In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.'s total power supply by 2030, up from 3% in 2022, leading to a need for $50 billion investment in power generation capacity to support AI-running data centers.
Power-hungry data centers contribute to rising utility costs and impact low-income individuals; Phaidra aims to retrofit existing facilities for energy efficiency, utilizing AI-powered control systems for more power-efficient cooling.
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