An Amazon Web Services data center in Stone Ridge, Virginie, United States, Sunday July 28, 2024.
Nathan Howard | Bloomberg | Getty images
Oklahoma City – The managers of Amazon and Nvidia said Thursday that the construction of artificial intelligence data centers did not slow down, because the fears of the recession have investors wondering if technological companies will come together.
“There was really no significant change,” said Kevin Miller, vice-president of Amazon’s global data centers during a conference organized by the Hamm Institute for American Energy. “We continue to see a very strong demand, and we are looking for both in the next two years as well as in the long term and seeing that the figures were only going up.”
The comments are contrary to the concern of Buzz Building on Wall Street about technological companies modifying the construction plans of data centers. Wells Fargo analysts said on Monday that Amazon Web Services Interrupt certain leases on the data center commitments, citing industry sources. The extent of the break was not clear, analysts said, but comments have raised fears that Amazon would do something similar to Microsoft’s recent decision to withdraw on certain projects at an early stage.
Miller said that “there was little reading of tea leaves and extrapolation to strange results” on Amazon’s plans.
NVIDIA does not see signs of slowdown either, said Josh Parker, principal director of the durability of flea manufacturer’s business.
“We haven’t seen a step back,” said Parker. The artificial intelligence startup of Advent Deepseek sparked an electrical stock sale earlier this year while investors feared that its AI model is more efficient and that data centers may need as much energy as originally expected.
But Parker said that Nvidia only considers the calculation and demand for energy only rising due to AI, describing the reaction to Deepseek as “Kneejerk”. Anthropic’s co-founder Jack Clark said that 50 new energy capacity gigawatts will be needed by 2027 to support AI. It is the equivalent of around 50 new nuclear power plants.
“Anthropic and other AI companies, what we see is a great growth in the need for new basic power. We see unprecedented growth,” said Clark.
The leaders were expressed during a gathering of technological and energy companies at a conference in Oklahoma City organized by the Hamm Institute to discuss how the United States can meet the growing energy needs of artificial intelligence. There is an increasing consensus in the two industries that natural gas will be necessary to meet power needs.
