Argentina’s latest unorthodox tool to combat inflation: Artificial intelligence
-
Loading... - Augustina Abril
- 08 Feb 2023
- 74 Views
- 0 Like
- 0 Comment
Argentina has come up with a new tool to keep track of price increases: artificial intelligence.
rgentina, which for decades had unsuccessfully tried to beat runaway inflation with unorthodox policies, has come up with a new tool to keep track of price increases: artificial intelligence.
The government is deploying software that uses machine learning and artificial intelligence developed by state-run software and satellite agency Arsat to monitor price increases in real time.
Among its many unconventional approaches to attempt to curb inflation, the country has mandated price freezes for certain goods and, most recently, negotiated deals with companies to control the speed of price increases, in a bid to avoid raising the key rate and cooling economic activity. Read More..
