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There are only two ways it could: either power cost increases which only make up a small portion of cost of living or somehow believing it responsible for infla
by Nasrudith 1y ago
There are only two ways it could: either power cost increases which only make up a small portion of cost of living or somehow believing it responsible for inflation. But the latter doesn't make any sense, especially as they believe the money spent to be 'lost'.
- righthand 1y agoHow does that not make sense? Inflation is lost money from a consumer viewpoint.
- seanmcdirmid 1y agoMoney spent on AI is taking GPUs and software engineers off the market, as well as the energy needed to drive AI data centers. AI doesn’t need food, well, beyond the SWEs, it shouldn’t be inflating food at all. The only thing I could think of is AI investment drawing away agriculture investment or something. Or maybe AI data centers replacing farmland?