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Former Google CEO Eric Schmidt warns the U.S. is “running out of electricity,” needing an extra 92 gigawatts to power AI’s growth. This demand surge, driven by massive data centers, could push consumer electricity prices up significantly. In response, tech giants like Microsoft, OpenAI, and Anthropic have pledged to cover their data centers’ power costs. Google’s parent company, Alphabet, is even exploring orbital data centers (Project Suncatcher) to use solar power in space.
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