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Wintrust Business Minute: A.I. could boost power demand in Chicago area by 900%
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
A new report says artificial intelligence could result in a 900% increase in power demand by Chicago area data centers. 25 data center projects, currently undergoing engineering studies, would consume 5 gigawatts of power. That would equal the output of five nuclear plants. All 25 centers are within ComEd’s territory and the utility expects 80% of them to be completed. Bloomberg reports the data centers would initially use excess capacity on the regional grid. As for the future, ComEd says it will ensure its system can handle the additional power load.
Also, Goodman Theatre front-of-house employees have unionized. Listen for more below:
https://serve.castfire.com/audio/4658569/4658569_2024-04-19-194509.64kmono.mp3
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By wgnradio.com
4.5
88 ratings
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
A new report says artificial intelligence could result in a 900% increase in power demand by Chicago area data centers. 25 data center projects, currently undergoing engineering studies, would consume 5 gigawatts of power. That would equal the output of five nuclear plants. All 25 centers are within ComEd’s territory and the utility expects 80% of them to be completed. Bloomberg reports the data centers would initially use excess capacity on the regional grid. As for the future, ComEd says it will ensure its system can handle the additional power load.
Also, Goodman Theatre front-of-house employees have unionized. Listen for more below:
https://serve.castfire.com/audio/4658569/4658569_2024-04-19-194509.64kmono.mp3
Recent Posts
Wintrust Business Lunch
Craig Bolanos: Fed should not wait to cut rates
.cls-7{fill:#fff;fill-rule:evenodd}
Inflation down, economy slowing, AI taking jobs
.cls-7{fill:#fff;fill-rule:evenodd}
Illinois is financially better than expected
.cls-4{fill:#000;}
Unemployment and the EV Market
.cls-7{fill:#fff;fill-rule:evenodd}
Terry Savage: Keep buying the S&P 500
.cls-7{fill:#fff;fill-rule:evenodd}
Click for more
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