News

Business

Data center boom powering AI revolution may drain US grids — and wallets

On HALO

3 weeks ago

The rapid expansion of artificial intelligence (AI) data centers is raising alarms over how much power and water they consume — and what that could mean for Americans’ utility bills — as Washington lawmakers clash over whether the boom helps or harms the economy.FOX Business' Ashley Webster joined Stuart Varney on "Varney & Co." to report that more than 4,000 data centers currently operate across the U.S., and industry forecasts suggest that number could triple within four years as demand for cloud computing and AI services increases. These facilities run 24 hours a day, housing thousands...