AI data centers

On Wednesday, the Donald Trump administration unveiled a voluntary agreement with major technology companies aimed at preventing artificial intelligence data centers from pushing electricity costs higher for U.S. consumers. Tech Giants Sign ‘Ratepayer Protection Pledge' At a White House roundtable...

Short seller James Chanos has criticized the tech industry's push towards developing orbital datacenters, outlining that space-based datacenters would cost more. “AI Snake Oil” In a post on the social media platform X on Wednesday, Chanos quoted a video that talked about Tesla Inc. (...

On Wednesday, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk and Sen. Bernie Sanders (I-Vt.) traded sharp words online after the Vermont independent urged a pause on new AI data center construction. Sanders Pushes For Halt On AI Data Centers Sanders on Tuesday called for a moratorium on new AI data centers...

Energy Secretary Chris Wright has said that consumers can expect relief from the relentless rise in electricity prices, and even declines later in President Donald Trump’s term. Electricity Prices Will Stop Rising ‘Very Soon’ On Sunday, Wright said that the sector faces lingering...

Renowned investor and "Shark Tank" personality Kevin O'Leary said Wednesday that artificial intelligence data centers and Bitcoin (CRYPTO: BTC) mining are “competing” for scarce electricity in North America. O’Leary Says US Doesn’t Have Much Power During an interview with...

In a blog post on Wednesday, Cathie Wood-led ARK Invest has projected that the growth and profitability of AI data centers will remain strong, despite increasing power demand and costs. What Happened: The blog written by Sam Korus, director of Research Autonomous Technology & Robotics at ARK...