Authored by Richard Porter via RealClearPolitics.com,

We are now well past dawn in the age of artificial intelligence: According to a recent survey by Pew Research Center 62% of respondents say they interact with AI a least several times a week. Nearly every company in the U.S. is now urgently evaluating the ways in which AI can be deployed to lower costs, improve products and services, and ultimately to increase profits. Some, such as Elon Musk, are predicting AI and robots will generate such abundance that in 10 to 20 years, work will become optional and money irrelevant.

Hundreds of billions of dollars are being poured into building new data centers to house the computers to meet expected demand as AI becomes ubiquitous, not just in the U.S., but around the world. Some see a 25% growth in U.S. electricity demand over the next five years as these data centers come online, and predict consumer electricity prices will go at least 40% higher, too.

Our economy, our money, our livelihoods, our lives are increasingly virtual and online; our dependence on electricity and access to data processing cannot be overstated. Just over 140 years since the commercialization of electricity, just 75 years after the first commercial computer was introduced, and just over 30 years since the Internet was opened to the public, human civilization in the U.S. and much of the world depends on the continuous flow of electrons through circuits.