TechFlow news: On April 2, according to Fortune, Deutsche Bank’s Chief U.S. Economist Matthew Luzzetti and his team released a research report on March 30, testing the market consensus that “AI will significantly reduce inflation” by posing questions to three major AI systems. The models tested included Deutsche Bank’s proprietary tool dbLumina, OpenAI’s ChatGPT-5.2, and Anthropic’s Claude Opus 4.6.
The results were surprising: Across a one-year horizon, all three models agreed that AI’s impact on inflation is most likely “negligible.” Moreover, all models judged the probability of AI increasing inflation to be higher than that of AI significantly reducing inflation. Specifically, dbLumina estimated a 40% probability that AI would increase inflation versus only 5% for significantly reducing it; Claude assigned probabilities of 25% and 5%, respectively; and ChatGPT assigned 20% and 5%. All three models identified the same primary reason: demand-pull inflationary pressure generated by the AI investment boom itself—namely, large-scale data center expansions, surging semiconductor demand, and sharply rising electricity consumption driven by AI workloads.
