AI Policy & Regulation
6d ago
Guggenheim Executive Warns US AI Development May Suffer Due to Power Grid Issues
May 5, 2026
AI Summary
Alan Schwartz, Executive Chair of Guggenheim Capital, has expressed concerns that the United States may lag in artificial intelligence advancements due to the necessity of upgrading its electricity grid.
- Alan Schwartz is the Executive Chair of Guggenheim Capital.
- He stated that the US needs to upgrade its electricity grid to support AI development.
- Schwartz's comments were made during the Milken Institute Global Conference in Beverly Hills, California.
us power gridai developmentinfrastructureenergy policyguggenheim