Infrastructure growth, data centers, & US utilities accelerating energy demand.
America’s Next Big Infrastructure Movement Has Arrived
“President Trump announced Tuesday billions of dollars in private sector investment to build artificial intelligence infrastructure in the United States… OpenAI, Softbank and Oracle are planning a joint venture called Stargate, Mr. Trump said in a White House briefing.”
Link to Full Article Here.
Infrastructure is destiny in the AI era
“In a presidential campaign where the two candidates don’t agree about much of anything, there’s one area of common ground: the importance of the U.S. being a clear leader in AI.
Reports indicate Trump allies want to create a series of “Manhattan Projects” to identify new uses for AI technology. In her acceptance speech at the Democratic convention, Vice President Kamala Harris promised to make sure that the U.S. would “lead the world into the future” on AI and that “America, not China, wins the competition for the 21st century.”
The comments show that both candidates understand an essential truth: When it comes to the technology that will shape so much of what the world will look like going forward, infrastructure is destiny. It’s increasingly clear that building more data centers and power plants will catalyze a reindustrialization of the U.S. that benefits the entire country.“
Link to Full Article Here.
Flexential to Accelerate Expansion and Growth with Strategic Investment from Morgan Stanley Infrastructure Partners and Continued Support from GI Partners
“Flexential, a leading provider of secure and flexible data center solutions, today announced a strategic investment from Morgan Stanley Infrastructure Partners (MSIP). MSIP is partnering with GI Partners to accelerate Flexential's growth and to support its mission to meet increasing demand for digital infrastructure.”
Read Full Release Here.
Microsoft Azure CTO: US data centers will soon hit size limits
“The data centers that make generative AI products like ChatGPT possible will soon reach size limits, according to Microsoft Azure Chief Technology Officer Mark Russinovich, necessitating a new method of connecting multiple data centers together for future generations of the technology.”
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U.S. Utilities to Face Significant Challenge as Power Demand Surges: Report
“U.S. power demand has remained essentially flat for the past decade, “but this is all about to change as a pending surge in demand growth will be the biggest challenge for utility companies in decades,” consulting firm Wood Mackenzie recently said.
According to the report, “Gridlock: the demand dilemma facing the US power industry,” U.S. electricity demand growth will be between 4% and 15% through 2029, depending on the region, with burgeoning data center development, a resurgence in energy-intensive US manufacturing, and greater transport and heating electrification driving electricity demand growth not seen since the 1990s.
Demand growth rates for individual utilities may be much higher as the demand being added to the grid is not evenly spread and one large load can have a significant impact on the growth of individual utilities.”
Read Full Report Here.