Why two-thirds of AI data center power demand may never actually materialize

Canaccord Genuity managing director George Gianarikas said that two-thirds of projected AI data center power demand may never materialize, citing inefficiencies and overestimation in current forecasts. The statement challenges the widely cited electricity consumption projections for AI infrastructure.

Why two-thirds of AI data center power demand may never actually materialize Yahoo Finance Video and Julie Hyman Thu, August 13, 2026 at 6:49 p.m. GMT+2 Canaccord Genuity managing director George Gianarikas shares his thoughts on the future of AI data center electricity demand. Terms and Privacy Policy EU DSA Contact Privacy & Cookie Settings