The Next AI Investment Story: Power
Description
One query on ChatGPT takes 10x the amount of electricity as a Google search.
(00:21 ) Ricky Mulvey and Asit Sharma discuss:
- How big tech is dealing with the electricity demands of AI systems.
- Companies that could benefit from more energy usage.
- If Under Armour can turn around.
Then, (17:43 ) Brendan Hughes, the author of “Markets in Chaos” joins Ricky to discuss why he’s concerned about the level of money printing in the United States, and one area for investors to watch.
Companies discussed: NVDA, MSFT, DUK, OKLO, UA, META, FNV
Live podcast in Denver on Wednesday, September 18: https://www.meetup.com/biggerpockets/events/303028272/?eventOrigin=group_upcoming_events
Visit our sponsor: Go to www.monarchmoney.com/fool for an extended 30-day free trial
Host: Ricky Mulvey
Guests: Asit Sharma, Brendan Hughes
Producer: Mary Long
Engineers: Dan Boyd, Tim Sparks
Learn more about your ad choices. Visit megaphone.fm/adchoices
United States
The need to abandon the gold standard in 1971 was a culmination in LBJ era policies of war and dependency creation. When you have physically backed money in place it quickly shows the folly of imprudent fiscal policy. That's why the pols prefer the shenanigans shielding stealth taxation of fiat. They'll just make more.
Big tech is going to get the traditional reliable energy production, while the proles will be left sweltering or freezing in the dark with that inflation acceleration act subsidized unreliable, "green" sometimes works, mostly doesn't energy. Good luck pedaling your genset for an hour to listen to a 1:30 podcast.
Confidence in the dollar has contributed to holding hyper inflation in check as the supply of the currency has exploded exponentially, but the major factor has been ubiquitous demand and acceptance as world reserve 2 facilitate global transactions. Once the politicians finish destroying this, we'll likely see the type of inflation where the price changes from the time of selecting the product in store to checkout. Smart retailers are already investing in tech capable to perform this function.