20 Jan 2026 | 5 Mins Read
Energy costs key to winning AI race, Nadella warns
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Microsoft CEO Satya Nadella said economic growth will increasingly depend on energy costs powering AI infrastructure. He noted GDP growth is closely linked to the cost of energy needed to run AI, calling compute a new commodity driven by “tokens.” Microsoft plans to spend $80 billion on AI data centres, with half outside the US, underscoring the need for low-cost energy.