Energy Guzzler Artificial Intelligence: why Data Center Energy Stocks are in Focus now!
Reading Time: 4 minutes
The rapid development of artificial intelligence is creating an unprecedented hunger for energy, making specialized electricity suppliers and data center operators the unlikely winners of the AI boom. Meta CEO Mark Zuckerberg announced investments of "hundreds of billions of dollars" for multi-gigawatt data centers this week that will require a hundred times more energy than today's large data centers. Explosive demand drives new markets: The consulting firm Newmark forecasts that Europe will see an increase in data center electricity demand...
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