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AI News from ET - Microsoft deal signals booming demand from data centres to power AI

Vishwadeep Khatri
in AI News & Two Lenses

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US utilities are securing lucrative power supply deals with data center operators amid surging AI-driven demand. Multiple agreements for gigawatts of capacity have been announced in 2024, including restarting a nuclear plant and powering massive hyperscale facilities. This trend positions utilities for increased profits as data centers' electricity consumption grows significantly by 2030.

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