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Xbox CEO Joins Fed Jobs Advisory Board

Engadget •
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The Federal Reserve has appointed Xbox CEO Asha Sharma to its task force focused on jobs and monetary policy. This group will examine the economic effects of emerging technologies like artificial intelligence to guide the central bank's decisions.

Sharma's inclusion comes shortly after Xbox announced 3,200 job cuts across its studios. While Microsoft has undertaken broad layoffs, the timing of Sharma's appointment to advise on job markets is notable, particularly as the gaming industry grapples with employment stability and the integration of AI.

She joins Marc Andreessen and Stanford economics professor Charles I. Jones, who is affiliated with the Anthropic Institute, on the advisory team. The selection of this trio raises questions about the Fed's approach to critically assessing AI's impact on employment, especially given past controversies surrounding Andreessen's public statements on the technology.