AXIOS (Amy Harder) - AI is turning energy into the hottest business in America
The AI boom is pushing companies across the economy — from tech giants to automakers — deep into the energy business. Why it matters: The scramble for electricity has become the gold rush beneath the AI boom, creating enormous financial value and enormous risk if demand falls short. Driving the news: Electricity — long treated as a cheap, abundant commodity — is suddenly emerging as one of the most valuable strategic assets in business. - "Everyone to some extent is either dependent on energy as a core input or they see energy as a huge opportunity," said Brian Janous, who was Microsoft's first energy hire 15 years ago and is now co-founder of data center developer Cloverleaf Infrastructure. The latest: Ford unveiled earlier this…
The AI boom is pushing companies across the economy — from tech giants to automakers — deep into the energy business. Why it matters: The scramble for electricity has become the gold rush beneath the AI boom, creating enormous financial value and enormous risk if demand falls short. Driving the news: Electricity — long treated as a cheap, abundant commodity — is suddenly emerging as one of the most valuable strategic assets in business. - "Everyone to some extent is either dependent on energy as a core input or they see energy as a huge opportunity," said Brian Janous, who was Microsoft's first energy hire 15 years ago and is now co-founder of data center developer Cloverleaf Infrastructure. The latest: Ford unveiled earlier this…Open