AI, Data Centers, and Big Tech Are Devouring Electricity: Jim Cramer Has 4 Favorite Utility Stocks
OHIO, JUL 17 – The new Ohio rate class requires data centers to pay penalties if they use less than 85% of committed energy, shifting financial risk from consumers to data centers, regulators said.
5 Articles
5 Articles
Consumers (and a Utility) Get a Win in Ohio, While Data Centers Take the Loss - Inside Climate News
Regulators have approved a plan to protect against data centers that may contract for lots of electricity and then skip town.By Dan GearinoAn Ohio utility has won an important fight over who assumes the financial risk of data centers, and the result may help guide decisions across the country.
AI, Data Centers, and Big Tech Are Devouring Electricity: Jim Cramer Has 4 Favorite Utility Stocks
We have covered Jim Cramer for almost 20 years here at 24/7 Wall St., and like all opinionated Wall Street stock pundit pickers, he has had more than his fair share of home runs and some swings and misses. One thing is sure: His opinions, whether good, bad, or indifferent, do not go unheard, as he has maintained one of the most prominent bully pulpits in the financial industry for years. So, with that in mind, when Cramer bellows from that bully…
Treat AI Like a Public Utility
It seems increasingly likely that artificial intelligence will mean major changes to the economy and daily life. We need a public jobs program for displaced workers, and we should regulate AI as a public utility. AI foundation models share characteristics with electric infrastructure that supports the logic of regulating it like a public utility. (Sameer al-Doumy / AFP via Getty Images) This is the second article in a two-part series on the thr…
Consumers (and a Utility) Get a Win in Ohio, While Data Centers Take the Loss
Regulators have approved a plan to protect against data centers that may contract for lots of electricity and then skip town. By Dan Gearino An Ohio utility has won an important fight over who assumes the financial risk of data centers, and the result may help guide decisions across the country.
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