Skip to main content

Big Tech's AI Data Centers Are Driving Up Electricity Bills for Everyone

4 months 1 week ago
Electricity rates for individuals and small businesses could rise sharply as Amazon, Google, Microsoft and other technology companies build data centers and expand into the energy business. Residential electricity bills increased at least $15 monthly for Ohio households starting in June due to data center demands, according to utility data and an independent grid monitor. A Carnegie Mellon University and North Carolina State University analysis projects average U.S. electricity bills will rise 8% by 2030 from data center growth, with Virginia facing potential 25% increases. Virginia regulators estimate residents could pay an additional $276 annually by 2030. National residential electricity rates have already risen more than 30% since 2020. Tech companies' AI push requires data centers that consumed over 4% of U.S. electricity in 2023, with government analysts projecting consumption reaching 12% within three years. American Electric Power warned Ohio regulators that without new rate structures requiring data centers to pay more upfront costs, residents and small businesses would bear much of the expense for grid upgrades.

Read more of this story at Slashdot.

msmash

CoreWeave CFO: $25B raised in debt and equity in 18 months

4 months 1 week ago
Reliant on two mega customers? Who says GPU-for-rent kingpin is a not a sustainable biz model?

Rent-a-GPU biz CoreWeave is still racking up eyewatering debts amid mounting net losses as it continues to burn cash on expanding datacenter capacity.…

Dan Robinson

Commissioner of Canada Elections Will 'Explore the Use' of AI

4 months 1 week ago
The Office of the Commissioner of Canada Elections (OCCE) has revealed in its annual report that it will "explore the use" AI and emerging technologies to see how they will shape the government body's approach for the next year. From a report: Commissioner Caroline Simard's office didn't outline ways it might adopt AI. In its outlook, the OCCE expected to use funding announced in January 2025 to secure the tools needed for addressing the "challenges of today's electoral environment." This included staffing roles dictated by its new structure and reflected "ongoing modernization efforts," but no further details. The Commissioner is an independent officer who ensures the government, political parties, and others honour both the Canada Elections Act and Referendum Act. This includes core aspects like financing, nominations, campaigning, and advertising. More recently, the OCCE has been addressing rising issues with AI, including election disinformation facilitated by bots, AI-generated images, and deepfakes (AI-generated videos that resemble real people in false scenarios).

Read more of this story at Slashdot.

msmash