TechFlow News, February 26: Christine Lagarde, President of the European Central Bank (ECB), stated that the ECB will closely monitor for any signs that the widespread adoption of artificial intelligence across the economy is leading to job losses. When asked about AI’s impact on growth and inflation, she noted that substantial investment in this technology is underway not only in Europe and the United States but also elsewhere—and early results are already emerging. However, effects on employment have yet to materialize. Lagarde remarked: “Current literature suggests that large-scale investments are yielding some productivity gains. Yet we have not observed the anticipated shifts in labor markets, nor have we seen mass layoffs. Going forward, we will remain highly vigilant.” (Jinshi)
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