If AI is deflationary, every stock market, globally is a short. Do you see all stock markets cratering ? Environmental uncertainty is increasing , no amount of AI will change the inflationary impact it has. Global Political Instability is increasing. That's inflationary as well. From a straight consumer perspective - You can buy a 50 phone. Do you ? You can buy a 100 laptop. Do you ? How many AI subscriptions do you have ? In a world of millions of models, trillions of agents , how many do you think you will end up with ? The cost to create a minute of video will decline rapidly. Do you think Netflix will lower their prices ? Bandwidth prices have dropped like a rock, but now we want more, and wireless. Technology always advances and we always find ways to want to consume more of it. It makes anything digital cheaper on a per bit or per unit basis , but we make it far easier to build and consume it, so we consume more of it. We want more of it. We pay more for it. Then we pay for the service around it that ships us the updates and enhancements. Which is inflationary. Entrepreneurs will find a way,bwirh the help of AI, to sell us more of the more expensive new shit , even if the price of the old shit drops like a rock