New Goldman Sachs research suggests that the US is likely to be the first to be hit by the wave of global inflation caused by artificial intelligence. The Wall Street giant analyzed how the AI boom is driving up global consumer prices. Prices of key components such as memory chips and semiconductors have been pushed up due to limited supply. Goldman Sachs economist Megan Peters wrote that the US is likely to be hit the hardest by inflation. According to Goldman Sachs estimates, AI increases the inflation rate of core personal consumption expenditure in the US by about 20 basis points each year. By the end of this year, this inflationary pressure is expected to more than double, boosting the core PCE by 50 basis points.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.