Phones and laptops get pricier as memory chip shortage drives up costs

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Smartphones, laptops and gaming consoles are becoming more expensive because a worldwide shortage of memory chips is pushing up the prices of DRAM and storage. OpenAI chief Sam Altman, speaking on the Cheeky Pint podcast, argued that running AI models locally wastes scarce memory, which sits unused about 95% of the time. Intel has cautioned that the PC market is set to contract. SK Hynix has said the shortage could persist until 2030.

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