A future where artificial intelligence co-pilots with humans to reinvent the workplace and global economy will stoke so much demand for power that analysts are honing in on data centres and nuclear energy as two great investment opportunities.
The soaring demand for AI tools means data centres will more than double power consumption from 2024 to 2026, in a leap roughly equivalent to Japan’s annual power consumption, according to the International Energy Agency.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
