Conference Presentation, Keynote
Keynote by Wes Cummins, CEO and Co-Founder of Applied Digital | RAISE Summit 2024 | Paris
- Power demand driven by AI applications and NVIDIA H100 GPUs is projected to be 10 to 20 times larger than during the blockchain data center building phase.
- Constraints on actual data center power capacity are anticipated to become significantly more evident in 2024 and throughout the following year.
- Near- to medium-term mitigation strategies involve locating operations at points of power generation, whereas longer-term solutions are characterized as substantially more complex.
- Current operations are leveraging power from turbines that would otherwise be curtailed due to negative pricing conditions.
- Forecasts estimate a requirement for 37 gigawatts of DC capacity between the present and 2030, with a hyperscale executive suggesting a potential need of 100 gigawatts over the same period to serve the three largest hyperscalers.
- The projected 100 gigawatts needed in the US by 2030 exceeds the total 23 gigawatts of capacity built across the entire US data center market over the preceding 30 years.