Reported 5 months ago
Nvidia's recent strong earnings report indicates a high demand for data centers in the era of artificial intelligence. Experts foresee a challenge in meeting this demand due to the insufficient power infrastructure. Data centers are crucial for advanced computing processes, with power demand in the US expected to double by 2030, driven by AI usage. Utility companies are already preparing for increased electricity demands from AI, which is causing a shift in the industry due to exponential growth. Hyperscalers like Microsoft, Amazon, Alphabet, and Meta, along with enterprise firms, are driving the demand for data centers, leading to a race among power companies to meet the growing energy needs.
Source: YAHOO