Most Electricity Sought for AI Data Centers in US Will Never Materialize

More than two-thirds of the electricity sought for the artificial intelligence boom in the US isn’t likely to materialize due to “phantom” projects and long-shot pitches.

By Gabriel Levin and Emily Forgash · Bloomberg Markets

More than two-thirds of the electricity sought for the artificial intelligence boom in the US isn’t likely to materialize due to “phantom” projects and long-shot pitches.