Episode 70: AI Capex: The Trillion-Dollar Inflation Time-Bomb

About this episode

The episode explores the macroeconomic implications of the AI capex boom and its effects on inflation and credit markets.

Welcome to the Complexity Premia podcast by Coolabah Capital, hosted by Christopher Joye, Chief Investment Officer and Portfolio Manager at Coolabah Capital, and Ying Yi, a Senior Portfolio Management Director at Coolabah Capital. The Complexity Premia podcast strives to deconstruct modern investment problems for wholesale (not retail) participants in capital markets. You can listen on your favourite podcast app, or find it on Spotify, Podbean or Apple Podcasts. In this episode, Chris and Ying Yi unpack the macro consequences of the AI build-out, exploring how the multi-trillion-dollar data-centre capex boom, rising memory costs, and U.S. reshoring are reshaping inflation, credit markets, and central-bank policy. They also assess why AI-exposed sectors like management consulting are expanding—not contracting—as AI augments human productivity. This information is suitable for wholesale investors only and has been produced by Coolabah Capital Institutional Investments Pty Ltd ACN 605806059, which holds Australian Financial Services Licence No. 482238 (CCII). The views expressed in this recording represent the personal opinions of the speakers and do not represent the view of any…

People in this episode

Hosts: Christopher Joye, Ying Yi

Topics covered

• AI build-out
• inflation
• credit markets
• central-bank policy
• data-centre capex
• memory costs
• management consulting

Keywords

• AI
• capex
• inflation
• credit markets
• data-centre
• memory costs
• U.S. reshoring
• management consulting

Mentioned in this episode

Organizations: Coolabah Capital, Coolabah Capital Institutional Investments Pty Ltd, Australian Financial Services Licence No. 482238

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