The Department of Energy reports that data centers consume up to 50x as much energy per floor space as conventional commercial office buildings. (5)In January, the International Energy Agency (IEA) released its forecast for global energy consumption for the next two years. Notably, the report included projections for electricity usage linked to data centers, cryptocurrency, and artificial intelligence for the first time. Rather than transmitting data over long distances, localized data processing minimizes latency, energy consumption, and bandwidth utilization. Their lower power consumption and higher performance make them a popular choice for AI and ML algorithms in data centers.

Source: Forbes May 06, 2024 12:39 UTC