to the dotcom bubble at the turn of the millennium? Fed boss Jerome Powell has an opinion on this.
AI market differs from bubble, companies have business models and profits, says Fed Chair Powell
Federal Reserve chair Jerome Powell speaks after the Fed approved its second straight interest rate cut, lowering its benchmark overnight borrowing rate to a range of 3.75%-4%.
Is the current AI boom comparable to the dotcom bubble at the turn of the millennium? Fed boss Jerome Powell has an opinion on this.
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