Cathie Wood's Ark Invest Says Energy Bottlenecks Can't Stop AI Growth: Companies Could Go Partially Off-Grid

Quick Summary:

In a blog post on Wednesday, Cathie Wood-led ARK Invest has projected that the growth and profitability of AI data centers will remain strong, despite increasing power demand and costs.

What Happened: The blog written by Sam Korus, director of Research Autonomous Technology & Robotics at ARK Invest, indicates that AI companies could partially operate off-grid through independent power generation.

For example, Tesla and SpaceX CEO Elon Musk has used generators to power xAI’s data center in Memphis, Tennessee, bypassing full grid interconnection.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: Tech Stories That Matter Benzinga neuro Artificial intelligence Sam Korus Benzinga AI data centers Ark Inves News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 07:03:56 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23581659

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