Nuclear power will be a key part of a suite of new energy infrastructure built to meet surging data-center power demand driven by artificial intelligence. But nuclear can’t meet all of the increased data-center power needs. Natural gas, renewables, and battery technology will also have a role to play, according to Goldman Sachs Research. Several big tech companies looking for low carbon, round-the-clock energy signed contracts for new nuclear capacity...

The launch of three new Chinese generative artificial intelligence models sent shockwaves through the tech sector. The share price of a basket of AI-related stocks in the US dropped 10% in the first two days of this week. The development highlights the sheer amount of capital that’s been invested in AI by US technology giants so far, as well as the investment that will be needed to scale the technology going forward,...

The explosion in interest in generative artificial intelligence has resulted in an arms race to develop the technology, which will require many high-density data centers as well as much more electricity to power them. Goldman Sachs Research forecasts global power demand from data centers will increase 50% by 2027 and by as much as 165% by the end of the decade (compared with 2023), writes James Schneider, a senior equity research...