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Schmidt's AI Power Play: 7 Million Homes Energized
2 Jan
Summary
- Eric Schmidt targets AI's energy demand with a new startup.
- West Texas land, natural gas, and water are key resources.
- The goal is to power 7 million homes with 10 gigawatts.
Former Google CEO Eric Schmidt has launched Bolt Data & Energy, a new venture focused on meeting the significant power demands of artificial intelligence. The startup is strategically partnering with Texas Pacific Land (TPL), an entity possessing over 882,000 acres in West Texas. This collaboration leverages TPL's extensive landholdings, access to natural gas and renewable energy, and existing water services to provide a comprehensive infrastructure solution for hyperscale data centers. Schmidt's vision is to overcome energy constraints hindering AI development, aiming for an eventual capacity of 10 gigawatts, sufficient to power roughly 7 million homes. Bolt plans an integrated approach, starting with natural gas and progressively incorporating renewable sources like wind and solar, with future considerations for nuclear power, to ensure scalability and resilience in the global AI race.
