Deep Tide TechFlow News, February 26th, European Central Bank President Lagarde stated that the European Central Bank will closely monitor whether there are any signs that the widespread application of artificial intelligence across the economy has led to a reduction in jobs. When asked about the impact of AI on growth and inflation, she said that the significant investments in this technological field are not only taking place in Europe and the United States but also showing initial results. However, the impact on employment has not yet become apparent. Lagarde stated, “Current literature indicates that large-scale investments are bringing about a certain degree of productivity improvement. But we have not yet seen the expected changes in the labor market, nor have we seen large-scale layoffs. We will continue to monitor this closely in the future.” (Jin10)
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Deep Tide TechFlow News, February 26th, European Central Bank President Lagarde stated that the European Central Bank will closely monitor whether there are any signs that the widespread application of artificial intelligence across the economy has led to a reduction in jobs. When asked about the impact of AI on growth and inflation, she said that the significant investments in this technological field are not only taking place in Europe and the United States but also showing initial results. However, the impact on employment has not yet become apparent. Lagarde stated, “Current literature indicates that large-scale investments are bringing about a certain degree of productivity improvement. But we have not yet seen the expected changes in the labor market, nor have we seen large-scale layoffs. We will continue to monitor this closely in the future.” (Jin10)