CAIS Summit Panel Warns of Seven-Year Power Delays for AI Data Centers
· Business · Bloomberg, Times of India
At the CAIS Summit in Beverly Hills, Blackstone's Mike Forman warned that infrastructure supply constraints are worsening, with utilities now quoting waits of up to seven years to connect AI data center projects, requiring investments as high as $1 billion and offering less certainty than before. Jessica Bailey, Brandon Freiman and Mike Forman discussed obstacles to expanding AI data centers, including rising energy costs and weakening public support for construction at a forum in Beverly Hills. The panel noted that utilities which once could connect projects within six to twelve months have seen connection timelines dramatically extend. Rising energy costs and weakening public support were highlighted as key obstacles to AI data center construction.
Why it matters
Data center operators and tech investors face escalating costs and extended timelines, potentially slowing AI development and increasing operational expenses across the sector.
Read the original report — Bloomberg
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