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MacroVoices #428 Adam Rozencwajg: AI Demand, Energy & Precious Metals
Macro Voices
Energy Demand of AI and Tech
The energy demand of AI and tech, particularly large language models, is growing significantly, leading to a rise in energy consumption from data centers. Renewable energy sources like solar power are not sufficient due to their intermittent nature, leading to a reliance on natural gas, coal, or nuclear power to effectively power AI technology. This increased energy demand is of particular importance in the context of a mature oil basin like the Permian, where the demand for traditional energy sources remains high despite the focus on AI and tech advancements.
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