Higher interest rates, inflation will challenge the post-COVID economy. AI will save it.
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The post-COVID economy is facing challenges such as higher interest rates and inflation. The U.S. Federal Reserve's 2% inflation target will be difficult to achieve due to various inflationary factors. Governments will struggle to control deficits by cutting spending and raising taxes. Long-term interest rates may rise if spending reform is not accomplished. The U.S. is investing in green energy and artificial intelligence (AI) to create a more capital-intensive economy. AI is expected to accelerate job redefinitions and create new opportunities. The New York Times is suing OpenAI for training large-language models on its publicly available archive of news stories. However, other media outlets have reached content access agreements with OpenAI. AI can assist in various industries, including journalism, finance, and fraud detection. The AI revolution could boost U.S. productivity by as much as 1.5 percentage points annually. It offers Western governments an escape from fiscal binds and should be primarily relied upon to optimize changes.

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https://www.marketwatch.com/story/higher-interest-rates-inflation-will-challenge-the-post-covid-economy-ai-will-save-it-70a5fe64