Motley Fool Money The Next AI Investment Story: Power
Sep 16, 2024
In this discussion, Asit Sharma, an investment analyst at The Motley Fool, dives into the soaring energy demands of AI technologies, revealing that a single query can consume ten times more electricity than a typical Google search. He explores the potential benefits for companies tackling these demands and examines Under Armour's challenges. Brendan Hughes, author of "Markets in Chaos," shares his concerns about rampant money printing in the U.S. and highlights gold's role as a timeless store of value amidst economic fluctuations.
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AI's Energy Consumption
- ChatGPT queries use 10x more electricity than Google searches.
- This is because AI models perform complex calculations, called inference, to generate responses.
Energy Sector Winners
- AI's energy demand benefits both renewable and legacy energy providers.
- Decentralized grids and efficient semiconductors will drive growth.
Power Demand and Economic Growth
- Increased power usage often correlates with higher GDP.
- AI's power demand may signal positive economic growth, despite challenges like aging populations.
