Representative Alexandria Ocasio-Cortez, D-N.Y., stated that Congress should consider breaking up large companies like Apple in response to potential price increases for phones and laptops due to a strained supply chain for processing chips. Ocasio-Cortez emphasized the need for consumer protections and expressed concerns about the unchecked power of large corporations. Apple’s outgoing CEO Tim Cook indicated that rising costs may lead to unavoidable price increases for consumers. Ocasio-Cortez also suggested that Congress revisit measures to mitigate the local costs associated with the AI race, particularly regarding the energy demands of data centers. She noted that the CHIPS Act, which was passed in 2022, did not account for the increased energy consumption from these data centers, which are now a significant factor in the tech landscape.
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Rep. Alexandria Ocasio-Cortez Calls for Congress to Address Big Tech and Price Increases
Rep. Alexandria Ocasio-Cortez has called for Congress to consider breaking up large tech companies like Apple amid potential price increases for consumers due to supply chain issues. She highlighted the need for consumer protections and suggested that Congress revisit legislation to address the energy demands of data centers, which were not adequately covered by the CHIPS Act.
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AOC puts major tech company on notice amid looming price increases: 'Far too big'
Rep. Alexandria Ocasio-Cortez Calls for Congress to Address Big Tech and Price Increases