The tech world is currently living through the Fourth Industrial Revolution as Artificial Intelligence AI, cryptocurrencies and clean energy have emerged as some of the biggest secular megatrends of our time. AI and Machine Learning 'ML' have become the biggest consumer tech buzzwords thanks in large part thanks to ChatGPT, OpenAI’s generative AI chatbot. ChatGPT has become AI’s poster child, managing to garner 100 million users 60 days after its November 2022 launch.
, the AI boom, cryptocurrency mining and increased clean technology manufacturing are straining U.S. energy supplies leading to energy sources struggling to keep pace. 's most recent long-term reliability assessment has projected that power demand in the summer of 2024 will hit its highest level since 2016 while winter demand will hit its highest level since at least 2015.
wrote. Bitcoin Total Hash Rate TH/s Source Blockchain.com Power Hungry Technologies According to , resource growth is 'becoming more challenging' as more and more fossil fuel generation sources are retired adding that 'ore than 83GW of generator retirements are planned through 2033, and more are expected. Generation plans need to consider growing energy needs and grid stability.