The European Central Bank is weighing how artificial intelligence will reshape the euro area economy as it manages inflation and growth, according to a hearing statement delivered to a European Parliament committee and published by the ECB. In remarks presented to the committee, the central bank described AI as a transformative force that could reshape production processes, business models and structures across the entire economy, while stressing that its overall macroeconomic effect remains uncertain and will unfold over time through interconnected demand and supply channels.
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