AICNBC Techabout 2 hours ago
AI's costly buildout complicates the Fed's inflation fight
1 min read
AI's costly buildout is causing near-term inflation and supply chain snarls, complicating the Federal Reserve's inflation fight. U.S. capital expenditure on AI is expected to reach $581 billion this year, with Goldman Sachs estimating up to $1 trillion globally. Household electricity prices rose 10.1% in two years, outpacing overall inflation.
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