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Big Tech's $8 trillion AI bet is making consoles, cars, and electricity more expensive for everyone else - WorldNL Magazine

Big Tech's $8 trillion AI bet is making consoles, cars, and electricity more expensive for everyone else

6 days ago 9

What is often framed as a race to develop smarter AI models is, in practice, a massive industrial expansion. Data centers require dense clusters of advanced chips, extensive cooling systems, fiber networks, and backup power. Columbia University economist Stijn Van Nieuwerburgh put it plainly, describing the effort to the Wall...

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