AI & Machine Learning

Utilities are spending $1.4 trillion to power the AI boom, and it's hiking up electric bills across the US

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Utilities in the US plan to spend $1.4 trillion by 2030 on new power plants and transmission lines to meet the electricity demands of AI and modernize aging grids, according to a PowerLines study. This surge in spending will likely lead to higher electric bills for consumers as utilities seek regulatory approval to recoup costs from customers. Developers and tech professionals should monitor how these cost increases might affect data center operations and energy consumption strategies.

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Utilities are spending $1.4 trillion to power the AI boom, and it's hiking up electric bills across the US

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