Is AI really making electricity bills higher? Heres what the experts say | CNN Business
News Source : CNN
News Summary
- Data centers are projected to consume approximately 6.7% to 12% of US electricity in 2028.
- That growth is contributing to more electricity demand than the United States has seen in two decades.
- Data center construction spending reached a high of $40 billion in June, according to a Bank of America Institute report.
- The power industry just isn’t equipped to keep up, said Bob Johnson, an analyst with market research firm Gartner who follows the semiconductor industry.
- The AI boom is boosting electricity demand and power resources as tech giants pour billions into what many believe is the biggest computing shift in decades.
Lindsey Martins electricity bill reached $314 in July, the highest bill she had received this year until that point, she said on TikTok. In the videos more than 4,000 comments, many users reported si [+4522 chars]
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