David Sachs

So just on electricity, I actually think that if we allow the data centers to stand up their own power generation, it will actually bring down rates.

Not only will it not increase residential rates, it'll bring it down.

And it'll do that in two ways.

One is that the data centers can give or sell power back to the meter when they have excess.

So that will help bring down rates.

Second, there's a lot of fixed costs

involved in power generation.

It's not all variable.

So when you're able to amortize those fixed costs over a greater supply, you bring down the meter rate for everybody.

And so there's huge economies of scale.

So the more scale you get in electricity, like most other things, the price comes down.

So it's actually a good thing that

the that we have this build out going on because it will ultimately reduce prices for consumers.

But we do have to make sure that these new data centers aren't just plugging into the grid and using they have to be contributing back.

Well, it's interesting.

I think there's been an evolution.

So I think we started with AI chatbots like ChatGPT.

And in a sense, that was kind of like better web search.

It was really great for research.

You could ask it questions and give you answers to anything.