Microsoft's Nuclear Power Play: Can AI Revolutionize Energy for Tech Giants?
Portfolio Pulse from Anusuya Lahiri
Microsoft Corp (NASDAQ:MSFT) is exploring the use of nuclear power, leveraging AI to streamline regulatory approval processes for nuclear projects. The tech giant's interest in nuclear energy is driven by the high energy consumption of data centers and the need for carbon-free, constant electricity. Microsoft's AI approach, developed through its investment in OpenAI, aims to expedite paperwork and reduce approval times and costs. The company is also collaborating with Terra Praxis and has begun purchasing power from existing nuclear plants. MSFT shares saw a slight increase of 0.31% to $372.45.
December 12, 2023 | 6:36 pm
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Microsoft is investigating nuclear power options and using AI to simplify nuclear project approvals, which could enhance its sustainability and operational efficiency.
Microsoft's exploration of nuclear power and AI-driven regulatory streamlining indicates a strategic move towards sustainable energy, which is likely to be viewed positively by investors concerned with corporate responsibility and innovation. The slight increase in share price suggests a modest but positive market reaction in the short term.
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