AI & Economy News — 2026-09-20 (Sun) Morning News

Overview

The IMF has warned of the effects of AI in boosting productivity in Europe, along with the risks of widening inequality and straining power grids, and an advisor to the People's Bank of China has expressed concerns about oversupply caused by AI. The Trump administration has created an "AI Force" and set a goal of contributing 25% to GDP, and both optimism and caution regarding the scale of capital investment are increasing at the same time.

Macroeconomic/growth trends

President Trump announced the creation of the AI Force and predicted that AI will account for 25% of US GDP (Seeking Alpha) (New York Post). Musk predicted that AI could increase the US GDP growth rate to 4% (The News International). Meanwhile, the People's Bank of China advisor warned that AI could deepen the imbalance between supply and demand (WTVB), and Taiwan's central bank assessed AI-driven inflation as manageable (focustaiwan.tw). CEPR pointed to the lack of policy debate around the AI bubble and government debt (cepr.net).

Productivity trends

The IMF has told EU finance ministers that while AI will boost productivity in Europe, it could widen inequality and put more strain on power grids (Reuters) (sana.sy). Another IMF analysis found it could boost productivity in Europe by 1%, but deepen inequality and power risks (Tekedia). There are reports that workers in China are facing job loss due to the accelerated introduction of AI (qz.com).

Trends in employment and labor market

The IMF has warned that millions of jobs in Europe could be affected (Sunatimes.com). A survey found that 86% of solopreneurs would try AI before hiring someone (Forbes). Trends in AI-native C-suite human resources are attracting attention (Bessemer Venture Partners). Job losses are said to be increasing in China due to the introduction of AI (qz.com).

Trends in energy/power demand

The IMF has repeatedly pointed out the risk of AI straining the power grid (Reuters) (Tekedia). In Ohio, opposition to data center construction was reported (The Columbus Dispatch). onsemi has positioned the recovery of its SiC business for AI data centers as a growth engine (Dr. Robert Castellano's Semiconductor Deep Dive Newsletter). Khazna and Siemens are developing an 800VDC AI data center (Inspenet).

Remarks by central banks, international organizations, and VIPs

- IMF: Explained to EU finance ministers that while AI will boost productivity, it comes with the risk of widening inequality and increasing stress on power grids (Reuters) (sana.sy). An analysis also showed that productivity would increase by 1% (Tekedia). - Advisor to the People's Bank of China (unnamed): warned that AI could deepen the imbalance between oversupply and insufficient demand (WTVB) (Межа. Новини України.). - Central Bank of Taiwan: Says AI-driven inflation is manageable (focustaiwan.tw). - OECD: Analyzed that companies are using AI agents in their work while maintaining a system in which high-risk decision-making is left to humans (The Policy Edge). - Headlines with direct statements regarding the tracked dignitaries (Lagarde, Ueda, Bailey, Georgieva, Cormann, Banga, Acemoglu, Brynjolfsson) were not observed at this time.

Trends in corporate capital investment

UBS predicts that AI capital investment will approach $1 trillion in 2026, with 90% of growth driven by rising memory prices (finance.biggo.com). Some analysis suggests that Oracle's order backlog will weigh on capital investment, while others view it as a contrarian buy (Seeking Alpha). US media has pointed out that the AI capital investment boom is masking the true state of S&P 500 corporate profits (businessinsider.com). Lam Research's stock price rose after analysts raised their capital investment outlook (timothysykes.com). It was reported that Nippon Life Insurance will provide a loan of 2 trillion yen to build AI infrastructure for data hubs in the United States (Nihon Keizai Shimbun).

Trade and industrial policy

The US-China trade team is expected to hold talks in New York on topics such as tariffs, AI, and Iran (The Straits Times). US Treasury Secretary Bessent will reportedly discuss AI and rare earths with China's He Lifeng (NDTV Profit). President Trump announced the creation of an "AI Force" and called concerns about superintelligence a "hoax" (New York Post). Egyptian President Sisi has ordered the expansion of AI, cloud, and 5G networks (Egypt Today).

Integrated analysis: What is happening now

The statements by the IMF and the People's Bank of China's advisors indicate that expectations for AI's productivity effects and concerns about its side effects, such as imbalances in supply and demand and widening disparities, are beginning to be expressed simultaneously at the level of international organizations and authorities. In terms of capital investment, funds continue to expand as shown by UBS's $1 trillion forecast and the actions of Oracle and Lam Research, but BusinessInsider's point suggests that there is growing skepticism about whether the actual profits are commensurate with the scale of investment. The tightening of the power grid (IMF) and regional opposition to the construction of data centers (Columbus Dispatch) reflect a picture in which expanding capital investment is beginning to face constraints from physical infrastructure. On the trade front, the US and China are treating AI as a topic of negotiation along with tariffs and rare earths, and industrial policy and geopolitics are becoming prerequisites for AI investment.

Future points of interest

- How will the IMF's AI analysis for Europe affect future policy discussions on measures to correct inequality and electricity infrastructure investment? - How will the market evaluate the discrepancy between the $1 trillion scale of capital investment in 2026 predicted by UBS and the actual corporate profits pointed out by BusinessInsider? - How will AI, tariffs, and rare earths be linked in the US-China trade talks (Mr. Bessent and Mr. He Lifeng, New York meeting) and whether there will be agreements or points of conflict?