Electricity supply bottleneck for AI growth; tech giants invest billions
Financial Times — April 17, 2024, 11:00 AM UTC
Summary: Electricity supply is becoming a bottleneck for AI growth, with tech giants like Amazon, Microsoft, and Google investing billions in data centers. By 2030, global demand for data centers may exceed capacity. Data center electricity consumption is set to double by 2026, reaching 1,000 terawatt hours. To address this, nations need to reform grids and improve efficiency. Interest in onsite power generation and nuclear energy is growing.
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