It seems every company under the sun these days is leveraging, investing in, or using AI in some way or another. The value of artificial intelligence—automating repetitive tasks, boosting efficiency, and solving extremely complex problems—has Wall Street salivating.
“AI’s natural limit is electricity, not chips,” Schmidt said.
“The U.S. is currently expected to need another 92 gigawatts of power to support the AI revolution. For reference, one gigawatt is roughly the equivalent of one nuclear power station. Right now, there are essentially none of these facilities being built, and in the last 30 years, only two have been constructed,” he added.
“We don’t know what AI will deliver, and we certainly don’t know what superintelligence will bring, but we know that it is coming fast,” Schmidt said. “We need to plan ahead to ensure we have the energy needed to meet the many opportunities and challenges that AI puts before us.”
