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Goldman: CN Large-Scale Power Capacity Construction Favors Leading US in AI Race
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China's large-scale construction of power capacity will enable the country to take the lead over the US in the wrestle to expand data centers and promote AI development, Goldman Sachs report said. After experiencing multiple power shortages in 2021 and 2022, China has been vigorously advancing power construction, leading the world in the deployment of renewable energy, coal-fired power plants, and nuclear reactors, report mentioned. It is expected that China will have approximately 400 gigawatts of spare power capacity by 2030, three times the projected global data center demand, providing ample space for future development. AASTOCKS Financial News Website: www.aastocks.com |
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