Business Insider
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3 ways AI is adding to inflation, according to Goldman Sachs
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Goldman Sachs identifies three ways artificial intelligence is contributing to inflation in the US economy: increased computer hardware costs, AI service premiums, and elevated electricity expenses for powering AI systems.
3 ways AI is adding to inflation, according to Goldman Sachs
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Experts expect AI to fuel disinflation, but so far it's doing the opposite, Goldman Sachs said.
AI is adding to the inflation weighing on US consumers, not offsetting it.
Computer parts, AI upcharges, and pricy power bills are among the AI inflation inputs flagged.
AI is contributing to mounting inflationary pressures that are weighing on US consumers, Goldman Sachs said.
It's been predicted that the technology could rewire the global economy by fueling transformational
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