https://www.federalreserve.gov/econres/notes/feds-notes/moni...
Based on a survey if the business uses AI "in any of its business functions". And for all uses of what they consider to be AI, not just LLMs.
You mean grand declarations like 'industrial capacity has increased'? Just because AI is present in the factory doesn't mean it's actually increased capacity.
Have you happened to purchase anything in the past 12 months, and looked at the Fed's inflation numbers?
The Fed doesn't issue inflation numbers. The usually cited headline inflation numbers (CPI) are from the Department of Labor’s Bureau of Labor Statistics, the ones used by the Fed as an input to monetary policy decisions (PCE) are issued by the Department of Commerce’s Bureau of Economic Analysis.
t. literally works on AI for industrial applications
How?