Utility bills are getting cheaper, but AI could spoil the party

REUTERS/Ivan Alvarado

• Utility bills have been shrinking after years of increases, Bank of America says.
• But the firm says electricity costs have jumped with power demand quickly rising.
• AI could drive power demand higher for years or decades, BofA said.

Shrinking utility bills have given consumers some room to breathe, but the relief could be cut short by the massive power demands of artificial intelligence, Bank of America reported Tuesday.

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