As AI Races Ahead, the Real Battle Is Over Power and Infrastructure

he International Energy Agency (“IEA”) projects that global data-center electricity consumption will more than double to roughly 945 terawatt-hours by 2030, with AI cited as the most important driver of that growth. As a result, investor attention is widening from AI software and chip design toward the “picks and shovels” layer of the industry: power, hyperscale data-center […]