AI Needs a Lot of Computing Power. Is a Market for ‘Compute’ the Next Big Thing?
…and when they say that, what they mean is an enormous market for electricity. Because the only way to run all those computers is with electricity.* And that in turn means an enormous market for natural gas and oil. Because burning those fuels is the only viable way we have to generate the electricity.**
Unless we get back to nukes.
*In the 19th Century a guy named Charles Babbage designed a computer that ran on steam. The steam would have been generated by burning coal.
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