AI's Nuclear Energy Crunch: Pricey Kilowatts Ahead

Artificial Intelligences Insatiable Energy Demand: A Shift Towards Nuclear PowerInvestors predict a significant increase in uranium prices, with expectations ranging from $100 to $135 per pound by 2026. This surge is driven by the growing need for nuclear power to meet the constant energy demands of AI data centers, which are projected to consume over 2,200 terawatt-hours soon. The Jevons Paradox is at play as smarter chips lead to bigger models, requiring more energy. Hyperscalers are securing long-term nuclear deals to ensure clean energy for their AI operations. Meanwhile, supply struggles to keep up with demand, with mined uranium covering only 75% of future needs. This energy crisis could determine the leader in AI, as tech firms race to secure nuclear power sources.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.