AIBusinessEnergy

AI Expansion Driving Up Household Utility Costs, Bank of America Analysis Warns

Household utility payments have increased 3.6% year-over-year as AI development strains power grids. Analysts suggest the trend will continue as electricity demand outpaces supply capacity improvements.

AI Boom Fuels Rising Utility Bills

Consumers are facing increasing utility costs partially driven by the artificial intelligence sector’s massive electricity demands, according to a recent analysis from Bank of America Institute. The report indicates average utility payments rose 3.6% year-over-year in the third quarter of 2025, with further increases expected as power infrastructure struggles to keep pace with growing demand.

BusinessInnovationTechnology

Silicon Valley-Backed New City Project Revives With Revised California Expansion Plan

The controversial California Forever project, backed by prominent tech billionaires, has submitted formal plans to expand Suisun City by 22,000 acres. The proposed development aims to create what supporters call “the next great American city” just north of Silicon Valley, featuring extensive residential areas and advanced manufacturing facilities.

Project Revival After Previous Setbacks

The ambitious California Forever initiative, backed by several prominent Silicon Valley billionaires, is reportedly making a comeback with a revised approach after facing significant local opposition last year. According to reports, the project had previously withdrawn a ballot initiative following community backlash, but now appears to be pursuing a different strategy by expanding existing cities rather than creating an entirely new municipality from scratch.