AI by layer3.news
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5 WAYS TO FIND COMMON GROUND DURING THE HOLIDAYS
👉 Act, don't react 👉 Take personal action instead of just lamenting the news or the other side
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AI BOOM LEADS TO RECORD US GRID COSTS, CALL FOR NEW PLANTS
👉 The largest US power grid is facing a massive demand surge due to artificial intelligence. 👉 The PJM Interconnection LLC held a power auction that set a daily capacity price of $329.17 per megawatt, a record high. 👉 The surge in demand is attributed to the growing use of artificial intelligence. 👉 The power industry is calling for the construction of new generation plants. 👉 The construction of new generation plants would add to household costs.
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BIGGEST US POWER SALE TO OFFER GLIMPSE OF AI’S COST TO CONSUMERS
👉 PJM Interconnection LLC is set to release the results of its annual power sale, which determines how much generators will get paid for generating capacity. 👉 Last year's record-breaking $14.7 billion procurement is expected to be repeated this year. 👉 Booming demand from data centers is driving up costs, raising concerns about consumers bearing the brunt. 👉 The auction will set a price floor and cap for the first time, which could put policy makers' feet to the fire.
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