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“AI Is Already Wreaking Havoc on Global Power Systems,” reports Bloomberg.
Warren Buffett hates technology.
Yet even the 93-year-old investor understands the problem. And he’s investing billions in this Oppenheimer Project in Wyoming.
Bloomberg reports…
“Globally, there are more than 7,000 data centers built or in various stages of development, up from 3,600 in 2015.
These data centers have the capacity to consume a combined 508 terawatt hours if they were to run constantly. That’s greater than the annual energy production of Italy or Australia.
By 2034, global energy consumption by data centers is expected to top 1580 TWh, about as much as is used by all of India.”
Datacenter power usage is already soaring.
Energy use in the U.S. is expected to jump 40% in the next 20 years, according to the CEO of NextEra Energy (NYSE: NEE).
The #1 reason?
Artificial Intelligence datacenters.
This chart shows that datacenters use more electricity than most countries.
The world needs more electricity.
Solar, wind and other green energy sources are great. However, insiders in Silicon Valley recognize that there simply isn’t enough electricity.
CEOs at electric utilities also see huge energy shortages.
Ian