On January 14, US President Joe Biden, just before he left office, signed an executive order to provide federal support for the massive energy needs of AI data centers in the United States.
In announcing the order, Biden stated: “… the volumes of computing power and electricity needed to train and operate frontier models - a term for the most advanced AI models available - are increasing rapidly and set to surge even more."
This is a problem many countries around the world as facing. While governments plot the - theoretical - expansion of their AI technical capabilities, less attention has been devoted to the power and infrastructure requirements AI necessitates. Talk to engineers who are close to the AI chip development space, and you quickly start to hear about energy requirements.
This stock tip is listed in Canada and is an innovator in the area of thermoelectric power generation. It is a micro-cap that has been working on the prototype of a generator that can operate under unprecedented temperature extremes, far higher than those at whick current thermoelectric devices can function.
The company reports that it has been getting a lot of interest from businesses involved with AI and cryptocurrency data centers, which consume enormous amounts of energy while generating a lot of waste heat. It reckons its generators could harness some of this heat, save the data centers money, and provide supplemental power that reduces the strain on energy grids.
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