The report "Infl-AI-tion Risks" by Frank Flight, a Macro Strategist at Citadel Securities, argues that while markets are currently fixated on the deflationary potential of AI (labor displacement), the actual near-term risk is higher-than-expected inflation.

Citadel offers "conceptual pushback" to the popular narrative that AI will quickly lower costs, highlighting several factors that are instead driving…

The problems in software will not become a macro problem because the underlying US economy is about to take off.

There are three strong tailwinds to growth over the coming quarters:

1. Many financings for data centers have already been committed for 2026.