BOTZ - AI And The Energy Grid: Solving For AI's Power Needs
2024-05-27 14:30:00 ET
Summary
- Rapid advancement and adoption of the technology is poised to drive a significant increase in power, demand, and this demand could redefine energy consumption as we know it.
- A text-based query takes about the same amount of power as an internet search, but an AI-generated photo takes up to 30 times more power, and a 60-second AI-generated video takes up to 7,000 times more power than a text query.
- The energy sector contributes about 10% of the S&P 500's net income, but it makes up less than 4% of the index by market cap.
Episode Description
The world remains abuzz over artificial intelligence, but rapid advancement and adoption of the technology is poised to drive a significant increase in power demand, and this demand could redefine energy consumption as we know it. Today we ask the critical question: is the energy sector equipped for the AI power revolution?
Will Su, of BlackRock's Fundamental Equities team, is one of BlackRock’s leading voices on all things energy. Will walks us through the sector’s pivotal role in the build-out and future of AI and digs into the potential investment opportunities and challenges.
Transcript
Oscar Pulido: Welcome to The Bid, where we break down what's happening in the markets and explore the forces changing the economy and finance. I'm Oscar Pulido....
AI And The Energy Grid: Solving For AI's Power Needs