Biden Signs Executive Order to Power AI Data Centers

• President Joe Biden signed an order to lease federal land for AI data centers and clean energy facilities to meet growing power demands.

• The order mandates AI companies using federal land to buy American-made semiconductors, aligning with $30B federal chip production subsidies.

• AI data centers may need up to 5 gigawatts of capacity by 2028, prompting urgent infrastructure development.

• The U.S. aims to maintain AI leadership by restricting chip exports and preventing adversary access to cutting-edge AI systems.

• Biden emphasizes economic, security, and clean energy goals while expediting grid interconnections and permits.