productivity

The Federal Reserve FOMC statement pointed out that productivity growth is strong and capital investment is robust.

According to the Straits Times, Edward Robinson, Chief Economist of the Monetary Authority of Singapore, stated at the Beijing Financial Street Forum on October 20 that once artificial intelligence leads to widespread productivity improvements, central banks may relax monetary policy. However, currently, the AI investment boom is driving demand, and policies should maintain appropriate restrictions. He pointed out that AI-related investments are driving economic growth, but the technology has not yet brought significant productivity improvements to the broader economy, and he called for a gradual, data-driven approach.The Monetary Authority tightened monetary policy in April and July 2026 due to rising inflation risks, and maintained the policy unchanged in October. An October 14 statement warned that if the AI boom generates broader economic spillovers and raises unit labor costs, domestic inflation may remain high. Robinson noted that AI-driven electronic products accounted for over 70% of this year's export growth in Asia, but the growth of industries producing AI-related technologies mainly stems from increased investment and more intensive use of existing resources, rather than efficiency improvements. He cited OECD estimates stating that if sufficiently widespread and appropriately invested, AI could increase total factor productivity growth by up to 0.6 percentage points annually.

Federal Reserve Chairman Waller stated that artificial intelligence will make the economy more productive and create more wealth, but the road to this goal will be full of twists and turns.

The Federal Reserve FOMC statement pointed out that productivity growth is strong and capital investment is robust.

According to a report by the Korean News Agency, Kim Kyung-hoon, the General Manager of OpenAI Korea, stated at the Samsung SDS "Real Summit 2026" conference held at COEX in Seoul that the productivity gap between the top 10% of AI application companies and medium-level companies has expanded from 2.6 times to 8.6 times from January to June this year, with the gap in the manufacturing sector reaching 5.3 times.Kim Kyung-hoon pointed out that the core of widening the gap lies in "connection"—21% of employees in leading companies use AI plugins integrated with business systems weekly, while the figure for ordinary companies is only 9%. He proposed a three-stage methodology for corporate AI transformation: "Turn it on, Delegate it, Keep it" (Connection, Delegation, Retention), emphasizing business process redesign rather than merely introducing AI tools.

Federal Reserve's Musalem stated that the future growth of AI productivity is highly uncertain, with risks leaning towards high inflation.

According to Jinshi reports, the Federal Reserve FOMC statement indicated that productivity growth and capital investment performed strongly.

According to Jinshi reports, Federal Reserve's Logan stated that he is very optimistic about the productivity improvements brought by artificial intelligence in the long term. However, the current demand for AI investment is strong and real, which may bring inflationary pressure in the short term.

According to Cointelegraph, the Federal Reserve Board (Fed) announced that a16z co-founder Marc Andreessen will join the "Productivity and Employment" working group led by Federal Reserve Chairman Kevin Warsh, responsible for studying the impact of artificial intelligence and emerging technologies on economic growth, the job market, and production efficiency.The working group also includes Stanford University economics professor Charles I. Jones (currently on leave at Anthropic) and Microsoft Executive Vice President and Xbox head Asha Sharma.

Polymarket's Vice President of Product Engineering and former Craft co-founder Balint Orosz tweeted that Polymarket has acquired the productivity app Craft Agents, and some team members from Craft will join Polymarket.

In response to recent community doubts about the Ethereum Foundation and the potential for a funding crisis, Grayscale Research Director Zach Pandl posted on the X platform, stating that in the long run, the current institutional adjustments being made by the Ethereum Foundation are positive for Ethereum for two main reasons: first, more development work will be transferred to commercial organizations, which can reduce the development responsibilities borne by the Foundation and may encourage more work to be driven by commercial entities, thereby improving the overall efficiency of the ecosystem; second, the structural adjustments help maintain Ethereum's core principles as a digital currency infrastructure, and a Foundation with clearer responsibilities and a more focused scope may be more beneficial in ensuring that Ethereum continues to adhere to the "CROPS" principles necessary for building a sound digital currency.If the Ethereum Foundation reduces its direct involvement in ecosystem development in the future and focuses on maintaining Ethereum's long-term core goals, it may help strengthen ETH's positioning as a decentralized digital asset infrastructure.

According to Jinshi, Federal Reserve official Daly stated that the improvement in productivity should lead to a decrease in inflation, but the key lies in the specific timing.

Goldman Sachs CEO Solomon wrote in The New York Times that the market's concerns about AI triggering a "massive wave of unemployment" are exaggerated. The U.S. economy will continue to create more new jobs through technological transformation, just as it did during the past industrial revolution and the internet era. Solomon stated that Goldman Sachs expects AI or automation to affect about 25% of existing work hours over the next decade, with significant impacts on white-collar sectors such as banking, accounting, and law. Research from Stanford shows that entry-level positions in highly automated roles like software engineering and customer service have declined by 16% compared to less automated industries.However, he pointed out that AI is also creating new job demands. For example, since 2022, the construction of data centers in the U.S. has generated over 200,000 construction jobs. Goldman Sachs itself may reduce some compliance and account opening positions but will increase hiring for client-facing roles in banking, trading, and asset management. Solomon believes that AI is more likely to enhance productivity rather than directly eliminate 25% of jobs. He stated, "Technological advancement and cultural change do not occur simultaneously; being replaceable does not mean one will necessarily be replaced." He also called for the government and businesses to jointly promote large-scale job retraining to address the structural changes in the workforce brought about by AI.