The Business Times
business-time-50
PERSPECTIVE

AI’s brave new world is going nowhere without the old

For artificial intelligence to change everything, we’re going to need help from some old-world commodities: copper and uranium

google-preferred-sourceAdd BT as a preferred source
    • AI is devouring baseload power from often carbon-intensive sources at a time when the world’s efforts are focused on installing renewable capacity to meet climate goals.
    • AI is devouring baseload power from often carbon-intensive sources at a time when the world’s efforts are focused on installing renewable capacity to meet climate goals. ILLUSTRATION: UNSPLASH

    Scott Clements

    Published Sat, Mar 23, 2024 · 05:00 AM

    THE hype around artificial intelligence (AI) has the hallmarks of a classic gold rush: hordes of hopeful prospectors rushing to unearth the treasure, no matter the cost.

    But more people prospered from selling picks, shovels and pans during the 1849 California Gold Rush than from finding nuggets.

    If AI is today’s gold rush, then data centres are its picks and shovels. And investors should look to the old-world commodities – especially uranium and copper – that are essential for those data centres and the AI-driven economy they enable.

    Artificial IntelligenceMetalsPerspective

    TRENDING NOW

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Singapore continues to be an important market for big luxury houses, such as Hermes and Chanel.

    As luxury retail goes big, can Singapore’s Orchard Road keep up? 

    From left: Acting Minister for Transport Jeffrey Siow, Deputy Prime Minister Gan Kim Yong, and Acting Minister for Culture, Community and Youth David Neo at a press briefing on the Economic Strategy Review's midterm update in January.

    Singapore releases Economic Strategy Review Final Report, with more detailed proposals

    Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

    Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More