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The Impact of AI on Inflation
The bicycle bubble was the transformative technology and we still have those bikes. It's just how much you pay for it and how profitable it is. I guess it's true that AI might just drive margins right down for everyone because it just kind of democratizes information, he says. The thing is, though, if you look at the components of inflation, long-term, things like health care are what's really driven inflation in the U.S., so that probably won't be affected.
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