Is AI lacking chips? It's electricity! Private equity giant Apollo: The energy gap is "difficult to bridge in our lifetime."
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Apollo Global executive Dave Stangis stated that the gap between the energy required for AI and the current global energy supply is enormous, and relying solely on renewable energy is insufficient to drive the AI era. To address the challenge of the energy shortfall, the world is racing to increase "every source of energy." Since 2022, Apollo has committed or arranged approximately $60 billion in investments related to energy transition, infrastructure, and sustainability
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