Rising borrowing costs are taking a toll on households and businesses. But they are doing little to dampen enthusiasm for investments in A.I. infrastructure, which are contributing to inflation.
There is little sign that higher borrowing costs are doing much to slow artificial intelligence development, which includes spending on chips, data centers and the electrical systems to power them.
Seldom do local officials consider the cumulative effect that several data-center projects have on a region. Construction of a Texas data center near a residential community recently.