Azeem Azhar's Exponential View Exponential Growth: Why AI, Solar & Batteries Will Keep Getting Cheaper | Exponential View & Cleaning Up Podcast
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Nov 28, 2024 In a captivating conversation, Michael Liebreich, founder of New Energy Finance and host of the Cleaning Up podcast, teams up with Azeem Azhar to tackle the future of energy. They discuss the rapid advancements in AI, solar, and battery technologies, highlighting how these innovations could combat climate change. The duo also delves into the challenges of hydrogen versus battery energy, the monopolization of the energy sector, and the rising energy demands of data centers. Their insights spark a dialogue about the societal implications of this energy transition.
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Cost Decreases in Tech
- In 1961, one gigaflop of computing cost $190 billion in today's money, but in 2023, it cost 1.25 cents.
- Solar and battery costs have also decreased drastically, indicating exponential growth.
Exponential Technology Costs
- Solar and battery technologies are becoming exponentially cheaper, similar to silicon chips.
- This makes them economically viable alternatives to traditional energy sources.
Penetration Curves
- Exponential growth in technology adoption often follows penetration curves.
- Betting against these trends has historically been a losing strategy.