Bitcoin mining companies are diversifying into AI and high-performance computing (HPC) data centres. While Bitcoin miners can adjust energy consumption quickly, AI and HPC operations require constant, massive energy supply. This high demand poses challenges for utility providers. Bitcoin mining facilities are significantly cheaper to build and run than AI/HPC data centres. To meet energy demands, tech giants are turning to nuclear power providers.
Palantir Technologies reported strong Q3 earnings, with its stock rising over 16%. The AI company raised its full-year revenue guidance, citing high demand for AI services.
OpenAI CEO Sam Altman stated GPT-5 is unlikely to be released in 2024 due to computing constraints, though other releases are planned. OpenAI launched a new search feature in ChatGPT and is improving its video and image models. The company recently secured $6.6 billion in funding, valuing it at $157 billion.
