AI boom: Demand for data centers drives innovation by energy, tech industries to produce new power sources

The AI boom is increasing demand for data centers, driving energy and tech industries to innovate new power sources. Exelon plans to invest $1.1 trillion in infrastructure over five years, while Commonwealth Fusion Systems aims to develop fusion energy capable of powering 280,000 homes. Data centers are projected to become the world’s fifth-largest energy consumer in 2024.