AIBullishFortune Crypto · 5h ago7/10
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U.S. utilities are planning a $1.4 trillion spending spree, up 30%, over the next five years amid the AI construction boom
U.S. utilities are planning to increase capital spending by 30% to $1.4 trillion over the next five years, largely driven by infrastructure demands from AI data centers and related construction projects. This massive investment wave is occurring simultaneously with rising consumer rate hikes, though these spending increases and rate increases operate through separate mechanisms.
