DeepSeek Shows How Badly Energy Industry Needs AI for Growth
- From pipelines to reactors, companies bank on data center boom
- DeepSeek’s more efficient model threatens growth forecasts
For the past year, their growth expectations and share prices were boosted by the belief that AI would require an unprecedented wave of data center construction.
Photographer: Chris Ratcliffe/Bloomberg
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Pipeline networks and nuclear startups. Texas landowners and fuel-cell makers.
In one brutal blow, DeepSeek has revealed just how many energy-related businesses in the US have been banking on an artificial intelligence boom — and the surge in power demand it was supposed to bring.