The artificial intelligence (AI) race is intensifying as companies push to develop high-performance models, with Alibaba (BABA) unveiling a new AI model that may rival DeepSeek. This surge in competition is influencing various industries, including energy.
Amir Orad, CEO of Kraken, a company that provides AI-powered operating systems for energy utilities, joins Catalysts hosts Madison Mills and Seana Smith to discuss the impact on energy systems.
“We’re seeing an arms race in the AI market, which may be actually good for consumers at the end because we get better and better technologies,” Orad says.
He notes that AI has “two roles to play” when it comes to energy: creating “more capacity in the networks” and optimizing the energy grid to enhance and streamline consumer experience.
Orad emphasizes the importance of these roles by highlighting the US’s increasing energy demands. “For the last 20 years, the US energy capacity was more or less flat. Now it’s spiking up,” he adds.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here: https://finance.yahoo.com/videos/series/catalysts/
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