AI may feel weightless, but Olivier Darmouni argues that its real-world costs are anything but virtual. In this episode of Breakthroughs, the HEC Paris professor explains when and where the boom in data centers could raise electricity prices in the future; and how these centers could reshape investment in power infrastructure and force Europe to think much harder about energy security. Olivier also reflects on his recent hearing at France’s National Assembly, the difference between productive finance and financial extraction, and why overcoming the financial barriers to sustainability means finding credible ways to crowd in private capital.
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