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

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

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.