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Eric Schmidt Says 'We're Running Out Of Electricity,' Urges Space Data Centers — SpaceX CEO Elon Musk Quips: 'If Only There Were A Company'
Yahoo Finance· 2026-02-18 11:45
Over the weekend, SpaceX CEO Elon Musk reacted to comments from former Google CEO Eric Schmidt, who warned the U.S. needs an additional 92 gigawatts of power to sustain artificial intelligence growth. AI Power Demand Surges As Grid Strains Musk shared a video clip of Schmidt saying, U.S. is "running out of electricity." He also noted that the average nuclear plant generates about 1.5 gigawatts. "If only there were a company that could do this," Musk wrote on X while sharing the clip, referring to the eme ...
Elon Musk's Space Data Centers: 3 ETFs to Ride the AI Boom to the Stars
247Wallst· 2025-11-05 17:25
Core Insights - The artificial intelligence (AI) boom is leading to significant challenges for data centers, primarily due to increased energy consumption, land scarcity, and regulatory issues related to environmental and ethical concerns [1] Group 1: Energy Consumption - The demand for computational power from AI is causing energy consumption to skyrocket, which is straining electric grids [1] Group 2: Land Scarcity - There is a growing scarcity of suitable locations for data centers, which is becoming a critical issue as the AI industry expands [1] Group 3: Regulatory Hurdles - Data centers are facing regulatory hurdles concerning their environmental and ethical impacts, which could affect their operations and growth [1]