Generative AI tools like ChatGPT require thousands of GPUs to process large volumes of data. Nvidia compared GPUs to rare earths for artificial intelligence and said they are “essential” for today.
However, the operation of all this equipment requires a significant amount of energy. French energy company Schneider Electric estimates that the energy consumption of AI training is equivalent to that of a small country.
In August, Institutional Investor reported that Applied Sciences, a small company, had rebranded itself as a Bitcoin miner hosting company called Applied Bitcoin in April 2022, but by November 2022 — perhaps sensing a shift in investment — it had shifted its focus to artificial intelligence, rebranding itself as Applied Digital. It stated that it rebranded as . .
Overall, the “Artificial Intelligence boom” is creating a new environment for technology companies. Those who can keep up with environmental issues while adapting to changing market demands have a high chance of success.
Source: Ferra
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