AI takes massive amounts of energy to do even the simplest of tasks. Those billions and billions of calculations are now taking a bite out of the energy grids all around the world.
According to the International Energy Agency (IEA), data centers around the world currently account for 1.5% of the world’s total energy use. To put that into perspective, the continent of Africa uses 1%-6% of the world’s energy.
Furthermore, Wells Fargo has projected that AI power demand will increase 550% by 2026 and another 1,150% by 2030.
This is a problem, a very big problem.
This post originally appeared at Money Morning.