Bitcoin, AI and the Texas grid: Lawmakers consider action

AUSTIN (Nexstar) -- The Senate Committee on Business and Commerce convened Wednesday morning to evaluate the state of the electric grid, examine the impact of last year's investments into generating power, and hear striking statistics on the energy demands of the Bitcoin and artificial intelligence sectors.ERCOT CEO Pablo Vegas told lawmakers that one graphics processing unit, a core technology for Artificial Intelligence (AI), uses as much power as an average home uses in an entire year. He com