U.S. spending on power-plant equipment is projected to triple by 2030, reaching $65 billion, with data centers driving up to 40% of the total investment surge.
According to a Wood Mackenzie report released Tuesday, the explosive growth of artificial intelligence infrastructure is reshaping the American power equipment sector. Data centers required to support AI operations will account for the largest share of this expansion, fundamentally altering investment patterns across the industry.
The $65 billion market projection reflects the intensive energy demands of modern AI systems and the infrastructure buildout needed to support them. Utilities and power equipment manufacturers are positioning themselves to meet this anticipated surge in capacity requirements.
The timeline through 2030 represents a critical window for infrastructure development as companies race to secure reliable power supplies for data centers. This shift underscores how AI adoption is reshaping not just software development, but also the underlying physical infrastructure that enables these technologies.
The forecast suggests sustained investment momentum in power generation and distribution equipment as the AI sector continues expanding its computational footprint.
Z.ai has confirmed that Ox Alpha, a previously undisclosed language model, is part of its GLM-series lineup. The company plans to release the model's weights publicly.
Artificial intelligence is enabling Asian businesses to expand internationally at record speeds, according to Stripe's managing director for Southeast Asia, Greater China and South Korea.
Anthropic has released the Model Hardware Standard, a framework enabling AI agents to control physical systems like microscopes, robot arms, and quantum computing hardware. The initiative aims to standardize how AI interacts with devices while addressing emerging safety risks.
Google has launched 'Expert Intelligence,' a new feature in Gemini Notebook that pulls content from Google Play Books, allowing users to ask questions and generate AI-assisted materials based on book contents.