AI may nearly treble power demand by 2030: WEF

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The world has invested nearly $600 bullion on artificial intelligence (AI) since 2010, and the US and China account for nearly two-thirds (65%) of it, according to Cathy Li, Head of AI, Data and Metaverse and Member of the Executive Committee at the World Economic Forum (WEF).

Addressing the scale of the AI build-out ahead of the WEF’s Annual Meeting in Davos, Li said global AI investment growing at an annual rate of around 33%.

The rapid expansion is also expected to have significant implications for energy demand, with global electricity…



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AI may nearly treble power demand by 2030: WEF


The world has invested nearly $600 bullion on artificial intelligence (AI) since 2010, and the US and China account for nearly two-thirds (65%) of it, according to Cathy Li, Head of AI, Data and Metaverse and Member of the Executive Committee at the World Economic Forum (WEF).

Addressing the scale of the AI build-out ahead of the WEF’s Annual Meeting in Davos, Li said global AI investment growing at an annual rate of around 33%.

The rapid expansion is also expected to have significant implications for energy demand, with global electricity…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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