AI Energy Demand Will Be Less Than Many Are Expecting, DNV Says.

According to a report by DNV, a Norwegian risk management company, the impact of data centers and AI on energy demand may be smaller than expected. DNV estimates that AI power demand will only reach 3.1% by 2030 in North America, which is significantly lower than the 12% forecasted by McKinsey & Co Inc for the US market. DNV warns that if demand grows too rapidly, clean power sources may not be able to keep up, leading to increased use of fossil fuels. However, DNV believes that the energy needs of AI will not significantly alter the course of the energy transition. [Extracted from the article]