Author: Al Jazeera
Published on: 14/10/2025 | 00:00:00
AI Summary:
IMF’s chief economist forecasted that the bust would be less likely to be a systemic event that would crater the US or global economy. Recommended Stories list of 4 items list 1 of 4Photos: US soya bean farmers battered by trade dispute with China list 2 of 4Russia charges exiled oligarch Khodorkovsky with ‘terrorism’ list 3 of 4Why has Dutch government taken control of China-owned chipmaker Nexperia? end of list There are many similarities between the tech firms are pouring hundreds of billions of dollars into AI chips, computing power, data centres and other infrastructure in a race to deploy the technology that promises massive productivity gains. The current scale of the AI boom is smaller than the dot-com era, with AI-related investment increasing by less than 0.4 percent of US GDP since 2022. AI investments propping up economy Excessive leverage at the height of the US property bubble in 2008 helped bring on the global financial crisis. The IMF’s World Economic Outlook, released on Tuesday, cited the AI investment boom as one of the factors. But Gourinchas said the added investment and consumption are helping to elevate demand and inflation pressures without associated productivity gains. Trump famously predicted that foreign countries would pay the price of his protectionist policies. Gourinchas’s assessment agrees with the view of academic studies, surveys and business leaders.
Original: 774 words
Summary: 223 words
Percent reduction: 71.19%
Absolutely fucking awful summary.
The irony of it being on this article pretty good tho