Last week, the U.S. Department of Labor reported a higher-than-expected uptick in the consumer price index. It turns out that stubbornly high inflation is still pretty stubborn, despite a series of interest rate hikes from the Federal Reserve. Still, as the Fed works to fight inflation and while keeping unemployment low and limiting the economic pain felt by Americans, the United States has a secret weapon: accelerating developments in artificial intelligence (AI), especially generative AI (genAI).
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