The CEO of Bank of America stated that AI is beginning to have a growing impact on the economy, but the risk of industry overheating remains controllable
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Bank of America CEO Brian Moynihan stated that AI is beginning to have a greater impact on the U.S. economy. Although there are bubble risks associated with AI investments, the risk to the economy is relatively small due to the industry being composed of a few companies. AI investments have continued to grow over the past year and are expected to contribute a larger share next year. Bank of America is also using AI, and the capabilities of its intelligent customer service robot, Erica, have been significantly enhanced
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