Daniel Yergin

And, you know, I think technology will change things.

But, you know, I don't think, you know, electricity may be a constraint on the growth of AI in the near and the medium term, but that's a very specific problem.

I mean, there's one projection is that 10% of U.S.

electricity by 2030, which is half a decade away, will be going to data centers.

And it's about 4% today.

What a change it's been in the last year and a half in terms of thinking about data centers, AI, and electricity.

It wasn't on the agenda a year and a half ago.

And I remember I was at a CEO conference with electric power utility CEOs about a year ago, and they were talking about growth, being surprised by it.

Then we have our conference in Houston in March.

And by then, people have woken up to, in fact...

you're talking about going from 4% of U.S.

electricity to 10%.

And U.S.

electricity hasn't grown very much over the last 10 years.

It's grown at 0.35%.

Now you're looking at maybe it's going to grow at 2% or more.

And that adds up very quickly.

And I was very struck.

I did a discussion with Bill Gates at our CERWIC conference in March.

And he said, you know, we used to talk about data centers as 20,000 CPUs.