AI, Economy & Finance News — 2026-09-26 (Sat) Morning News

AI and Economy Latest News

Overview

While Goldman Sachs predicts that capital investment for hyperscalers will rise to $1.2 trillion, senior Federal Reserve officials and BOE Governor Bailey have divided their opinions on the impact on the economy and prices (Bloomberg, Reuters, etc.). Data centers and power grids are becoming increasingly integrated due to the rapidly increasing demand for electricity, and financial authorities in Japan and other countries are increasing their scrutiny of AI-related loans (Japan Times). On the employment front, data shows that the impact on new graduates has not been as obvious as feared (Ars Technica).

Macroeconomic/growth trends

Bill Ackman points out that the AI race may have disrupted the Fed's framework for determining inflation (Business Insider). Cathie Wood says AI could push global GDP growth above 7%, calling this a "conservative" view (Stocktwits). Tom Barkin (former McKinsey CFO) of the KC Fed Regional Federal Reserve Bank expressed the view that "AI disruption" has not yet arrived (Fortune). There are also reports that Micron's performance and AI-related investments are boosting US GDP growth (Fox News). US core capital goods orders rose 1.6% in August, beating expectations, supported by AI investment, it was reported (Reuters).

Productivity trends

Yale Insights' analysis suggests that AI will either reduce jobs or create new ones, "probably both." In the field of government, it has been pointed out that AI can help provide services to residents who were previously unable to reach them (PA TIMES Online). Meanwhile, The American Prospect discussed the arrival of an AI meltdown, and Fortune argued that entry-level jobs for new graduates are losing substantial "subsidy to apprenticeships" due to the introduction of AI. In Mexico, Dell said that the use of AI is moving from the pilot implementation stage to the full-scale operation stage (Mexico Business News).

Trends in employment and labor market

It has been pointed out that new graduates and students should reconsider their resumes and job hunting methods in light of AI (CNBC). In the EU, employers' obligations under the GDPR and the EU AI Act are a hot topic of discussion regarding the use of AI recruitment tools (Ogletree). In the administrative field, a framework for skills-based retraining in the AI era is being discussed (PA TIMES Online). Ars Technica reported that there were concerns that the employment situation for new graduates would be hit hard, but current unemployment data does not support that.

Trends in energy/power demand

State-level political debate continues in Pennsylvania and Tennessee over data center power needs (The Allegheny Front, WTVC). There are reports that Google's data centers are starting to function as power grid partners (Data Center Knowledge). Atlas Energy shares rise after contract to supply power to AI data centers (Yahoo Finance). There is also analysis that China's superiority in clean electricity has implications for AI competition (Latitude Media).

Remarks by central banks, international organizations, and VIPs

- Andrew Bailey (Governor of Bank of England): Reportedly sees AI as a "positive supply shock" (Investing.com). - Jeffrey Schmid (Kansas City Fed President): Called for systemic risk assessments of AI systems, saying we need to understand whether the AI "ecosystem" has become too large to fail (Reuters, Channel NewsAsia). - Daron Acemoglu (MIT Economist/Nobel Prize Winner): pointed out to Armenia that computing power alone is not enough and that a comprehensive AI strategy is needed (ARKA-Telecom). - Japan's financial regulator: It was reported that it is strengthening its supervision of loans for AI data centers (Japan Times). - The OECD has published a paper on governance by "agent-based AI", a situation in which machines act on behalf of governments (oecd.ai). *There are no headlines for the 12 hours regarding Lagarde, Ueda, Georgieva, Cormann, Banga, and Brynjolfsson.

Trends in corporate capital investment

Goldman Sachs predicts that hyperscaler AI capital spending will increase by 50% to reach $1.2 trillion, and also predicted the same level in 2027 (Bloomberg, PYMNTS). The company also showed an analysis that six major companies will need to generate $1.42 trillion between 2028 and 2030 to recover capital investment for AI computing (BigGo Finance). There was a report asking whether Amazon's AI capital investment is outpacing its return on investment (Yahoo Finance), while 247wallst argued, ``The reason Amazon continues to make investments like this is because it believes that AI capital investment will not fail.'' PIMCO's Lotfi Karoui said the AI capex cycle is pushing real yields higher and the market is pricing in an additional $500 billion in credit supply (Stocktwits).

Trade and industrial policy

A tug-of-war over U.S. AI regulation is reportedly causing political division in Washington (Time). U.S. Trade Representative Greer said there will be no AI semiconductor negotiations with China this time (AzerNews). At Bryant University's 40th Global Trade Summit, there was discussion on how tariffs, AI, and supply chains are reshaping commerce (The Business Journals). Kevin Rudd discussed China, AI, and US-China relations (Barron's). During the Trump-Xi meeting, experts warned that China is trying to surpass the United States using open source AI and large-scale subsidies (Heartlander News).

Integrated analysis: What is happening now

While the capital investment side (Goldman's $1.2 trillion forecast) and electric power infrastructure (Google and Atlas Energy's power grid collaboration) are expanding at the same time, on the central bank side, Schmid's concerns that ``the AI ecosystem is too big to fail'' and Bailey's assessment of a ``supply shock'' suggest that financial authorities are beginning to seriously evaluate the macro implications of the investment boom. In terms of employment, there is a discrepancy between pessimistic predictions (hitting new graduates) and actual data (Ars Technica), and this, combined with the productivity debate (Yale Insights, American Prospect), may suggest that the impact of AI on the real economy has not yet been quantitatively determined. In terms of trade and industrial policy, the competition for technological supremacy between the US and China (Greer's postponement of semiconductor negotiations, China's open source/subsidy strategy) is intensifying in tandem with the competition for capital investment, and this can be interpreted as a situation in which the sustainability of the AI boom is beginning to be questioned from three directions: electricity, capital, and policy.

Future points of interest

- How will the consistency between Goldman Sachs' $1.2 trillion hyperscalar capital investment and the $1.42 trillion investment return requirement for the six major companies between 2028 and 2030 be evaluated? - How will the assessment of the "systemic risk of the AI ecosystem" proposed by Mr. Schmid affect other central banks and international organizations (IMF, OECD, etc.)? - How will U.S.-China AI semiconductor and technology policies (the postponement of Greer negotiations, China's open source strategy) affect future export control and tariff discussions?

AI and finance latest news

Overview

On Wall Street, major indexes rose and AI-related stocks continued to be bought, but there were both bright and dark sides for banks, such as the message fraud damage at Intesa and Dimon's $1 trillion statement (Reuters, The Market Periodical). In Japan, the Financial Services Agency is holding an on-chain financial forum, and Tokio Marine and Gunma Bank are expanding the use of AI (fsa.go.jp, Sankei News, Nihon Keizai Shimbun). It was also reported that AI companies are seeking a framework for voluntary safety measures (The Atlantic).

Bank trends

Italy's largest bank, Intesa, has suffered millions in losses due to an AI-based message scam, sources said (Reuters). The San Francisco Fed has released the results of a survey on AI adoption in banks (JD Supra). TD argued that agent-based AI could transform banking (TD Stories), and CFO Brew reported that bank CFOs are keeping an eye on rising interest rates and responding to AI bots (CFO Brew). Goldman reportedly took a tough view on AI stocks (Yahoo Finance).

Insurance trends

Gateless' Smart Underwrite received AZP Platinum AI certification (HousingWire). While the use of AI in underwriting and insurance claims has been discussed (insurancebusinessmag.com), it has been pointed out that "undeclared AI" is the insurance industry's biggest blind spot (FinTech Global). Cyber threats continue to be the top concern as AI transforms risk, according to a Travelers survey (Risk & Insurance). There are also reports that conflicts between insurance companies and hospitals over AI are leading to rising medical costs for patients (Pagosa Daily Post).

Trends in asset management and market transactions

AI-powered tools are said to be reshaping wealth advisors' tech stacks (InvestmentNews), and OneVest has launched Canada's first AI-based account opening solution (ffnews.com). A BlackRock paper pointed out that AI agents could boost demand for stablecoins (disruptionbanking.com). On the market side, Wall Street rose on the back of AI stock buying, with Microsoft leading the rise (Reuters), and there was a view that the bond market is also turning to AI trading (Seeking Alpha). On the other hand, it has been pointed out that there are investors who are taking profits from AI stocks (CNBC TV18).

Fintech/payment trends

Northwestern Mutual selects Jump for enterprise AI implementation (InvestmentNews). Coinbase is said to be building a platform for AI agent payments (benzinga.com), and Polygon reportedly demonstrated processing of 11 million payments per second for agents (Yellow.com). VentureBeat argued that money management is entering a new phase with AI (VentureBeat).

Remarks from key figures and authorities in the financial world

- Jamie Dimon (JPMorgan Chase CEO): It was reported that Nvidia stock rebounded in response to his prediction that AI-related spending will exceed $1 trillion (The Market Periodical). - Bank of England Governor Bailey: Wrote a paper evaluating AI as a "positive supply shock" (Investing.com). *We were unable to confirm any direct statements or movements in the headlines regarding the other individuals on the list (Larry Fink, Jane Fraser, David Solomon, Brian Moynihan, Ted Pick, Ken Griffin, Paul Atkins).

Trends in AI-related stocks and funding

An AI startup under 30 has reportedly reached a valuation of $5 billion (Forbes). Dextr AI, an AI agent for hospitality, raises $6.7 million (Indian Startup News). Chicago startup raises $85 million on growing customer and investor interest in AI (Crain's Chicago Business). Microsoft stock rose on improved analyst ratings for Azure and AI growth prospects (Quiver Quantitative). It was reported that SoundHound AI's short interest ratio has increased to 40.47% (Quiver Quantitative).

Trends in financial regulation and supervision

The Financial Services Agency held the ``On-chain Financial Forum for the AI Era'' (fsa.go.jp). It has been reported that Google, OpenAI, and Anthropic may launch an AI safety group by early 2027 (ET Enterprise AI). The Atlantic reported that AI companies are exploring new plans to protect themselves from the risk of spiraling out of control.

Integrated analysis: What is happening now

While capital continues to flow into AI-related stocks in the market (Reuters, Seeking Alpha), behind the scenes, weaknesses in operational and risk management are emerging, such as Intesa's AI message fraud loss (Reuters) and the insurance industry's "undeclared AI" blind spot (FinTech Global). The banking, insurance, and asset management industries are accelerating the introduction of AI agents in front-office operations such as underwriting screening, account opening, and asset management advice (HousingWire, ffnews.com, InvestmentNews), and on the payment infrastructure side, infrastructure development with an eye to automatic transactions between AI agents (Coinbase, Polygon) and expectations for the spread to stable coin demand (BlackRock) are also progressing at the same time. On the regulatory front, there have been reports of the Financial Services Agency's On-Chain Financial Forum and AI Safety Group Initiative, but as with the Intesa fraud damage, actual harm may come first, and the supervisory and verification framework may not be able to keep up. The coexistence of Dimon's $1 trillion statement and Goldman's caution suggests that expectations for AI investment and caution over overheating are competing with each other within the market.

Future points of interest

- Whether details of the damage caused by Intesa and measures to prevent recurrence will be disclosed in the future (Reuters) - How the implementation of AI agent payments and account opening will align with financial regulatory frameworks - Will the insurance industry's "undeclared AI" issue lead to a supervisory response?