Surging AI Power Needs Spark Uranium Market Surge

Surging AI Power Needs Spark Uranium Market Surge

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Artificial intelligence’s voracious appetite for energy is triggering a surge in demand for uranium. Major tech players are investing heavily in nuclear power to meet the escalating requirements of their AI initiatives. Examples include Microsoft’s potential revitalization of the Three Mile Island nuclear plant, Google’s exploration of Kairos SMR (small modular reactor) technology, and Amazon’s broader expansion into nuclear energy capacity. The high energy intensity of AI models, particularly conversational platforms like ChatGPT, compared to conventional search algorithms is a key driver of this trend. Oracle’s plans to construct nuclear-powered data centers will further contribute to the rising uranium consumption. This information originates from discussions on Reddit’s r/artificialintelligence forum.