How AI Is Driving Up Consumer Prices The recent surge in consumer prices has raised concerns among economists and policymakers. A closer examination reveals a new contributor: artificial intelligence.
At first glance, the connection between AI and rising costs may seem unclear, but a more sinister relationship emerges upon further investigation.
Data suggests that AI powered automation increases efficiency in supply chains, benefiting companies at the expense of consumers. This might appear counterintuitive, as automation typically drives down prices.