Deutsche Bank research: The three major AI models agree that AI is more likely to raise inflation in the short term

Gate News message, on April 2, according to Fortune, the team of Deutsche Bank’s chief U.S. economist Matthew Luzzetti released a research report on March 30 that tested the market consensus that “AI will significantly reduce inflation” using three major AI systems. The experimental subjects include Deutsche Bank’s proprietary tool dbLumina, OpenAI’s ChatGPT-5.2, and Anthropic’s Claude Opus 4.6. The results show that in a one-year outlook, all three models agree that AI’s impact on inflation is most likely to be “negligible,” and that all models judge the probability that AI would raise inflation to be higher than the probability that it would significantly reduce inflation. Among them, dbLumina says the probability of AI raising inflation is 40%, while the probability of significantly reducing inflation is only 5%; Claude’s probabilities are 25% and 5%, respectively; ChatGPT’s are 20% and 5%. All three models point out that the main reason is demand-driven inflation pressure stemming from the AI investment boom, including large-scale expansion of data centers, a surge in semiconductor demand, and a sharp rise in power consumption caused by AI workloads.