Siemens CEO Says Germany Has Big Industrial Data Set for AI Push
'We are sitting on a massive amount of data,' Busch said Monday during a Bloomberg TV interview. 'This is one of the most industrialized economies in the world, and again, small and medium sized enterprises, large ones, they're creating data from their buildings, their manufacturing sites, their engineering.'
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Chicago Tribune
a few seconds ago
- Chicago Tribune
ComEd CEO seeks rules to prevent AI from boosting energy bills
The head of Chicago's biggest energy supplier has called for new rules to curb the impact of the artificial intelligence boom on consumers' electricity bills. Commonwealth Edison Co. has proposed modifications to tariffs that include higher deposits for data centers, according to Chief Executive Officer Gil Quiniones. He also wants data centers to post collateral in case 'loads and revenues do not materialize as planned.' 'What really needs to happen is to make sure that we're not shifting costs due to data centers powered by AI to all the other customers,' Quiniones said in the interview Wednesday. Concerns are growing about the impact on ordinary consumers from the massive build-out of AI-related infrastructure. The boom is spurring the largest increase in US electricity demand in decades, but power suppliers struggling to keep pace. Quiniones spoke at the Global Quantum Forum in Chicago, where utility executives including ComEd's owner, Exelon Corp., and Southern Co. also addressed the issue. Southern's CEO Chris Womack said Americans will revolt if they end up on the hook for soaring power costs associated with AI. Earlier this week, the operator of the largest US grid offered more evidence of how power prices are being bid higher. The outcome of an electricity auction Tuesday meant businesses and households served by PJM Interconnection LLC will spend a record $16.1 billion to ensure power supplies in the year starting June 2026. The region supplied by PJM includes Chicago. Prices would have been even higher if Pennsylvania Governor Josh Shapiro hadn't sued to place a cap on increases, Exelon CEO Calvin Butler said during a panel discussion. 'When you look at the prices that came out yesterday, they're only going to continue to increase,' Butler said. 'Policy is very important, because we have to get this right. And I wish I could tell you today that we have an answer for the short term.' The growth of quantum computing in Illinois alongside the AI and data centers boom needs to be closely watched, Quiniones also said. While quantum computing is less energy-intensive than AI, Chicago's quantum and microelectronics park, a project spearheaded by Illinois Governor JB Pritzker, has already attracted more than $1 billion in investment from companies including PsiQuantum Corp., International Business Machines Corp. and Infleqtion. 'For now, we are a state that exports power,' Quiniones said. 'We need to be very, very closely monitoring this, working with PJM and our regulators in the state to make sure that we make appropriate additions in the future, not only in generation capacity, but investment on the transmission system.'
Bloomberg
a minute ago
- Bloomberg
Must build out infrastructure to achieve AI dominance: Onsemi CEO
Hassane El-Khoury, Onsemi CEO, says the company is still focused on the automotive industry and is making its way into AI. He speaks to Romaine Bostick and Scarlet Fu on "The Close." (Source: Bloomberg)
Yahoo
29 minutes ago
- Yahoo
Wedbush Calls AI Microsoft's Shining Moment
Microsoft (NASDAQ:MSFT) executive aren't losing any sleep over Q4, with Wedbush just stuck with its Outperform call and $600 target ahead of the July 30 report. Warning! GuruFocus has detected 7 Warning Sign with MSFT. Daniel Ives and the team reckon the AI revolution is in full swing, with enterprise deals accelerating across finance, government and retail. They see Azure and Office AI features driving Microsoft toward a $4 trillion market capand even $5 trillion in the next 18 months. Over the next three years, more than 70% of its installed base should be running AI tools, and early Copilot rollouts could tack on about $25 billion by FY 26. Wedbush calls this Redmond's shining moment, pointing out stronger cloud wins against Amazon (AMZN) and Google (NASDAQ:GOOG) and smoother supply chains compared to 90 days ago. They're clear that while FY 25 looks solid, FY 26 is when AI really kicks inand they don't think the Street has fully caught on yet. Investors will be watching the July 30 print for proof. This article first appeared on GuruFocus.
