The real race to Artificial Intelligence is about cheap electricity. Here's how that's going.

Affordable electric power is the most important constraint facing companies in the AI space.

The cost of AI is converging to the cost of electricity, and the BRICS countries produce new sources of electric power far faster, and far cheaper, than Western countries.

This has profound implications for the coming decades, as China and Russia expand their fleets of nuclear plants.

Globally, nations seeking to develop their own economies will realize the deep advantages in Chinese power plant construction, and Russian uranium supply chains, and build their partnerships accordingly.

Closing scene, Ningbo, Zhejiang

Resources and links:

Where the U.S. Gets Its Enriched Uranium
https://elements.visualcapitalist.com/where-the-u-s-gets-its-enriched-uranium/

China Generated More Electricity in 2024 Than the U.S., EU, & India Combined
https://www.voronoiapp.com/energy/-China-Generated-More-Electricity-in-2024-Than-the-US-EU--India-Combined-5260

X, Arnaud Bertrand
https://x.com/rnaudbertrand/status/1924283058519515485

Reuters, EDF's UK Hinkley Point nuclear plant start date delayed again, costs mount
https://www.reuters.com/business/energy/edfs-nuclear-project-britain-pushed-back-2029-may-cost-up-34-bln-2024-01-23/

FORM 10-Q, The Southern Company
https://s27.q4cdn.com/273397814/files/doc_financials/2024/q3/7b5aa5c3-65a1-46f4-a186-b63385f82e11.pdf

EIA, Plant Vogtle Unit 4 begins commercial operation
https://www.eia.gov/todayinenergy/detail.php?id=61963

X, Sam Altman says "eventually, the cost of AI will converge to the cost of energy."
https://x.com/vitrupo/status/1920883714927558872

OpenAI CEO Sam Altman testifies on AI competition before Senate committee — 5/8/2025
https://www.youtube.com/live/jOqTg1W_F5Q

Amazon signs nuclear energy deal to power AI data centers
https://cointelegraph.com/news/amazon-nuclear-energy-deal-power-ai-centers

MIT Technology Review, Can nuclear power really fuel the rise of AI?
https://www.technologyreview.com/2025/05/20/1116339/ai-nuclear-power-energy-reactors/

SMR stocks skyrocket as Trump backs nuclear tech and AI demand soars
https://www.capacitymedia.com/article/smr-stocks-trump-nuclear-tech-ai

America’s AI future hinges on nuclear energy
https://www.utilitydive.com/news/americas-ai-future-hinges-on-nuclear-energy/747395/

Cost of Electricity by Country 2025
https://worldpopulationreview.com/country-rankings/cost-of-electricity-by-country