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A startup founded by former Tesla Inc. executive Drew Baglino has signed letters of intent to sell technology designed to address the AI boom’s biggest bottlenecks: aging infrastructure and a transformer shortage.
Baglino, chief executive officer and founder of Heron Power Electronics Co., said his company has inked preliminary deals with firms including Crusoe, which is developing OpenAI’s Stargate site.
Traditional transformers, which adjust voltage levels, are essential for transmitting and distributing electricity to anything that requires…
