AI memory shortage is now increasing the price of cars — GM warns of vast cost increases, BYD hikes driver assistance prices 20%

Summary

GM CFO Paul Jacobson says that the company's costs are expected to increase by $1.5 to $2 billion, primarily due to increasing memory chip costs. The move comes as the RAM shortage is affecting the automotive industry, right as cars are requiring more memory and storage due to infotainment and ADAS features.