ELON MUSK: America needs more power and chips to compete with China. A 1% increase in power usage could mean roughly 1% more GDP. “You've gotta scale energy, you've gotta scale chip production. And I think we're winning on software, on anything intellectual or digital. But in the long run, we need to be able to generate enough power to compete with, I think, essentially, China as the biggest competitor. And China has about three times the electricity production of the United States.” “So really, the central challenge, I think, long-term, is gonna be how do you generate enough power and how do you ensure that we have enough logic and memory fabrication capacity in the United States or in a safe region? The average power consumption in the United States is about 500 gigawatts. So every five gigawatts of incremental steady-state production is a 1% increase in the power used.” “Jensen's GPUs keep getting better in terms of the compute per watt. And the algorithms also get better in using and getting more intelligence per watt. I would bet anyone that 1% increase in power usage corresponds to roughly 1% increase in GDP. You've gotta scale energy, you've gotta scale chip production. And I think we're winning on software, on anything intellectual or digital.” “But in the long run, we need to be able to generate enough power to compete with, I think, essentially, China as the biggest competitor. And China has about three times the electricity production of the United States. So really, the central challenge, I think, long-term, is gonna be how do you generate enough power and how do you ensure that we have enough logic and memory fabrication capacity in the United States or in a safe region?” “The average power consumption in the United States is about 500 gigawatts. So every five gigawatts of incremental steady-state production is a 1% increase in the power used.”