Consumers are being warned of a price hike for technology like phones and computers due to the rise of AI creating a shortage of computer chips. 

The cost for parts like RAMs have also sky rocketed with some products already costing double, or triple, what they did a year ago. 

"There's only so much production capability on the planet, and what we're seeing is where these chips are fabricated, they are diverting their production away from the RAM that's used in our consumer devices to the high bandwidth memory that is being used in the AI data centres," Gorilla Tech CEO Paul Spain told Andrew Dickens.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.