The AI bubble may pop. Will electricity customers pay?

By Jason Plautz | 10/31/2025 06:40 AM EDT

Utilities are investing in pricey grid upgrades as tech companies shrug off concerns about building too many data centers.

High-voltage transmission lines provide electricity to data centers in Ashburn in Loudon County, Virginia, on Sunday, July 16, 2023.

High-voltage transmission lines provide electricity to data centers in Ashburn, Virginia. Ted Shaffrey/AP

The nation’s largest tech companies aren’t slowing down their data center construction boom, despite uncertainty about when artificial superintelligence might emerge.

But if they’re wrong in downplaying the risk of an AI bubble bursting, those paying the price could be the Americans footing the electricity bills to make the grid upgrades that power-hungry data centers need.

No such worries appeared Wednesday on the mind of Meta CEO Mark Zuckerberg, who said on an earnings call that he thinks the right strategy is to “aggressively front-load building capacity” — though he acknowledged that it’s “of course possible to overshoot.”

Advertisement

Worst case, he said, is “we effectively have just prebuilt for a couple of years … but we’d grow into that and use it over time.”

GET FULL ACCESS