The comparison with the famously capex-happy energy industry is apt not just because of the sums involved. AI needs vast amounts of processing power. And that processing power needs vast amounts of electricity. On May 2nd Bob Blue, chief executive of Dominion Energy, one of America’s biggest utilities, said that data-centre developers now regularly ask … Read more
The relentless stream of AI headlines makes it hard to get a sense of which businesses are real winners in the AI boom—and which will win in the longer run. To help answer this question The Economist has looked where value has accrued so far and how this tallies with the expected sales of products … Read more
In recent weeks, some of the best-known players in artificial intelligence have intensified their efforts to gain dominance in the AI space. Anthropic, a startup backed by Google and Amazon, launched Claude 3 Opus. Google launched Gemini, but is back to the drawing board after facing complaints. Meta is spending billions to create AGI, or … Read more