Elon Musk on AI chips piling up with no power to turn them on:
"The output of chips is growing pretty much exponentially, but the output of electricity is flat. So how are you going to turn the chips on?"
Elon said this on Dwarkesh Patel's podcast in February 2026. Outside China, he said, electrical output is "more or less flat."
His call for the end of this year: "The chip output will exceed the ability to turn chips on."
That year is now. Today Elon added that the crunch also hits "electrical equipment, cooling, networking and batteries."
Video: @dwarkesh_sp