American consumers \u2014 and the Federal Reserve \u2014 are being hit with another\u00a0high-cost headache.<\/p>\n
The gusher of investment in data centers \u2014 likely\u00a0topping $700 billion\u00a0this year \u2014 to power artificial intelligence has made memory chips, computer processors and other equipment, as well as electricity, more expensive. Economists expect it will continue to push up inflation at least through the end of this year.<\/p>\n
While it won\u2019t be as large a spike as occurred in 2021-2023, when inflation peaked at 9.1%, massive AI spending is likely to keep prices rising more quickly than the Federal Reserve would like. Such increases could lead the central bank to\u00a0lift its key interest rate\u00a0later this year to cool spending and bring down inflation. Higher rates from the Fed often boost borrowing costs for auto loans, mortgages, and business loans.<\/p>\n
MA joins challenge to Paramount\u2019s takeover of Warner Bros<\/p>\n
Twelve states challenged Paramount\u2019s\u00a0takeover of Warner Bros. Discovery\u00a0on Monday, filing a lawsuit that argues the $81 billion mega merger would \u201cextinguish competition\u201d in Hollywood and threaten jobs across the industry.<\/p>\n
They are: Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington.<\/p>\n
A Paramount-Warner combo\u00a0would mean\u00a0putting HBO Max, cult-favorite titles like \u201cHarry Potter\u201d and\u00a0even CNN\u00a0under the same roof with CBS, \u201cTop Gun\u201d and the Paramount+ streaming service.<\/p>\n","protected":false},"excerpt":{"rendered":"American consumers \u2014 and the Federal Reserve \u2014 are being hit with another\u00a0high-cost headache. The gusher of investment…\n","protected":false},"author":2,"featured_media":104455,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,25,309,2853,18313,66,134,40595],"class_list":["post-104454","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ai","tag-ai","tag-artificial-intelligence","tag-business","tag-latest-headlines","tag-nation","tag-news","tag-technology","tag-ticker"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/104454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=104454"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/104454\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/104455"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=104454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=104454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=104454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}