Goldman Sachs on how AI is making your life more expensive:
"We see three key ways in which AI is boosting consumer prices. First, strong demand for AI infrastructure has raised the price of some key electronics inputs, which has increased computer accessories prices and will
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Goldman Sachs on how AI is making your life more expensive:
"We see three key ways in which AI is boosting consumer prices. First, strong demand for AI infrastructure has raised the price of some key electronics inputs, which has increased computer accessories prices and will likely boost smartphone and computer prices in coming months. Second, the addition of new AI features to existing software has likely put some upward pressure on software prices over the last couple of years. Third, higher electricity demand to power data centers is increasing electricity prices in some US regions, and we expect it to continue boosting inflation over the next couple of years."
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