Artificial Intelligence (AI) Energy Consumption Is Jumping At a Scary Pace: 2 Stocks That Could Surge Thanks to This Trend

The proliferation of artificial intelligence (AI) has increased the demand for more powerful chips that are being deployed in data centers to train complex large language models (LLMs), and also for moving those models into production through AI inference.However, clustering together multiple powerful chips that consume a lot of electricity and generate a lot of heat also means that data centers now have two new challenges to tackle. The first is to find a way to reduce electricity consumption. Market research firm IDC anticipates that energy consumption in AI data centers is set to increase at an incredible compound annual growth rate of 45% through 2027.The firm predicts that overall data center electricity consumption could more than double between 2023 and 2028. Meanwhile, Goldman Sachs forecasts that data center power demand could grow 160% by 2030, indicating that data center operators will have to shell out a lot of money on electricity.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool