AI world energy consumption
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AI world energy consumption
Big Tech Struggles to Turn AI Hype Into Profits
As AI Coasts Soar, Some Startups Consider Selling
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AI world energy consumption
AI technologies consume significant amounts of energy, with estimates suggesting that AI-related activities could consume as much electricity as a small country like Ireland. The growth of AI, particularly large language models (LLMs), has led to concerns about the energy demands of data centers, which already account for 1-1.5% of global electricity use. If current trends continue, AI energy consumption could increase dramatically, potentially leading to a 10-fold increase in data center energy consumption.
AI can also support energy conservation efforts by optimizing energy systems, enhancing demand-response programs, streamlining industrial processes, and improving building management. However, the development and operation of AI solutions require substantial computational power, which can have a knock-on effect on energy usage and conservation.
Efforts to improve AI's energy efficiency include optimizing hardware, using renewable power sources, and developing energy-aware modeling techniques. However, there are challenges in balancing the demand for more powerful AI models with their environmental impact.
In summary, AI's energy consumption is a growing concern, but it also presents opportunities for energy conservation through optimization and efficiency improvements. Transparency, monitoring, and reporting of AI sustainability are crucial for managing its environmental impact.….
by Lauren Leffer of The Scientific American
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Big Tech Struggles to Turn AI Hype Into Profits
Tech companies are touting new AI technology that can spit out business memos or computer code. They are still figuring out how those products will generate a profit.
Generative artificial-intelligence tools are unproven and expensive to operate, requiring muscular servers with expensive chips that consume lots of power. Microsoft, Google, Adobe and other tech companies investing in AI are experimenting with an array of tactics to make, market and charge for it.
Microsoft has lost money on one of its first generative AI products, said a person with knowledge of the figures. It and Google are now launching AI-backed upgrades to their software with higher price tags. Zoom Video Communications has tried to mitigate costs by sometimes using a simpler AI it developed in-house. Adobe and others are putting caps on monthly usage and charging based on consumption.
“A lot of the customers I’ve talked to are unhappy about the cost that they are seeing for running some of these models,” said Adam Selipsky, the chief executive of Amazon.com’s cloud division, Amazon Web Services, speaking of the industry broadly.
It will take time for companies and consumers to understand how they want to use AI and what they are willing to pay for it, said Chris Young, Microsoft’s head of corporate strategy.
“We’re clearly at a place where now we’ve got to translate the excitement and the interest level into true adoption,” he said.
Building and training AI products can take years and hundreds of millions of dollars, more than with other types of software….
by Tom Dotan of The Wall Street Journal
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As AI Coasts Soar, Some Startups Consider Selling
The founders of artificial intelligence startups spent much of the past year seeking capital to fund the high cost of developing their software. Now those costs have pushed some to consider another alternative - merging with a larger company.
Perplexity AI, a one-year-old San Francisco-based startup developing and AI-powered search engine, raised $25.6 million last March. By October, the company was generating around $3 million in annual recurring revenue, a measure of subscription sales.
Around that time, several companies expressed interest in acquiring Perplexity, according to a person familiar with the matter. Perplexity’s management entered into discussions with at least four companies because they were concerned about the cost of training AI models and about intense competition from search giant Google, the person said.
by Natasha Mascarenhas and Stephanie Palazzolo of the Information
Enjoy SBalley Team!