‘Overhyped’ AI may trigger setbacks in stock market: Fed official

Dive Brief:

• Generative artificial intelligence may fail to spark expected big gains in productivity, prompting setbacks in the share prices of companies that have invested heavily in the emerging technology, Federal Reserve Vice Chair Michael Barr warned Monday.
• “It is possible that the expected value creation from GenAI was overhyped, anticipating transformative breakthroughs rather than incremental productivity gains,” Barr said in a…