Diane M. Kimura

Electricity consumption has skyrocketed, and this is just the beginning.

The surge in electric cars, electric heating, and new AI advancements is dramatically increasing our electricity needs.

The global economy is not prepared for these changes.

Paradoxically, I believe AI will initially be profoundly inflationary, yet highly deflationary in the long run.

The extensive infrastructure necessary to harness AI as a significant force for reducing inflation and advancing societal productivity will likely increase inflationary pressures over the coming decade of required hardware expansion, while commodities (particularly metals) remain historically constrained.

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