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Stock impact report

Google agrees to curb power use for AI data centres to ease strain on U.S. grid when demand surges [BNN Bloomberg (Canada)]

American Electric Power Company, Inc. (AEP) 
Last american electric power company, inc. earnings: 2/20 06:57 am Check Earnings Report
US:NYSE Investor Relations: aep.com/investors
Company Research Source: BNN Bloomberg
Utilities in the country have been inundated with requests for electricity for Big Tech's AI data centres, with demand eclipsing total available power supplies in some areas. That power crunch has led to concerns about spiking bills for everyday homes and business and blackouts. It has also complicated the technology industry's expansion of AI, which requires massive amounts of electricity - fast. Google's agreements with Indiana Michigan Power and Tennessee Power Authority would involve scaling back power use at the technology giant's data centres when called upon by the electric utilities to free up space on the grid. They are the first formal agreements by Google in demand-response programs with utilities to temporarily curtail its machine learning workloads, a subset of artificial intelligence. “It allows large electricity loads like data centres to be interconnected more quickly, helps reduce the need to build new transmission and power plants, and helps grid operators Show less Read more
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