OpenAI is hiring a power-trading lead to manage commodity hedging across its expanding data center power portfolio, as tech companies seek reliable electricity (Julian Hast/Bloomberg)

Julian Hast / Bloomberg: OpenAI is hiring a power-trading lead to manage commodity hedging across its expanding data center power portfolio, as tech companies seek reliable electricity — OpenAI is hiring a power-trading lead to help manage the expanding energy needs of the electricity-intensive data centers running its artificial intelligence models.

A 16B financing for a giant Oracle data center in Michigan has closed, with BofA selling 14B in bonds; Oracle plans to use the campus to power apps for OpenAI (Bloomberg)
How the data center boom is exposing weaknesses in US power grids, and a look at what fixes the electricity infrastructure may need to become fit for the future (Chris Gillett/Works in Progress Magazine)
Sources detail AI companies' engagement with US FERC as the energy regulator readies a June proposal to speed up data center connections to regional power grids (Politico)
The AI data center boom has led to surging demand for power transformers, with average lead times for orders, once measured in months, now stretching into years (Financial Times)

Source: Techmeme | 2026-08-11

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