Lates News

MetaPlatforms has submitted an application plan to the federal regulatory agency in the United States to enter the electricity wholesale market and conduct electricity sales business. For large technology companies such as Meta, Microsoft, and Google, obtaining more power supply has become an increasingly urgent challenge. These companies are all racing to develop more advanced artificial intelligence systems and tools, projects that are known for their huge resource consumption. According to institutional forecasts, the electricity demand for data centers used to build and operate artificial intelligence models is expected to quadruple in the next 10 years. Meta submitted this application through its subsidiary Atem Energy LLC. A representative of Meta stated that participating in the energy market is a natural next step for the company.