Waller: Innovation at the Speed of AI | Metals Mine

  • Waller: Innovation at the Speed of AI

    From federalreserve.gov

    Thank you for the opportunity to speak to you today about artificial intelligence (AI). AI is a powerful and rapidly advancing technology that has captured everyone's attention. If you've watched enough sci-fi, you know that major technological change is usually either dystopian or utopian—the robots either take over the world or improve it. These polarized views are also common among economists and technologists. On one side, there are the doomers—those convinced that new technologies will destroy jobs, widen inequality, and concentrate power. On the other, there are the techno-optimists—those convinced we're ... (full story)

Added at 12:01pm

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Twocans
Oct 15, 2025 12:06pm
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Raise your hand if you think anyone from the Reserve is qualified to share a vision for AI. These are the same people who never saw the dot.com coming any more than the current Gold Rush collapse coming to a theater near you.
Subdude
Oct 15, 2025 1:37pm
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How do we know the speech was in fact written by Waller and not Wall-E?
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Twocans
Oct 15, 2025 2:33pm
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How do we know the AI Experts don't rely on AI for the answers? Not kidding. Grok can answer complex questions about comparing Forex pairs and has good sense of humor too. When I realized Grok remembers prior 'conversations' and can 'comeback' with digs on jokes you make days earlier it like, uh oh, I can't just say anything without it being transcribed or whatever the term is. I made a joke about being hungry but you (Grok) wouldn't understand. Not only did I get a funny comeback but Grok remembered it days later. I was like 'oh, shit! This is scary.
chemosi
Oct 15, 2025 2:14pm
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Quoting Subdude
How do we know the speech was in fact written by Waller and not Wall-E?
LOL
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Rajatseth
Oct 15, 2025 12:32pm
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Quoting Twocans
Raise your hand if you think anyone from the Reserve is qualified to share a vision for AI. These are the same people who never saw the dot.com coming any more than the current Gold Rush collapse coming to a theater near you.
One can't disagree with the fact that they can hire experts in the AI field, and they speak based on what those experts tell them to say. Yes, they might not know about AI, but they can definitely hire people who know everything about it.
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