Fed’s Barr has high hopes for generative AI

Fed’s Barr has high hopes for generative AI

Although customers today “breathe a sigh of relief” when connecting to a human customer-service representative, that paradigm is poised for change, Federal Reserve Gov. Michael Barr said Friday.

It’s just one of the changes possible with the innovations banks and fintechs are working on in the realm of generative artificial intelligence.

“Gen AI has the potential to enable such high-quality and efficient customer engagement and…

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