Meta Pushes Into Power Trading as AI Sends Demand Soaring

Meta is moving to break into the wholesale power-trading business to better manage the massive electricity needs of its data centers. Bloomberg: The company, which owns Facebook, filed an application with US regulators this week seeking authorization to do so. A Meta representative said it was a natural next step to participate in energy markets as it looks to power operations with clean energy.

Buying electricity has become an increasingly urgent challenge for technology companies including Meta, Microsoft and Alphabet's Google. They're all racing to develop more advanced artificial intelligence systems and tools that are notoriously resource-intensive. Amazon, Google and Microsoft are already active power traders, according to filings with US regulators.

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