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Unpacking AI Investments and Market Trends
This chapter delves into the impact of artificial intelligence investments on the economy, exploring potential productivity gains and concerns about job cuts. The conversation reflects on historical technological advancements and draws parallels to the current surge in AI investments. The speakers also discuss how AI investments can impact the neutral rate, productivity gains, and the economy's acceleration, amidst the current market conditions of low volatility and exuberant risk appetite.