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Energy Consumption

All articles tagged with #energy consumption

O'Leary Defends Utah Data Center, Blames Paid and AI-Generated Protests
business20 days ago

O'Leary Defends Utah Data Center, Blames Paid and AI-Generated Protests

Kevin O'Leary defended his 40,000-acre Utah data center project, calling critics "professional protesters" and alleging some opposition is funded or amplified by artificial intelligence. The project was unanimously approved despite environmental concerns; when complete, the build-out is expected to consume about 9 GW and generate and use more energy than Utah currently uses.

politics2 months ago

Progressives push national pause on new data centers to curb energy and water use

A growing bloc of progressives on Capitol Hill is backing a nationwide moratorium on new data centers to slow energy and water use, with Sen. Bernie Sanders leading and Rep. Pramila Jayapal rallying behind it; supporters say a pause would let regulators catch up as the White House pushes AI growth, while Democrats across the spectrum warn it could hurt competitiveness, with local and state moves (New York, Denver) and mixed public opinion shaping the debate.

Former Fidelity star warns OpenAI danger; investors urged to shelter in safer assets
markets4 months ago

Former Fidelity star warns OpenAI danger; investors urged to shelter in safer assets

Veteran money manager George Noble warns OpenAI shows warning signs—rising costs, fierce competition, talent exodus, and potential legal fights—making AI-adjacent bets high risk. He advises trimming exposure to Magnificent 7 AI plays and rotating into fundamentals-based assets like gold and select small-/mid-cap stocks, arguing that valuations don’t reflect risk and that smarter money is seeking steadier bets amid an AI hype cycle cooling.

Professor Coin Explores Bitcoin's Role in Sustainable Crypto Future
technology7 months ago

Professor Coin Explores Bitcoin's Role in Sustainable Crypto Future

Bitcoin's energy consumption remains high, with recent estimates at 138 TWh annually, raising environmental concerns beyond just carbon emissions to include water, land, and e-waste impacts. While Bitcoin continues to use proof-of-work, which is energy-intensive, alternatives like Ethereum's proof-of-stake demonstrate that blockchain networks can be secure and more sustainable. Policy pressures are increasing, and the future of crypto's environmental impact depends on technological, regulatory, and community choices.