AI Work by Microsoft, Google and Elon Musk’s company Continues To Push America’s Electric Grid

By Douglas McIntyre  •  April 28, 2025

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports from New York City on how Elon Musk’s AI company, XAI, is preparing to raise $20 billion, pushing its valuation to $140 billion. McIntyre explains that as XAI joins Microsoft, Google, Amazon, and OpenAI among the top AI players, the demand for electricity in the U.S. will skyrocket. With an already strained grid, the surge in AI-related energy consumption could force either a rapid acceleration of renewable energy projects or a dangerous return to fossil fuels like coal.

  1. Finding a fiduciary financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 financial advisors that serve your area in 5 minutes.
  2. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Get on the path toward achieving your financial goals!