U.S. AI DEVELOPERS FACE HIGHER ELECTRICITY COSTS THAN CHINESE PEERS At the Edmond de Rothschild AM 2026 investment outlook conference, CIO Benjamin Melman noted that U.S. AI firms face a competitive disadvantage due to higher electricity prices. He stated that domestic power supply is insufficient to meet rapidly growing AI demand, while electricity remains significantly cheaper in China. According to Melman, this cost gap intensifies competitive pressure and raises the overall cost of developing AI in the United States.(*Walter Bloomberg)