I am not worried about the alleged #aibubble

That occurs when there is over-investment. Right now the demand outstrips the supply.

#AI is not going away.

There will however be a problem when #bigtech moves over to #NPU instead of #GPU usage.

That will wipe out smaller providers as the cost per token will fall dramatically and that will shift power upwards.

Power companies also want to meet profit projections, so to make up for the shortfall in usage by increasing private #electricity cost.