The current AI data center buildout will consume more power in the next several years than the world used in the previous 50 years, with individual buildings drawing more electricity than midsize cities.

2:11we're talking about chips or boxes and and they don't have the same sort of physical enormity. Right. >> Right. And what we're talking about now are data centers that are in the next several years going to use more power than the previous 50 years on Earth took. Wow. Right. We're talking about individual buildings the size of football fields that have more power coming into them than midsize cities.

2:36And they're being built they're being built across the US. They're being built in Canada. They're being built throughout the Nordics. are being built here in Paris and throughout France, in Europe, in the Middle East in nations that sort [snorts] of weren't front and center in anybody's mind previously. You know, Kazakhstan, Tajjikstan are building out Georgia building out data centers of size. Armenia, everybody's sort of focused. >> Every country

3:03>> um and every state obviously in America feels they need to participate in this >> and the people who are buying the capacity, the open AI, anthropics, SpaceX, SpaceX AI, uh the Googles, they are insatiable right now. >> Yeah. and [clears throat] they're building how many years out when you talk to them? They were ordering chips from Cerebras before you were finished with the chips. They're putting orders in ahead of time.

3:34The irony is unlike many sort of exciting times in technology. They're trying to capture yesterday's demand, right? The demand is way outstripping our ability to build data centers and to fill them with hardware. >> All right? And so, you know, we have a $25 billion backlog, >> $25 billion backlog [snorts] >> and we we are not alone in that that that OpenAI uh Anthropic, you go through

4:02this list of of uh Google wants more data centers, Microsoft wants more data centers, AWS wants more data centers, right? All of these players are not chasing sort of if you build it, they will come. They're chasing the demand is booked, >> right? [laughter] How do we keep them from leaving? Right. And and that that's extremely unusual. >> It's very unusual. And now we have people who are, you know, we have a term