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AI Boom Driving Up Prices | Raleigh News
AI’s explosive growth is driving a hidden inflation wave, with over $700 billion funneled into data centers this year—spiking prices for chips, processors, and electricity. Economists warn this could push inflation higher through the year, forcing the Fed to raise rates and making loans for homes, cars, and businesses more expensive. Consumers are already feeling it: laptops, phones, gaming gear, and even power bills are climbing. iPhones may be next. While some costs cool, AI’s energy demand will keep straining utilities for years—proof that even the coolest tech carries real financial…
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