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flag Fed Chair Powell says AI boom is different from dotcom bubble due to real economic impact.

flag Federal Reserve Chair Jerome Powell stated that the current artificial intelligence boom is fundamentally different from the dotcom bubble, emphasizing AI's potential as a major driver of economic growth. flag He noted that AI could significantly impact the job market, though he did not predict specific outcomes. flag Powell maintained that AI's real-world applications and foundational role in productivity distinguish it from past speculative booms.

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