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The rush to capitalize on the buzz around AI has led tech companies to dramatically expand their data center footprints. That’s been good news for companies like Nvidia, but it has also led to unprecedented growth in the power industry. New and expanded data centers are expected to double the sector’s power demand by 2029,…
This month, the Trump administration instituted sweeping cuts within the federal agencies in charge of power from hydroelectric dams, raising fears of grid instabilities in key data center markets. The recent layoffs slashed between 13% and 20% of the four Power Marketing Administrations’ workforces, affecting everyone from linemen to the teams that direct power on…
Tech companies, data center developers, and power utilities have been panicking over the prospect of runaway demand for electricity in the U.S. in the face of unprecedented growth in AI. Amidst all the hand wringing, a new paper published this week suggests the situation might not be so dire if data center operators and other…
Brendan Wallace has a lot on his mind lately. Wallace is the co-founder of Fifth Wall Ventures, a nine-year-old proptech venture firm with $3.2 billion in assets under management. He’s also a homeowner in L.A., which continues to battle raging wildfires. While his place remains intact, many of his friends haven’t been so lucky. Wallace…
We may now know roughly how much money SoftBank and OpenAI are contributing toward Stargate, the massive infrastructure project to build data centers for OpenAI across the U.S. SoftBank and OpenAI each plans to commit $19 billion of capital to Stargate, according to The Information. The two companies would then both own 40% of the…