Fed Chair Powell gives his advice to Harvard students on how he approaches AI

• Powell states that major US companies are exploring AI to automate jobs, specifically mentioning smart large language models.
• He highlights that large language models make people much more productive, citing his own experience.
• Powell advises students to invest time in mastering new AI technologies, as this will 'stand you in good stead'.

Jerome Powell, Federal Reserve Chair, advises Harvard students on AI, noting that large language models can automate jobs but also significantly boost productivity. He emphasizes the importance for students to invest time in mastering these new technologies to thrive in the evolving job market.