WASHINGTON: Pipeline networks and nuclear startups. Texas landowners and fuel-cell makers. In one brutal blow, DeepSeek has revealed just how many energy-related businesses in the United States have been banking on an artificial intelligence (AI) boom – and the surge in power demand it was supposed to bring.
For the past year, their growth expectations and share prices were boosted by the belief that AI would require an unprecedented wave of data centre construction, with some centres needing as much electricity as entire cities.
