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News in English (USA) / 21.10.2024 / 01:00

Big Tech Embraces Nuclear Power to Meet AI Energy Demands

In a significant move, major tech companies including Amazon, Google, and Microsoft are increasingly investing in nuclear power to support their growing energy demands, particularly for data centers driven by artificial intelligence (AI). Google has placed orders for small modular nuclear reactors (SMRs) from Kairos Power, while Amazon has announced agreements for three nuclear plants, signaling a robust shift towards clean energy solutions. This renewed interest in nuclear energy has also led to a surge in uranium and utility stocks, with many observers noting that utility stocks are hovering near all-time highs due to rising demand for energy. As the AI boom continues, tech giants are placing their bets on next-generation nuclear technologies, aiming to secure a clean and reliable power source for their operations, despite concerns about the long timelines for these projects to come online.
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