Smartphones, computers and other devices have become indispensable parts our lives. Many people spend a small fortune ensuring they have the latest tech. However, keeping to date the latest gadgets is set to become more expensive. This is because the explosive rise demand for servers in AI data centres. AI systems need to store enormous amounts of data and move it much faster than traditional computing requires. Suppliers are struggling to keep with demand. Yahoo.com wrote: "The enormous sums money going the AI race are driving up costs resources and components the economy."
Tech giants Apple and Microsoft have announced price rises their products. However, Apple said its iPhone would be insulated the price hikes. Apple said: "We have never seen a component price increase this much, this quickly." It added: "We have shielded our customers these increases so far, but we have now reached a point where we need to begin raising prices a number products." Microsoft said: "The entire consumer electronics industry is struggling the current components crisis." People are now worrying rising tech prices affecting their pockets. In addition, the growth AI data centres has increased demand electricity, pushing up utility bills in some areas.
