Despite investors’ rising concern that possible recession may force tech companies to change their plans significantly on constructing artificial intelligence data centers, officials from Amazon and Nvidia both confirmed that is not the case.
This message came from Kevin Miller, Amazon’s vice president of global data centers, and Josh Parker, Nvidia’s senior director of corporate sustainability, both attended a conference organized by the Hamm Institute for American Energy.
Comments from two tech-giant executives came after Wells Fargo wrote in its analysis paper, stating that Amazon Web Services is suspending some leases on data center commitments. However, Miller dismissed it, stating that they have overanalyzed.
There is also a concern that the energy’s demand may drop, citing DeepSeek’s AI that requires less energy compared to others. Nonetheless, Parker highlighted that the energy’s demand remains strong and rising.
Jack Clark, Anthropic co-founder, also supported Parker’s message, stating that by next two years, AI will need as much as 50 gigawatts of new capacity to run, equivalent to about 50 new nuclear plants.
Several other executives also attended the conference to discuss the U.S. growing need for energy for AI. Many of them agree that natural gas is the answer to help the nation meet the demand.
