The convergence of AI and nuclear energy brings unique risks, especially when AI moves from a passive tool to an autonomous participant.
While the energy sector as a whole may not be as lucrative as the technology industry, consider that uranium stocks have returned roughly 36% year to date -- nearly identical to the tech industry's result. What gives? Well, believe it or not, nuclear power has some pretty lucrative opportunities related to AI.
Advances in AI technology are sending shockwaves through the power grid. The latest generation of large language models requires significantly more computing power and energy than previous AI models.
Nuclear energy could be the long-term solution for the energy demands of AI. In the short-term, though, AI companies may turn to oil and gas.
Artificial intelligence has been the driving theme of the stock market over the past couple of years which have seen investors battle inflation and high interest rates.
“Supporting the development of clean energy must continue to be a priority as electric grids expand to accommodate growing energy needs,” the company said in a release. “At Meta, we believe nuclear energy will play a pivotal role in the transition to a cleaner, more reliable, and diversified electric grid.”
Meta has issued a call for proposals for bringing nuclear reactors online by the early 2030s to support its data centres and the surrounding communities. It is looking for partners who can develop and
As we look ahead to our next decade of innovation and growth, we are planning for our data center energy needs while simultaneously contributing to a reliable grid,' says tech giant - Anadolu Ajansı
Meta has doubled down on AI spending, with CEO Mark Zuckerberg promising to ramp up AI investments into next year. In its third-quarter earnings report, Meta raised capital expenditure estimates for the 2024 fiscal year to between $38 billion and $40 billion.
Meta Platforms Inc announced plans to seek nuclear energy proposals to power AI innovation and sustainability goals.
Meta (NASDAQ:META) is looking to bring nuclear reactors online starting in the early 2030s to power and support AI data centers and surrounding communities, Axios reported Tuesday, joining the likes of rivals Google (GOOG) (GOOGL) and Amazon (AMZN),