@Jacobin
The artificial intelligence craze likely just delivered more industry-wide price hikes on household electronics. After accepting billions in taxpayer subsidies, the technology company Micron is shutting down its generic line of consumer-facing chip products to instead focus exclusively on its megacorporation AI customers. The move is expected to drastically limit market competition and raise prices […]
The artificial intelligence craze likely just delivered more industry-wide price hikes on household electronics. After accepting billions in taxpayer subsidies, the technology company Micron is shutting down its generic line of consumer-facing chip products to instead focus exclusively on its megacorporation AI customers. The move is expected to drastically limit market competition and raise prices […]
AI Is Driving Up the Price of Consumer Electronics
Driven by the AI boom, chip manufacturers are pivoting production lines toward megacorporate clients. The move will make consumer electronics even ...
