Furious pace of AI investment on some Fed officials' radar now

Federal Reserve officials are beginning to mull whether the frenzied investment driving the buildout of the artificial intelligence sector is getting out of hand and creating risks for the financial sector. For now, some ‌of the officials who have tackled the subject call for vigilance, dashed with a sense that a financial crisis mirroring ‌what happened 20 years ago with housing, and to a lesser degree, the dot-com shakeout before that, is probably not in the offing. “I don