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AI Data Centers Fueling Inflation | Texas News
AI’s explosive growth is fueling a $700 billion data center boom, driving up prices for chips, processors, and electricity—and hitting consumers hard with rising laptop, phone, and console costs. Even big names like Microsoft and Apple are raising prices due to soaring component costs. Economists warn this inflationary pressure could persist through 2024, while the Fed faces a tougher balancing act as AI-driven demand threatens to complicate their efforts to cool prices. With electricity demand soaring and utility costs set to stay elevated through 2028, this isn’t a short-term glitch—it’s a…
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