It’s not the Chip That Matters, but Electricity: These are the Quiet Winners of the AI Boom!

The heatwave of this summer , forcing more than 200 million Americans under a dome of scorching air, reveals an uncomfortable truth about the AI age: The true bottleneck is not computing power , but the electricity that powers it . In France , nuclear reactors had to be throttled because the heated coolant could no longer be released into rivers that are too warm; gas turbines can lose up to a quarter of their efficiency in heat. At the same time, the AI data center drives consumption to unprecedented heights . This shifts the focus for investors...