'They want unchecked power'
Key Points:
- Rep. Alexandria Ocasio-Cortez criticized Apple's recent $200 price hikes on MacBooks and iPads, attributing the increases to a memory chip shortage driven by rapid data center expansion for AI development.
- She called for breaking up Big Tech companies and implementing stronger consumer protections, accusing these firms of wielding unchecked power and negatively impacting jobs and energy prices.
- Apple CEO Tim Cook acknowledged that price increases were unavoidable, while experts suggest these higher prices may become the new normal due to sustained demand for memory chips.
- Ocasio-Cortez highlighted that the CHIPS Act did not anticipate the AI-driven surge in data center demand, suggesting current policies may be insufficient to address the semiconductor supply issues.
- The congresswoman supports legislation, alongside Sen. Bernie Sanders, to impose a moratorium on AI data center development to manage the growing impact on resources and consumers.