US electricity generation/demand was flat for 15+ years from mid 2000s
With AI computing power needed, its going to start growing again, and rather quickly too
Somebody should inform this Tesla owner. He’s gonna have to budget more waiting time for charging.
Yet we’re about to end coal generation in about a decade by administrative edict. This will not end well.
I agree. Then demand will drop back down quickly after the AI fad is over.
Don't get me wrong. AI has value and is applicable for many scenarios. I just believe from an investing perspective there's a lot of hype priced into AI stocks that's beyond AI's intrinsic value. So if anyone decides to invest in AI, I suggest being ready to get back out quickly when the hype starts fading and stock price for companies like Nvidia go back to being based on actual earnings.
Yeah, the big tech CEOs are concerned that there won’t be enough power generation, which should be a break for us, once they take a big dump on the AGW hoax because they just gotta have it.