When I became a Member of the Parliament of New Zealand, we were judged as the most socialistic of nations. We had been one of the richest of countries at #3 in per capita income, but by 1984 we were only #27. We had gone for 23 years relying on deficits, without balancing our budget. The government was taking 44 percent of the Gross Domestic Product, and, in 1984, our forecast deficit was 15 percent of the GDP…
AI’s Insatiable Appetite For Energy Can’t Be Satisfied By Renewables
AI is bringing an unprecedented surge in energy consumption, whether policymakers understand the energy implications or not. In the realm of artificial intelligence (AI), where data crunching and machine-learning algorithms reign supreme, the demand for energy has emerged as a critical concern. Mark P. Mills, the executive director of the National Center for Energy Analytics (an initiative...