Lorie Logan, Speech: Welcome, Technology-Enabled Disruption Conference

“The disruptive potential of technology has been unusually noticeable just in the short time since the previous conference in the series last October. After many years of relatively under-the-radar research, generative artificial intelligence [AI] exploded onto the public scene last November with the release of ChatGPT and, soon afterward, a number of competitors.”

“These remarkable new tools are already changing how companies provide customer service, how software developers write code, how college professors grade essays and even how art is made. However, you will be glad—I think—to know that the Federal Open Market Committee’s monetary policy statements are still written entirely by humans.”

The Technology-Enabled Disruption conference (TED), now in its fifth year and put on in partnership with the Federal Reserve Banks of Atlanta and Dallas, is designed to provide a better understanding of technology-enabled disruption and explore the phenomenon’s implications for the broader economy—for households and businesses.