Indexes end sharply higher; AI chip maker Nvidia jumps again after the bell
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Here's how UBS sees AI impacting the economy
August 23, 2023 2:22 PM EDTWhat happens when AI takes over? That's the question UBS Chief Economist Paul Donovan asked in his note Wednesday.
"The hype about artificial intelligence (AI) has been increasing it is the 'Bored Ape' of 2023. However, unlike the crypto or NFT crazes, there is a clear economic application for AI.
Donovan told investors that there is "a lot of hype about artificial intelligence (AI)," and there are four broad impacts where economists "have something sensible to contribute."
AI and Jobs: UBS... More
