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BlackRock says AI-driven productivity boom can lead to Inflation

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According to BlackRock’s most recent weekly analysis, the US may need to deal with an inflationary flare-up in order to fully realize the potential of artificial intelligence. Since ChatGPT’s peak last year, capital spending on AI data centers has surged, according to a Monday analysis by experts led by Jean Boivin. AI will probably be inflationary in the short term before realizing any of the…

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