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

Source: Business Insider

Apple CEO Tim Cook says rising AI costs have made price hikes for iPhones and other products "unavoidable. "WWDCWe'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.