The price spike is a reminder of a deeper problem: The U.S. power grid was not designed for the electricity demands of an AI-driven economy, and the gap between what the grid can deliver and what the industry needs is widening.
More than 500 people will be affected by the closures. βWe must refocus on our core business,β Porsche CEO and executive chair Michael Leiters said in a statement. "This is the indispensable foundation for a successful strategic realignment. This forces us to make painful cuts β including our subsidiaries."
PJM Interconnection β which oversees the grid for some of the densest data center developments on Earth β wants to overhaul itself. Not everyone thinks it's up to the task.