To most of us, a power plant is a source of electricity. To Exxon Mobil Corp., it’s a machine that converts natural gas into money. And this is a propitious time for doing that. Exxon announced this week that it is getting into the electricity game — sort of.
While a 33% decline for a stock would normally scare most investors off, the technical picture for NuScale suggests that this is the time to consider buying the stock on its recent weakness. Shares of NuScale are trading just above $20. That price has strong support potential for the stock for two reasons.
The convergence of AI and nuclear energy brings unique risks, especially when AI moves from a passive tool to an autonomous participant.
Nuclear energy is rapidly emerging as a choice for powering artificial intelligence (AI) systems due to its ability to provide a stable, high-output source of electricity. As AI technologies continue to grow and require more computational power ...
The rise of artificial intelligence will drive a surge in electricity demand that’ll initially be met by fossil fuels, before nuclear replaces that source, the head of a body advising Japan’s top utility said.
The surge in artificial intelligence (AI) has led many companies to urgently reassess their energy strategies. These companies, along with several countries, have also committed t
Nuclear-power enthusiasts are more optimistic about the future of the technology. They think power demand will continue to increase, thanks in part to AI. And once online, new nuclear reactors will be used to displace older fossil-fuel plants, including those built to address nearer-term electricity needs.
MIT Nuclear Science and Engineering Professor Koroush Shirvan claims energy intensive Artificial Intelligence will require electricity that is “always on”, afforded by nuclear power.
The nuclear industry and big tech companies think they can solve each other's problems, but critics are skeptical the marriage can last.
"And so I'm a fan of the technology. I want to see it be successful. I think the world needs it, and there could be a role for a company like ours."
AI training is consuming so much power — more than the current electricity grid can provide — that Meta is now actively looking for proposals from nuclear developers to build nuclear power plants for its AI dreams.
The Facebook and Instagram parent aims to deploy new nuclear generation capacity to power its data centers beginning in the early 2030s, it said Tuesday.