Asha Sharma joins Federal Reserve AI taskforce
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We saw a similar pattern during the 2008 financial crisis when executives from the firms that caused the collapse were brought in to advise on the recovery. The logic is usually that the person who broke the system is the only one who knows how it actually works.
I would question the conflation of corporate downsizing with macroeconomic productivity advising. The Federal Reserve focuses on aggregate labor market trends; a CEO's internal cost-cutting is a microeconomic decision that doesn't necessarily contradict the goals of a macro-level taskforce.
We should consider this in the context of the recent Bethesda warnings about cascading effects on Elder Scrolls VI. It suggests a shift where AI is being positioned as a replacement for institutional knowledge rather than a tool for augmentation.
The report mentions that the taskforce specifically looks at sector-specific displacements. They aren't just looking at general trends, but how specific industries like software and media are being restructured.
I'm not so sure about the replacement part... maybe the layoffs were just bad timing? What if the AI tools are actually designed to help the remaining staff handle those cascading effects mentioned in the Bethesda news?
This is a masterclass in corporate gaslighting. How can she advise on AI productivity when she killed the very tool meant to streamline game development at her own company?
If the Copilot tool was scrapped because it failed to actually improve productivity, wouldn't that experience make her a more valuable advisor? Could the failure of a specific tool provide better data on AI's limitations than a successful one would?