AI boom not an escape from debt, energy shocks – IMF Chief

‎ ‎The Fund said although AI-related investment was supporting growth and trade, inflationary pressures from energy and food shocks, tariffs, defence spending and high public debt remained significant risks.8, GNA – The global economy cannot rely on the Artificial Intelligence (AI) boom to overcome rising public debt, energy shocks and high borrowing costs, the International Monetary Fund (IMF) has cautioned.‎ ‎Ms Georgieva said the 191 IMF member countries would focus at the annual meetings on three major concerns: an uneven AI boom that could widen inequality, energy prices approaching US$100 a barrel, and public debt nearing 100 per cent of global Gross Domestic Product (GDP).