Federal Reserve (FED) · Andreessen Horowitz · Decrypt
Xbox CEO Joins Fed AI Jobs Task Force Days After Announcing 3,200 Layoffs
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Days after announcing the largest restructuring in Xbox history, CEO Asha Sharma has joined a Federal Reserve task force examining how artificial intelligence and other emerging technologies could reshape jobs, productivity, and the broader economy.
Key facts
- Days after announcing the largest restructuring in Xbox history, CEO Asha Sharma has joined a Federal Reserve task force examining how artificial intelligence and other emerging technologies
- On Thursday, the Federal Reserve said that Sharma will serve on its Productivity and Jobs task force, which will study the economic impact of new general-purpose technologies, including AI, as part
- Sharma, who previously worked in Microsoft’s Core AI group before taking over Xbox, joins Marc Andreessen, co-founder and general partner at Andreessen Horowitz, and Charles the reporter
- The U.S. economy has changed significantly over the last generation, and never more so than right now,” Federal Reserve Chairman Kevin Warsh said
Summary
The Federal Reserve named Xbox CEO Asha Sharma to a task force studying AI’s impact on jobs and productivity. Sharma joins Marc Andreessen and Stanford economist Charles the reporter. The appointment follows Xbox’s announcement that it will cut 3,200 roles as part of a major restructuring. On Thursday, the Federal Reserve said that Sharma will serve on its Productivity and Jobs task force, which will study the economic impact of new general-purpose technologies, including AI, as part of the central bank’s approach to monetary policy.