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Musk and Zuckerberg tell G20 tech ministers meeting in North Carolina that AI needs new power sources outside China, warn of shortfall next year

Musk $TSLA and Zuckerberg $META told a G20 tech ministers meeting in North Carolina that AI needs new power sources outside China, warning of a 'significant power shortfall next year, not the distant future.' Musk also criticized European tech regulation.

Elon Musk and Mark Zuckerberg addressed a G20 innovation ministerial meeting hosted virtually by the White House Office of Science and Technology Policy in Chapel Hill, North Carolina, both arguing for faster buildout of AI data centers and electric power. Musk, of Tesla $TSLA and SpaceX, warned of a 'significant power shortfall next year, not the distant future' and said American companies need new energy sources that do not depend on China. He also criticized European governments for what he called overregulation of technology, and raised the idea of harvesting solar power from orbit as a longer-term option. Zuckerberg, of Meta $META, joined the push for more capacity. The event took place against a backdrop of growing domestic opposition to new AI data center construction in the US, now a live issue heading into the midterm elections, meaning the industry is making its power case on a global stage rather than only to US regulators. Per techxplore, ABC11.

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