“AI is about to unlock a whole new wave of creators on the immersive and 3D front.” – 05:19
Trevor Harries-Jones, Board Member at Render Network Foundation, joins Remy Blaire to discuss the current state of the AI trade on Wall Street, highlighting a tough week for companies like Palantir, which, despite closing higher on Thursday, is still facing significant declines due to concerns over inflated valuations. However, many tech analysts remain optimistic, believing that the ongoing growth in AI spending will outweigh these short-term setbacks.
Trevor sheds light on the increasing strain that the AI race is placing on our power grid. He explains that the financial investment in centralized data centers has surged dramatically, now rivaling U.S. spending on office construction. With the demand for AI resources skyrocketing, Trevor emphasizes the need to tap into every available resource, including the millions of idle consumer GPUs that can be unlocked as technology evolves.