Video / Short
Why Your Bills Are Going Up And AI Is Behind It
Demand for chips, data-centre capacity and electricity is rising with the AI boom. This short connects that demand to higher technology and energy costs.
Video summary
The speaker links a reported higher price for a game console to demand for chips from companies investing heavily in AI. They predict that the broader AI boom could also increase pressure on power prices and other industries.
As a response, the speaker suggests that smaller users take advantage of AI while companies and investors are subsidising adoption in pursuit of growth and market share. Price causes, predictions and the proposed commercial advantage are the speaker’s views, not verified financial analysis or advice.
Video transcript
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Steam machine just announced its new game console pricing, 1350 instead of 950 as it was expected to be. This is a big disappointment for all prospective customers and gamers. Well, what's caused that? Well, it's the boom in AI. The big companies are buying up the chips, forcing up pricing. This is going to happen in other areas, too. I think we're going to see power prices increase and many other industry effects as we roll out this massive boom that's happening in AI. There is something you can do about it, though, and that is to use AI a little bit more now. Seems counterintuitive. However, big investment is going in. They want to build their brands.
They're looking for to chase market share and investors are subsidizing the cost of AI. So, you can get some advantage back there. Hope that helps and thanks for watching.