We just published a list of 10 Trending AI Stocks to Watch in December. In this section, we’ll look at how Oracle Corporation (NYSE: ORCL ) stacks up against other AI stocks to watch in December.
Jared Cohen, Goldman Sachs president of global affairs, director-general of the Goldman Sachs Global Institute, said that speaking to CNBC in the current program amid the rise of data-driven power due to AI, the US will need to cooperate with others. world through “diplomacy.”
“If you look at cloud data center workloads compared to data center AI workloads, data centers for AI workloads need a lot of high-end workloads. They need a deep energy source, and so intermittent energy like wind and solar doesn’t fit the bill. You need base reload energy, so I think nuclear, coal, and natural gas are needed, and we have a lot of that in the US. The problem is that we can’t transport it from many places because it’s not in my backyard. issue. So, the US is going to need some kind of overflow option if it wants to continue to lead in this area. There is no geography that represents the cure for this problem.”
Responding to the question of whether a return to cheap and reliable sources of energy such as coal can satisfy the demand for AI-driven energy, the analyst said the US will continue to need to look beyond relying on sources because the demand for energy is huge.
“We’re going to have to bring another 35-plus gigawatts of electricity online in line with the 17 gigawatts of electricity that’s already online feeding these data centers in the next few years. It’s not enough, the time is not enough. So, you know, the US will continue to lead in the space, but it’s not going to be able to lead by itself.”
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