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The big culprit is the company's huge AI investments. It takes huge amounts of energy to train and use AI models. The International Energy Agency expects energy consumption for data centers worldwide to increase from 460 TWh in 2022 to between 620 and 1,050 TWh by 2026, due to AI and cryptocurrency use. For context, Sweden's total energy consumption in 2022 was approximately 508 TWh.
Microsoft CEO Brad Smith confirmed in an
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