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Smartphones, computers and other devices have indispensable parts of our lives. Many people a small fortune on ensuring they have the latest tech. However, up to date with the latest gadgets is to more expensive. This is because of the explosive rise in demand for servers in AI data centres. AI systems need to enormous amounts of data and it much faster than traditional computing requires. Suppliers are to keep up with demand. Yahoo.com wrote: "The enormous sums of money into the AI race are up costs for resources and components throughout the economy."

Tech giants Apple and Microsoft have price rises for their products. However, Apple said its iPhone would be from the price hikes. Apple said: "We have never a component price this much, this quickly." It added: "We have our customers from these increases so far, but we have now a point where we need to begin raising prices on a number of products." Microsoft said: "The entire consumer electronics industry is with the current components crisis." People are now about rising tech prices affecting their pockets. In addition, the growth of AI data centres has demand for electricity, up utility bills in some areas.