IMF warns of potential AI shock
The Director of the International Monetary Fund, Kristalina Georgieva, warned that the AI boom, which governments and investors rely on to boost economic growth, could turn into a source of inflation and financial risks—especially amid rising energy prices and increasing global public debt. She explained that investments in AI could reach historic levels, and its potential positive impact might add half a percentage point to global growth. However, the concentration of gains in countries with advanced technological infrastructure could widen inequality gaps. She also cautioned that building data centers requires massive investments and consumes substantial energy, which could exacerbate inflationary pressures, particularly as oil prices rise due to conflicts in the Middle East. Georgieva emphasized that global public debt is approaching its highest levels since World War II, and elevated borrowing costs make debt reduction more difficult. She called on governments to take measures to improve fiscal discipline and achieve economic sustainability, while also supporting AI regulation and enhancing workforce skills to address potential risks.
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