Xbox CEO Asha Sharma Tapped to Advise Federal Reserve on Jobs
Asha Sharma, the new CEO of Xbox, has been appointed to advise the US Federal Reserve on jobs, despite overseeing mass layoffs at Microsoft's gaming division. She joins a task force assessing the economic impact of AI, alongside Marc Andreessen and Charles I. Jones. The move has raised concerns about the group's critical views on AI and the job market.
Key points
- Asha Sharma, Xbox CEO, has been appointed to the Federal Reserve's task force on productivity and jobs.
- The task force will assess the economic impact of AI on the job market.
- Sharma's appointment comes amid mass layoffs at Microsoft's gaming division, with 3,200 jobs cut across studios.
- Marc Andreessen and Charles I. Jones will also join the task force, sparking concerns about their views on AI and the job market.
- The Federal Reserve's task force will inform policy judgments on monetary policies.
The US Federal Reserve has announced its latest appointments to its task forces guiding monetary policies. Among the industry leaders tapped to advise on productivity and jobs is Asha Sharma, the new CEO of Xbox. This move has raised eyebrows, given Sharma's recent decision to cut 3,200 jobs across Microsoft's gaming studios.
The Federal Reserve's task force will focus on assessing the economic impact of new general-purpose technologies, including artificial intelligence. Sharma's appointment comes at a time when the game industry is struggling to keep people employed and to figure out a responsible way to use AI.
Joining Sharma in the task force are Marc Andreessen and Charles I. Jones. Andreessen has been criticized for his views on AI, while Jones is currently on leave from Stanford University to work at the Anthropic Institute. The composition of the task force has sparked concerns about its critical views on AI and the job market.
The Federal Reserve's task force will inform policy judgments on monetary policies, making Sharma's appointment a significant development in the world of tech and finance.
Sources
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