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FP/wire say Meta, rivals hear AI boom called unbalanced

2026-10-08 09:28 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Financial Post reports in its Thursday, Oct. 8, edition that global governments must act urgently to address challenges from an unbalanced artificial intelligence boom, a prolonged energy shock and record debt piles, the International Monetary Fund said as it prepares to host economy chiefs from around the world next week. A Bloomberg dispatch to the Post reports that the rush to develop artificial intelligence is delivering a growth spurt that is so far confined to a handful of countries, managing director Kristalina Georgieva said Wednesday ahead of the annual IMF-World Bank meetings in Bangkok. Meantime the squeeze on key commodity supplies due to conflicts in the Middle East and Ukraine is set to continue into 2027, and soaring bond yields have left governments that amassed too much debt under mounting budget pressure, Ms. Georgieva said -- calling advanced economies the "worst offenders" on the latter count. "The AI building boom is inflationary. The energy and food shocks are inflationary. Tariffs, defence spending, and high public debt can be inflationary," Ms. Georgieva said.

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