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The Rate-Inelasticity of Compute

This story is from 2026-10-19. It is preserved in the archive; the latest stories are on the live feed.

Frontier artificial intelligence labs have discovered that capital expenditures can outrun the discount rate. Central bankers have started to price the artificial intelligence buildout as a macroeconomic shock. At the International Monetary Fund meetings in Thailand and recent central banking sympo…

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  1. 2026-10-19 16:36 · DEV Community — AI
    The Rate-Inelasticity of Compute

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