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home / news releases / data centers are driving an electricity demand surge

JJETF - Data Centers Are Driving An Electricity Demand Surge From AI Platforms Like ChatGPT

iPath Bloomberg Energy Total Return Sub-Index ETN

2024-06-04 07:33:37 ET

Summary

  • Goldman Sachs predicts a major surge in electricity consumption in the US due to the rapid growth of data centers powering AI platforms like ChatGPT.
  • The Electric Power Research Institute estimates that data centers could consume more than double their current electricity consumption by 2030.
  • Natural gas is expected to supply the majority of the electricity needed, presenting an investment opportunity, while copper is essential for the energy transition and offers attractive returns.

Did you know that every time you type a query into ChatGPT, it requires about 10 times as much electricity to process as a Google search?...

For further details see:

Data Centers Are Driving An Electricity Demand Surge From AI Platforms Like ChatGPT
Stock Information
Company Name: iPath Bloomberg Energy Total Return Sub-Index ETN
Stock Symbol: JJETF
Market: OTC
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