The Loft
AI, AI, AI! Oh, my goodness, what a week. By now we all know that artificial intelligence is taking hold, with trillions of new investment dollars flowing into the industry. Computing power is becoming more powerful by the day. Competition to dominate the large language space is fierce – Anthropic, ChatGPT, and Orca, to name a few, are competing to become the globally preferred language model. However, energy consumption for these massive facilities is also fierce. Combined, the AI, crypto and associated server farms consume almost 2% of the world’s electrical energy. As demand grows, where does this energy come from? Options include nuclear, hydro-electric, coal, and natural gas. Of all these energy supplies, natural gas is currently the easiest and cleanest to expand. Both the U.S. and Canada are abundant in natural gas resources. The question for Canada, will our politicians get out of the way of progress and allow us to make money from the vast resource?