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 mentio

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.