Cathie Wood's ARK Invest Addresses Concerns About Rising Energy Demand Due To AI And EVs: 'Countries Need To Pick Their Game Up But This Should Not Be Insurmountable In Any Way'

Quick Summary:

In an episode of The Brainstorm that was posted on Wednesday, Cathie Wood-led ARK Invest’s Sam Korus and Nick Grous explored the escalating energy demands triggered by the proliferation of electric vehicles and AI data centers.

What Happened: During their conversation, Korus and Grous tackled the pressing question of whether there will be sufficient energy to cater to the growing demands, particularly with the anticipated expansion of AI data centers.

They contrasted their forecast with that of McKenzie’s, asserting that their projection is considerably more aggressive.“I think their (McKenzie) current projection is something like 50 gigawatts of AI data center demand in 2030 and ours is exponential of that.”

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Author / Journalist: Ananya Gairola

Category: Technology

Markets: United StatesChina

Topics: People In Tech News Electric vehicles Stories That Matter Consumer Tech Nick Grous Benzinga Artificial intelligence Sam Korus Tech Energy Benzinga neuro

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 10:12:44 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Benzinga

News ID: 21884559

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