alt Hacker NewsSo, like, we were already pretty much priced out of higher-end graphic cards, and now it's happening to RAM. All this while jobs are disappearing, layoffs are ongoing and CEOs are touting AI's 'capabilities' left and right.
Next is probably CPUs, even if AIs don't use them that much, manufactures will shift production to something more profitable, then gouge prices so that only enterprises will pay for them.
What's next? Electricity?
Where the f*k is all the abundance that AI was supposed to bring into the world? /rant
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In the share prices. Hope you're rich, because that's the only thing the economy cares about.
Ram is a commodity they have spikes in demand/shortage of supply which drive the price up like this.
I remember when there was a flood somewhere in Thailand in the 2011 and the prices of hardisks went up through the roof.
https://www.forbes.com/sites/tomcoughlin/2011/10/17/thailand...
Actually, this seems to be mostly a spike in retail prices, not wholesale DRAM contracts that are only up 60% or so in the past few months according to Samsung. So we should most likely place at least some fraction of the blame on our fellow consumers for overreacting to the news and hoarding RAM at overinflated prices. DRAM sticks are the new toilet paper.
The abundance is there, it just isn't for you or other working class people
Electricity prices are already skyrocketing, it's present - not next.
Maybe that is the answer to how things are supposed to work if AI replaces everyone and no one can afford to buy their stuff.
Things being too cheap allows money to pool at the bottom in little people's hands in the forms of things like "their homes" and "their computers" and "their cars".
You don't really want billions in computing hardware (say) being stashed down there in inefficient, illiquid physical form, you want it in a datacentre where it can be leveraged, traded, used as security, etc. If it has to be physically held down there, ideally it should be expensive, leased and have a short lifespan. The higher echelons seem apparently to think they can drive economic activity by cycling money at a higher level amongst themselves rather than looping in actual people.
This exact price jump seems largely like a shock rather then a slow squeeze, but I think seeing some kind of reversal of the unique 20th century "life gets better/cheaper/easier every generation".