Neal Freiman

There's projections out that say AI data centers will consume 12 percent of all all American energy output by 2028, just three years from now. It was 4% in 2023. One of the biggest limitations for these companies in pursuing their AI ambitions, which they've bet the farm on, is the availability of power.

So we've seen extremely strange bedfellows here between tech companies who used to do social media and nuclear power plants in the rural Midwest coming together. And it seems to be a mutually beneficial partnership.

So we've seen extremely strange bedfellows here between tech companies who used to do social media and nuclear power plants in the rural Midwest coming together. And it seems to be a mutually beneficial partnership.

So we've seen extremely strange bedfellows here between tech companies who used to do social media and nuclear power plants in the rural Midwest coming together. And it seems to be a mutually beneficial partnership.

And I just want to clarify that Meta isn't going to use the nuclear power from this particular plant in Illinois to flow to directly to its data centers. What it's doing is a bit of clever carbon accounting because

And I just want to clarify that Meta isn't going to use the nuclear power from this particular plant in Illinois to flow to directly to its data centers. What it's doing is a bit of clever carbon accounting because

And I just want to clarify that Meta isn't going to use the nuclear power from this particular plant in Illinois to flow to directly to its data centers. What it's doing is a bit of clever carbon accounting because

Thanks to the increased power demand that these tech companies used, right now these data centers are mostly powered by natural gas plants, and they want to show shareholders that they are being more emissions-friendly. Nuclear power is zero emissions.

Thanks to the increased power demand that these tech companies used, right now these data centers are mostly powered by natural gas plants, and they want to show shareholders that they are being more emissions-friendly. Nuclear power is zero emissions.

Thanks to the increased power demand that these tech companies used, right now these data centers are mostly powered by natural gas plants, and they want to show shareholders that they are being more emissions-friendly. Nuclear power is zero emissions.

So what they're saying is we're going to be a customer of these nuclear power plants in order to offset the emissions that we're creating through these other data centers centers that are powered by more emissions-producing power. So it's somewhat a carbon accounting. This power isn't going to go from the nuclear plant to MEDA's servers, but it is just a way so they can offset their emissions.

So what they're saying is we're going to be a customer of these nuclear power plants in order to offset the emissions that we're creating through these other data centers centers that are powered by more emissions-producing power. So it's somewhat a carbon accounting. This power isn't going to go from the nuclear plant to MEDA's servers, but it is just a way so they can offset their emissions.

So what they're saying is we're going to be a customer of these nuclear power plants in order to offset the emissions that we're creating through these other data centers centers that are powered by more emissions-producing power. So it's somewhat a carbon accounting. This power isn't going to go from the nuclear plant to MEDA's servers, but it is just a way so they can offset their emissions.

The AI startup world just experienced its biggest ever crash. Builder AI, a Microsoft-backed company once valued at $1.5 billion, collapsed in spectacular fashion this month, unable to pay its 1,000 employees and is preparing to file for bankruptcy. and now prosecutors are on the hunt for potential fraud.

The AI startup world just experienced its biggest ever crash. Builder AI, a Microsoft-backed company once valued at $1.5 billion, collapsed in spectacular fashion this month, unable to pay its 1,000 employees and is preparing to file for bankruptcy. and now prosecutors are on the hunt for potential fraud.

The AI startup world just experienced its biggest ever crash. Builder AI, a Microsoft-backed company once valued at $1.5 billion, collapsed in spectacular fashion this month, unable to pay its 1,000 employees and is preparing to file for bankruptcy. and now prosecutors are on the hunt for potential fraud.

Builder.ai was founded in 2016 by Sachin Dev Duggal, a tech entrepreneur who promised to make building smartphone apps as easy as ordering a pizza, no code required. The company raised more than $450 million from heavyweights, including Microsoft, Qatar's Sovereign Wealth Fund, and venture capitalists such as Insight Partners. Duggal took the position consistently,

Builder.ai was founded in 2016 by Sachin Dev Duggal, a tech entrepreneur who promised to make building smartphone apps as easy as ordering a pizza, no code required. The company raised more than $450 million from heavyweights, including Microsoft, Qatar's Sovereign Wealth Fund, and venture capitalists such as Insight Partners. Duggal took the position consistently,

Builder.ai was founded in 2016 by Sachin Dev Duggal, a tech entrepreneur who promised to make building smartphone apps as easy as ordering a pizza, no code required. The company raised more than $450 million from heavyweights, including Microsoft, Qatar's Sovereign Wealth Fund, and venture capitalists such as Insight Partners. Duggal took the position consistently,

chief wizard, and was treated as such on the international circuit as recently as last year. He was named an EY World Entrepreneur of the Year and hosted events with celebrities at Davos. But even as Dougal hobnobbed with the A-list in ski chateaus, cracks were beginning to form in Builder AI's promise.