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AI Shift from Chips to Power
The stakes in the tech industry are shifting from a chip warfare to an energy race as its infrastructure for artificial intelligence expands, with large data centers demanding vast amounts of power. McKinsey predicts that AI infrastructure investments will surpass $5 trillion by 2030, with developers needing approximately 100 gigawatts of new capacity. Companies like Microsoft and Google face challenges in providing sufficient electrical infrastructure, while private firms such as PetZero are seeking to secure low-cost energy resources and land in strategic locations to develop their projects. Their efforts are tied to expanding transportation and electricity networks, as physical limitations restrict the construction of many data centers worldwide.
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