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AI Boom Driving Up Everyday Prices
The AI boom is sending shockwaves through everyday prices as demand for chips, electricity, and skilled labor surges. Data centers are gobbling up resources, driving up costs for everything from software to electronics—software prices jumped 15% in May, components rose 27%. Chipmakers prioritize AI chips, leaving consumer gadgets scarce and pricier. Construction workers and power grids are under strain too, fueling inflation fears. While some believe AI could eventually slash prices via productivity gains, experts warn the current inflationary pressure is very real—and here to stay. Support…
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