Sen.
Elizabeth Warren (D-Mass) warned that the rapid expansion of artificial intelligence infrastructure is increasing electricity demand while private equity firms move to capitalize on the energy shift by acquiring utility companies.
AI Energy Demand And Private Equity On Tuesday, in a post on X, Warren said, "AI data centers are doubling electricity demand," arguing that the rapid expansion of AI infrastructure is increasing pressure on the U.S. power grid.
She added, "Private equity executives see a cash grab." Warren claimed those firms are acquiring utility companies to benefit from rising energy demand.
"They're buying up utility companies to cash in on the energy surge and pass costs to consumers while making services worse," she wrote.
