economy
April 30, 2026
Buying a computer? AI is making it more expensive.
April 30, 2026 / 11:30 AM EDT / CBS News
TL;DR
- AI technology requires significant computing power, leading to a shortage of memory chips.
- The chip shortage has caused personal computer prices to increase, a trend not seen since the early 1980s.
- Computer costs have risen more than 3% per month recently, according to Oxford Economics.
- The chip shortage is expected to continue through at least the end of 2027.
- AI's energy consumption is straining the electric grid and increasing utility bills.
- The boom in technology stocks is supporting consumer spending, further contributing to inflation.
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