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Will AI make things cheaper?

OpenAI's massive spending on computing power aims to make AI more powerful and accessible. If AI can automate tasks and optimise processes across industries, it could lead to lower production costs for goods and services, potentially making everyday items and digital tools more affordable for you in the long run.

Stories that explain this

American Express cutting 3,500 jobs, about 5% of staff, partly because of AI OpenAI projects $278 billion in spending by 2030

Related explainers

Why is AI so expensive? Will Amex cuts affect my card? Which jobs are most at risk? Could my job be affected? What's a 'funding round'? Could UK banks cut jobs too? What is the UK's AI strategy? Will AI make my job cheaper?

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