Overview
- The four largest cloud providers say they will invest more than $650 billion this year to expand AI data-center capacity.
- RAND estimates put AI data-center electricity needs at about 68 gigawatts next year and 327 gigawatts by 2030.
- NextEra Energy disclosed a Google Cloud pact to build and power multiple AI sites and plans to deliver roughly 15 gigawatts to data centers by 2035, including 6 gigawatts from gas.
- CEO John Ketchum said NextEra could double that target to at least 30 gigawatts dedicated to data centers.
- Supply chains remain concentrated: Nvidia leads in AI GPUs and CUDA, Broadcom develops custom AI ASICs including Google’s TPUs, TSMC dominates advanced logic manufacturing, and tight HBM supply is boosting Micron through long-term commitments.