AI Data Centers Driving Up Prices for Consumer Goods, Says Apple CEO

You're going to pay more for lots of things. Blame AI.

Apple CEO Tim Cook says rising AI costs have made price hikes for iPhones and other products "unavoidable." WWDC We've gotten used to lots of reasons for higher prices: Remember supply chains? Tariffs? Now we're getting a new one: AI data centers. Apple CEO Tim Cook is one of many corporate leaders who say the AI boom is pushing their costs way up — and they're going to pass those costs onto consumers. Your next iPhone is going to be more expensive than the last one you bought. Same thing f...