What is Eric Schmidt's new AI venture?

Eric Schmidt's new venture is Bolt Data & Energy, aimed at building data centers to meet AI's significant power needs.

Why is West Texas important for AI data centers?

West Texas offers vast land, access to natural gas and renewable energy, and water resources crucial for large-scale data center operations.

How much power will Schmidt's AI project generate?

The project aims to generate up to 10 gigawatts of power, enough to electrify approximately 7 million homes.

Home / Technology / Schmidt's AI Power Play: 7 Million Homes Energized

Schmidt's AI Power Play: 7 Million Homes Energized

2 Jan

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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.

Schmidt's AI Power Play: 7 Million Homes Energized

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.

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