[z2]

This is a late reply, but the point isn't aggregate demand. RAM price inflation directly harms people who have no stake in AI and made no choice to participate in this buildout. That's the definition of a negative externality, costs borne by non-parties. "Money steers the ship" is exactly the issue, when prices don't capture full social costs, markets like the AI suppliers will overproduce. Whether AI ultimately proves beneficial is a separate question from whether current pricing (of AI) reflects true costs.

For the record I'm leading the AI program at my company and am very vested in the positive side. But one can also be aware there are downsides, more so than complaining.