David Neal, CEO of IFM Investors, warned that massive spending on artificial
intelligence (AI) and the global energy transition will likely create
inflationary pressures for decades. He highlighted that while the recent energy
price surge was a wake-up call, ongoing investments in AI and energy transition
are adding to long-term inflation. Neal pointed to the $650 billion in planned
capital expenditures by major US tech companies for new data centers and AI
infrastructure by 2026. He also mentioned fiscal deficits as another
contributing factor to inflation.
