How AI's spiraling power demands could slow consumer spending
Update: 2025-10-29
Description
As the race to build AI data centers across the US intensifies, Bank of America warns of a looming energy crisis. With power demand surging and energy costs skyrocketing, average Americans, particularly those on lower incomes, are feeling the pinch. As AI's energy needs continue to grow, the potential impact on the broader economy and local communities is a growing concern.
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