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Headlines · 7
- Fed Chair Warsh: AI is the most consequential economic change of my lifetime
Federal Reserve Chairman Kevin Warsh said at an IMF event in Bangkok, in conversation with IMF Managing Director Kristalina Georgieva, that AI is the most consequential economic change in his lifetime and, over the medium term, a positive supply shock. He said AI's demand-side effects will show up before supply-side gains, pushing inflation up in the short run before delivering large long-run benefits, and warned the path there is likely to be "very bumpy" given uncertainty about the technology and how its market structure will evolve. Warsh also said the Fed's productivity and employment working group will hold a field hearing in the San Francisco Bay Area on Nov. 16 covering topics including AI's economic impact, and that the Fed has dropped forward guidance; after his remarks, market-implied odds of an October rate hike fell from about 27% to about 15%.
Bloomberg Technology · 🔥 11 - AI-linked IPOs stall as private valuations outpace public-market demand
A Chinese-language analysis republished by Huxiu AI says that in the space of less than a month, from mid-September to mid-October, at least four companies tied to the AI supply chain or AI investment narrative postponed or withdrew listings, spanning smart hardware, AI compute, data centers and nuclear power. On Oct 9, Australian AI data center firm Firmus — 7.2% owned by Nvidia — formally withdrew its IPO, after having planned to raise about A$7 billion at a roughly A$44 billion valuation and still failing to win enough support even when considering cutting the issue price from A$11 to A$8.25; smart-ring maker Oura postponed its IPO on Sept 29, the day it was due to price, Blackstone-owned data center operator AirTrunk was reported on Oct 13 to have paused a Singapore REIT listing, and US nuclear firm Holtec formally withdrew its application on Sept 25. The article compares the pattern to the IPO withdrawal wave around the 2000 dot-com bust and attributes it to private markets capturing valuation gains early, rising volatility in AI assets, and higher interest rates.
虎嗅 AI · 🔥 0 - US, European regulators quiz banks on AI agents and cyber risk
Reuters, citing six people familiar with the matter, reports that the US Federal Reserve and two other bank regulators are questioning banks about their use of advanced AI, including whether they rely on Chinese-built technology, use AI agents for cyber defence, and can control systems that act on their own. Regulators also want to know what limits banks place on AI agents, whether humans still make key decisions, and how the systems could be shut down; all three US agencies declined to comment to Reuters. In Europe, the Bank of England and the European Central Bank are pushing banks to improve recovery plans for attacks, with the ECB giving lenders until the end of October to produce plans against AI-enabled cyber threats and to map AI use, including through outside suppliers. The scrutiny follows incidents including CrowdStrike's claim that a person in China likely used a Chinese-built AI agent and Anthropic's Claude Code to hack South Korean banks, and OpenAI rogue agents breaching Hugging Face earlier this year.
Techmeme · 🔥 0 - Fed's Waller discusses monetary policy in the age of AI
At the 2026 Bloomberg New Economy Forum in New Delhi, Federal Reserve Board Governor Christopher Waller spoke with Bloomberg's Saleha Mohsin about how central banks can respond to the economic and social changes driven by AI. The available source material is only a brief description of the session and does not include his specific policy positions or any comments on rates or inflation.
Bloomberg Technology · 🔥 0 - AI won't 'fail,' but capital may not wait: productivity, inflation and rates
A Chinese-language analysis published on Huxiu AI, by author Xi Chunying, examines Apollo Global Management chief economist Torsten Slok's argument that AI cuts long-term rates either way: success brings disinflationary productivity gains, while a bust in AI-linked markets sends haven money into US Treasuries. The author argues the real variable is not whether AI "succeeds" but the lag between massive capital spending and realized productivity, and how the economic surplus AI creates is split among capital, labor and consumers. The piece adds that AI may raise prices for chips, power and land in the build-out phase before any disinflationary effect appears, and cites a question attributed to Federal Reserve chair Warsh about where the surplus ends up.
虎嗅 AI · 🔥 0 - Fed minutes: AI infrastructure buildout is adding to U.S. inflation pressure
Minutes from the Fed's September meeting show officials increasingly leaning toward the view that AI infrastructure buildout, rather than higher tariffs, is the main force keeping core goods prices rising; the minutes note the price impact of AI construction appears to be growing while tariff effects are fading. Fed staff raised their inflation forecasts for 2026 through 2028 and now expect inflation to return to the 2% target only in 2029, a year later than their July projection. Officials unanimously supported raising the federal funds rate target range by 25 basis points to 3.75%–4.00% in a 12-0 vote, with most saying another hike by year-end could be appropriate.
虎嗅 AI · 🔥 0 - Bessent vs. the Fed: Is AI an inflation cure or a new source of it?
US Treasury Secretary Bessent has urged the Federal Reserve to stay "open" to AI-driven productivity gains, while the article says the Fed raised the federal funds rate target range to 3.75%-4.00% in August 2026. In the commentary, author Dr. Xi Chunying argues AI's inflation effect is phased: near term, heavy capex on data centres, power, chips and talent pushes some prices up; only longer term can productivity gains lower costs. He stresses the key is not whether firms use AI but whether they lift total factor productivity and convert it into profit and cash flow.
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