Westinghouse Electric has made significant progress by submitting its Preliminary Safety Design Report for the eVinci Microreactor to the National Reactor Innovation Center. This marks a pivotal moment in the revival of nuclear energy in the U.S., driven by the increasing energy demands of advanced AI models. As AI technologies evolve, their power requirements are projected to escalate, necessitating innovative energy solutions.
The eVinci Microreactor is designed to operate continuously for eight years, providing a stable energy source for AI data centers. Other tech giants, including Oracle and Microsoft, are also exploring nuclear energy to meet their growing power needs. This shift towards nuclear solutions highlights the intersection of energy innovation and the expanding landscape of artificial intelligence.
• AI data centers require significant energy, prompting nuclear energy exploration.
• Westinghouse's eVinci Microreactor could power AI data centers for eight years.
These centers are increasingly demanding more energy as AI models grow in complexity.
The eVinci Microreactor aims to provide a reliable power source for remote installations and AI data centers.
Westinghouse is advancing the development of microreactors to support the energy needs of AI data centers.
Oracle plans to utilize small nuclear reactors to power its new AI data center.
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Nvidia (NASDAQ: NVDA) is the leading supplier of graphics processing units (GPUs) for data centers, which are used to develop advanced artificial intelligence (AI) models. The company consistently grew its quarterly revenue by triple-digit percentages over the past year, propelling its market capitalization to $3.2 trillion.
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The artificial intelligence (AI) market has created some monster growth stocks already, but companies involved in enabling this technological revolution are still seeing growing opportunities. Here are two AI leaders that could be profitable investments over the next year and beyond.