”AI in finance; AMD vs Nvidia It’s fast looking like the first industry AI will disrupt is not technology but energy. In this edition of “Latest in AI”, we analyse (sic) moves by Big Tech to resuscitate a nuclear energy industry that has stalled since the heyday of the 1970s and 1980s as they scramble to meet the electricity needs of their AI-driven data centers. We also examine why last week’s AI Nobel prizes matter; AI risks to the financial system; and why it’s so hard for rivals to chip away at Nvidia’s dominance in AI. Amazon said yesterday that it is buying a stake in X-Energy to develop small modular reactors (SMRs) following an announcement from Alphabet’s Google on Monday that it will be investing in Kairos Power. Microsoft said last month that it signed a 20-year deal with Constellation Energy to buy power from a restarted nuclear reactor at Three Mile Island in Pennsylvania. A perfect storm of AI data center buildouts, electrification of vehicles and onshoring of manufacturing is causing US electricity demand to surge after flatlining for the past two decades..”
Morten W. Langer
