Microsoft to Bear Power Costs of AI Data Center Expansion, No Subsidies

Cointime update: Microsoft will cover the electricity costs of its data center expansion itself, without government subsidies or passing costs to other power consumers, said Noël Walsh, head of cloud operations and innovation, on Nov. 12. The company plans to invest $117 billion this year in AI and cloud computing capacity. It is working with Chevron and Engine No. 1 on Project Kilby in West Texas, targeted to start construction in 2028 and be fully operational in 2031.