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NVDA - AI Power Consumption: Rapidly Becoming Mission-Critical
NVIDIA Corporation
2024-06-25 09:47:34 ET
Summary
As Nvidia, AMD, and soon Intel start to roll out their next generation of AI accelerators, the focus is now shifting towards power consumption per chip.
Morgan Stanley is estimating global data center power use will triple this year, from ~15 TWh in 2023 to ~46 TWh in 2024.
The IEA is projecting global electricity demand from AI, data centers, and crypto to rise to 800 TWh in 2026 in its base case scenario.