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Electricity Prices are Going Up, and AI Is to Blame

Electricity Prices are Going Up, and AI Is to Blame

Your electricity bill has likely gone up over the course of the past year. That’s because you’re effectively paying an AI tax. According to a report from Axios, the cost of electricity is climbing across the country, driven primarily by the increasing energy demands of massive data centers being built to train and run AI models.

Data from the U.S. Energy Information Administration showed the cost of 1 kilowatt-hour of electricity rose from 16.41 cents to 17.47 cents over the course of the past year, a 6.5% increase. But on a state-by-state level, residents are seeing their electrical bills skyrocket. Maine saw electricity prices jump 36.3%, Connecticut’s climbed by 18.4%, and Utah saw a 15.2% bump.

That is at least in part because of the data centers that are being stood up as quickly as possible by tech companies who are all in on AI. A recent report from the think tank RAND Corporation estimated that global power demand from AI data centers could hit 327 gigawatts (GW) by 2030—about 30% of the United States’ current grid capacity of 1,280 GW.

The demands of existing and proposed data center projects is already stressing the grid and its operators. In the mid-Atlantic region, which has become known as “Data Center Alley” because of the sheer number of facilities that operate there, prices are projected to rise after a recent capacity auction designed to ensure there is enough power generation available to meet demands saw prices skyrocket. An estimated 60% of that price increase was attributed to data centers by one report, which found that $9.3 billion will ultimately be passed along to customers—mostly residents.

It’s not just the cost of the energy itself that is causing the price surge. It’s the cost of building out the grid so quickly, too. According to Axios, the cost of those buildouts is being passed on to consumers, and there is currently a lot of demand for grid operators to build faster. Per the Lawrence Berkeley National Laboratory, grid connection requests at the end of 2023 were already more than double the US grid’s existing energy capacity.

It seems at least a little strange that the wealthiest companies on the planet and startups valued at multiple billions of dollars expect residents to foot the bill for their ambitions. Google, at least recently, signed an agreement to curb its energy usage from data centers during peak hours, but it also plans to pour $25 billion into data center projects. Firms like Meta are also powering ahead with massive data centers for their own AI initiatives. Meanwhile, it seems like we’re all stuck subsidizing their power bills as they hold a gun to the head of the broader economy.

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#Electricity #Prices #Blame

For some social media users, Facebook may feel like an app left behind in an online era of the past. However, for others, Facebook has reinvented itself as the modern-day Craigslist with Facebook Marketplace.

Meta seems to have taken notice and is now releasing a standalone app for the Facebook Marketplace power users who keep the platform going: It’s sellers.

The new app, aptly named Seller, launched on Friday and provides Facebook Marketplace sellers with tools to list their wares and manage their current listings. 

Like Facebook Marketplace itself, the Seller app is free for users. Meta monetizes Facebook Marketplace with ads and does not take any percentage of its users’ sales. Users will be able to download the app and login with their Facebook account starting today.

Meta launches Seller, a standalone app for Facebook Marketplace sellers
                                                            For some social media users, Facebook may feel like an app left behind in an online era of the past. However, for others, Facebook has reinvented itself as the modern-day Craigslist with Facebook Marketplace.Meta seems to have taken notice and is now releasing a standalone app for the Facebook Marketplace power users who keep the platform going: It’s sellers.The new app, aptly named Seller, launched on Friday and provides Facebook Marketplace sellers with tools to list their wares and manage their current listings. 
Like Facebook Marketplace itself, the Seller app is free for users. Meta monetizes Facebook Marketplace with ads and does not take any percentage of its users’ sales. Users will be able to download the app and login with their Facebook account starting today.
        
            Mashable Light Speed
        
        
    

    
                    


            
            
            
            Credit: Facebook
        
    
Seller provides a tool to post new listings, a dashboard to manage their existing ones, an in-app inbox to reply to prospective buyers, and analytics for all of their old listings. Seller also introduces a few new tools for sellers as well. According to Facebook, Seller users will be able to scan their products with their smartphone, and AI will fill-out the listing details automatically.In an interview with the New York Times, Facebook head Tom Allison said that the app would be the Marketplace seller equivalent of a video editing tool for content creators. Allison also explained how Meta is experimenting with more standalone products for Facebook’s power users, which include Marketplace Sellers and Facebook Groups administrators.
As social media users move to competing platforms like TikTok and Meta’s own Instagram, Facebook has found new life within specific, once-niche features on the platform. In May, Facebook launched a standalone app called Forum for its Facebook Groups power users. Now, the company is doing the same for Facebook Marketplace sellers.Meta says that one-third of young adults who use Facebook also use Marketplace. And, every month, more than 420 million items are listed on the Marketplace platform. 

                    
                                            
                            
                        
                                    #Meta #launches #Seller #standalone #app #Facebook #Marketplace #sellers

Credit: Facebook

Seller provides a tool to post new listings, a dashboard to manage their existing ones, an in-app inbox to reply to prospective buyers, and analytics for all of their old listings. 

Seller also introduces a few new tools for sellers as well. According to Facebook, Seller users will be able to scan their products with their smartphone, and AI will fill-out the listing details automatically.

In an interview with the New York Times, Facebook head Tom Allison said that the app would be the Marketplace seller equivalent of a video editing tool for content creators. Allison also explained how Meta is experimenting with more standalone products for Facebook’s power users, which include Marketplace Sellers and Facebook Groups administrators.

As social media users move to competing platforms like TikTok and Meta’s own Instagram, Facebook has found new life within specific, once-niche features on the platform. In May, Facebook launched a standalone app called Forum for its Facebook Groups power users. Now, the company is doing the same for Facebook Marketplace sellers.

Meta says that one-third of young adults who use Facebook also use Marketplace. And, every month, more than 420 million items are listed on the Marketplace platform. 

#Meta #launches #Seller #standalone #app #Facebook #Marketplace #sellers">Meta launches Seller, a standalone app for Facebook Marketplace sellers
                                                            For some social media users, Facebook may feel like an app left behind in an online era of the past. However, for others, Facebook has reinvented itself as the modern-day Craigslist with Facebook Marketplace.Meta seems to have taken notice and is now releasing a standalone app for the Facebook Marketplace power users who keep the platform going: It’s sellers.The new app, aptly named Seller, launched on Friday and provides Facebook Marketplace sellers with tools to list their wares and manage their current listings. 
Like Facebook Marketplace itself, the Seller app is free for users. Meta monetizes Facebook Marketplace with ads and does not take any percentage of its users’ sales. Users will be able to download the app and login with their Facebook account starting today.
        
            Mashable Light Speed
        
        
    

    
                    


            
            
            
            Credit: Facebook
        
    
Seller provides a tool to post new listings, a dashboard to manage their existing ones, an in-app inbox to reply to prospective buyers, and analytics for all of their old listings. Seller also introduces a few new tools for sellers as well. According to Facebook, Seller users will be able to scan their products with their smartphone, and AI will fill-out the listing details automatically.In an interview with the New York Times, Facebook head Tom Allison said that the app would be the Marketplace seller equivalent of a video editing tool for content creators. Allison also explained how Meta is experimenting with more standalone products for Facebook’s power users, which include Marketplace Sellers and Facebook Groups administrators.
As social media users move to competing platforms like TikTok and Meta’s own Instagram, Facebook has found new life within specific, once-niche features on the platform. In May, Facebook launched a standalone app called Forum for its Facebook Groups power users. Now, the company is doing the same for Facebook Marketplace sellers.Meta says that one-third of young adults who use Facebook also use Marketplace. And, every month, more than 420 million items are listed on the Marketplace platform. 

                    
                                            
                            
                        
                                    #Meta #launches #Seller #standalone #app #Facebook #Marketplace #sellers

releasing a standalone app for the Facebook Marketplace power users who keep the platform going: It’s sellers.

The new app, aptly named Seller, launched on Friday and provides Facebook Marketplace sellers with tools to list their wares and manage their current listings. 

Like Facebook Marketplace itself, the Seller app is free for users. Meta monetizes Facebook Marketplace with ads and does not take any percentage of its users’ sales. Users will be able to download the app and login with their Facebook account starting today.

Meta launches Seller, a standalone app for Facebook Marketplace sellers
                                                            For some social media users, Facebook may feel like an app left behind in an online era of the past. However, for others, Facebook has reinvented itself as the modern-day Craigslist with Facebook Marketplace.Meta seems to have taken notice and is now releasing a standalone app for the Facebook Marketplace power users who keep the platform going: It’s sellers.The new app, aptly named Seller, launched on Friday and provides Facebook Marketplace sellers with tools to list their wares and manage their current listings. 
Like Facebook Marketplace itself, the Seller app is free for users. Meta monetizes Facebook Marketplace with ads and does not take any percentage of its users’ sales. Users will be able to download the app and login with their Facebook account starting today.
        
            Mashable Light Speed
        
        
    

    
                    


            
            
            
            Credit: Facebook
        
    
Seller provides a tool to post new listings, a dashboard to manage their existing ones, an in-app inbox to reply to prospective buyers, and analytics for all of their old listings. Seller also introduces a few new tools for sellers as well. According to Facebook, Seller users will be able to scan their products with their smartphone, and AI will fill-out the listing details automatically.In an interview with the New York Times, Facebook head Tom Allison said that the app would be the Marketplace seller equivalent of a video editing tool for content creators. Allison also explained how Meta is experimenting with more standalone products for Facebook’s power users, which include Marketplace Sellers and Facebook Groups administrators.
As social media users move to competing platforms like TikTok and Meta’s own Instagram, Facebook has found new life within specific, once-niche features on the platform. In May, Facebook launched a standalone app called Forum for its Facebook Groups power users. Now, the company is doing the same for Facebook Marketplace sellers.Meta says that one-third of young adults who use Facebook also use Marketplace. And, every month, more than 420 million items are listed on the Marketplace platform. 

                    
                                            
                            
                        
                                    #Meta #launches #Seller #standalone #app #Facebook #Marketplace #sellers

Credit: Facebook

Seller provides a tool to post new listings, a dashboard to manage their existing ones, an in-app inbox to reply to prospective buyers, and analytics for all of their old listings. 

Seller also introduces a few new tools for sellers as well. According to Facebook, Seller users will be able to scan their products with their smartphone, and AI will fill-out the listing details automatically.

In an interview with the New York Times, Facebook head Tom Allison said that the app would be the Marketplace seller equivalent of a video editing tool for content creators. Allison also explained how Meta is experimenting with more standalone products for Facebook’s power users, which include Marketplace Sellers and Facebook Groups administrators.

As social media users move to competing platforms like TikTok and Meta’s own Instagram, Facebook has found new life within specific, once-niche features on the platform. In May, Facebook launched a standalone app called Forum for its Facebook Groups power users. Now, the company is doing the same for Facebook Marketplace sellers.

Meta says that one-third of young adults who use Facebook also use Marketplace. And, every month, more than 420 million items are listed on the Marketplace platform. 

#Meta #launches #Seller #standalone #app #Facebook #Marketplace #sellers">Meta launches Seller, a standalone app for Facebook Marketplace sellers

For some social media users, Facebook may feel like an app left behind in an online era of the past. However, for others, Facebook has reinvented itself as the modern-day Craigslist with Facebook Marketplace.

Meta seems to have taken notice and is now releasing a standalone app for the Facebook Marketplace power users who keep the platform going: It’s sellers.

The new app, aptly named Seller, launched on Friday and provides Facebook Marketplace sellers with tools to list their wares and manage their current listings. 

Like Facebook Marketplace itself, the Seller app is free for users. Meta monetizes Facebook Marketplace with ads and does not take any percentage of its users’ sales. Users will be able to download the app and login with their Facebook account starting today.

Meta launches Seller, a standalone app for Facebook Marketplace sellers
                                                            For some social media users, Facebook may feel like an app left behind in an online era of the past. However, for others, Facebook has reinvented itself as the modern-day Craigslist with Facebook Marketplace.Meta seems to have taken notice and is now releasing a standalone app for the Facebook Marketplace power users who keep the platform going: It’s sellers.The new app, aptly named Seller, launched on Friday and provides Facebook Marketplace sellers with tools to list their wares and manage their current listings. 
Like Facebook Marketplace itself, the Seller app is free for users. Meta monetizes Facebook Marketplace with ads and does not take any percentage of its users’ sales. Users will be able to download the app and login with their Facebook account starting today.
        
            Mashable Light Speed
        
        
    

    
                    


            
            
            
            Credit: Facebook
        
    
Seller provides a tool to post new listings, a dashboard to manage their existing ones, an in-app inbox to reply to prospective buyers, and analytics for all of their old listings. Seller also introduces a few new tools for sellers as well. According to Facebook, Seller users will be able to scan their products with their smartphone, and AI will fill-out the listing details automatically.In an interview with the New York Times, Facebook head Tom Allison said that the app would be the Marketplace seller equivalent of a video editing tool for content creators. Allison also explained how Meta is experimenting with more standalone products for Facebook’s power users, which include Marketplace Sellers and Facebook Groups administrators.
As social media users move to competing platforms like TikTok and Meta’s own Instagram, Facebook has found new life within specific, once-niche features on the platform. In May, Facebook launched a standalone app called Forum for its Facebook Groups power users. Now, the company is doing the same for Facebook Marketplace sellers.Meta says that one-third of young adults who use Facebook also use Marketplace. And, every month, more than 420 million items are listed on the Marketplace platform. 

                    
                                            
                            
                        
                                    #Meta #launches #Seller #standalone #app #Facebook #Marketplace #sellers

Credit: Facebook

Seller provides a tool to post new listings, a dashboard to manage their existing ones, an in-app inbox to reply to prospective buyers, and analytics for all of their old listings. 

Seller also introduces a few new tools for sellers as well. According to Facebook, Seller users will be able to scan their products with their smartphone, and AI will fill-out the listing details automatically.

In an interview with the New York Times, Facebook head Tom Allison said that the app would be the Marketplace seller equivalent of a video editing tool for content creators. Allison also explained how Meta is experimenting with more standalone products for Facebook’s power users, which include Marketplace Sellers and Facebook Groups administrators.

As social media users move to competing platforms like TikTok and Meta’s own Instagram, Facebook has found new life within specific, once-niche features on the platform. In May, Facebook launched a standalone app called Forum for its Facebook Groups power users. Now, the company is doing the same for Facebook Marketplace sellers.

Meta says that one-third of young adults who use Facebook also use Marketplace. And, every month, more than 420 million items are listed on the Marketplace platform. 

#Meta #launches #Seller #standalone #app #Facebook #Marketplace #sellers

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