JOURNAL ARTICLE

Google ex-CEO Eric Schmidt jumps into the AI data center business with a failed, 150-year-old Texas railroad turned oil giant.

  • Published In: Fortune.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Blum, Jordan 3 of 3

Abstract

The article focuses on Eric Schmidt's new startup, Bolt Data & Energy, which aims to address the energy needs of data centers in rural West Texas. Bolt has partnered with Texas Pacific Land (TPL), a significant player in the oil and gas sector, to leverage its extensive land and water resources for data center development. Schmidt emphasizes the importance of energy in scaling AI and plans to transition from natural gas to renewable energy sources, including nuclear power, to meet the growing demand for computing. The initiative seeks to create a scalable infrastructure that supports American competitiveness in the global AI landscape while minimizing environmental impact. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2026/01, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2026
  • Accession Number:190650259
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