AI sector is on course to use as much electricity as Spain by 2027, new report warns

The fast-paced growth of the generative artificial intelligence (AI) sector has put it on course to start consuming the same amount of electricity each year by 2027 as was used by the entirety of Spain in 2022, new modeling by Morgan Stanley shows. The rapid expansion of the Generative AI industry is set to see its power usage grow at rates of 70% each year, from under 15 terawatt hours (TWh) in 2023 to heights of 224 TWh by 2027 – in sums close to the 230 TWh used by all of Spain throughout 2022. Morgan St ...