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The increased use of AI by euro zone companies could curb workers' ability to demand higher wages while heavy investment into the new technology may be materially tightening financing conditions, ECB chief economist Philip Lane said on Tuesday.
Chronology
ECB’s Lane says AI investment is tightening financing conditions and may curb wage power
The increased use of AI by euro zone companies could curb workers' ability to demand higher wages while heavy investment into the new technology may be materially tightening financing conditions, ECB chief economist Philip Lane said on Tuesday.
Reduced historical snapshot.
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