1 Uranium ETF to Buy Hand Over Fist
Artificial intelligence (AI) demands energy -- a lot of it. According to the International Energy Agency, data centers powering the AI revolution are expected to more than double their electricity consumption by 2030, reaching 945 terawatt-hours, roughly equivalent to Japan's entire annual electricity usage.
These facilities already account for approximately 2% to 3% of all energy consumption in the U.S., with some estimates reaching as high as 4.4%. Goldman Sachs projects data center power demand could surge 165% by the decade's end.
The scale is staggering. AI servers consume up to 10 times more power than standard servers, while companies like (NASDAQ: MSFT) and Meta Platforms are exploring nuclear power integration into their long-term energy strategies. Microsoft and OpenAI, among other companies, announced plans for the Stargate initiative, a $100 billion project to build advanced data centers powered by next-generation energy sources.
Source Fool.com
Microsoft Corp. Stock
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