AI Buildout Hits Inflation as Fed Hikes Rates

The same people who sold you the AI boom are now blaming it for your grocery bill.

Stephanie Aliaga, Global Market Strategist at JPM Asset Management, reacts to Fed Chair Warsh's remarks after raising interest rates. She argues that while oil prices are a long-term driver of inflation, the AI buildout is also having a significant impact. She argues slowing the AI frontier will help with adoption, and ultimately boost productivity. (Source: Bloomberg)

Read it at Bloomberg Markets ↗

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