Jim Rickards predicts AI collapse without new energy sources

Jim Rickards, a former CIA insider, believes that artificial intelligence (AI) and finance could collapse within five years due to a serious energy crisis. He warns that as AI data centers grow, they will consume vast amounts of electricity. Some centers use more electricity than entire cities. If this trend continues, it could devastate major tech companies and crash the stock market, potentially harming the entire economy. Rickards emphasizes that many cities around the world are already struggling with power supply issues. Cities like Amsterdam and Singapore have stopped allowing new data centers because the demand is too high. London has even paused new home construction until 2035 to manage energy needs. To solve this problem, Rickards advocates for "Nuclear 2.0," which refers to Small Modular Reactors (SMRs). These reactors are designed to be safer and more efficient than traditional nuclear plants. They are easier and cheaper to build, require less space, and have a long refueling cycle. Rickards suggests that former President Donald Trump will support the rollout of SMRs when he returns to office. He predicts Trump will emphasize the need for more electricity to support AI and push for advanced nuclear energy solutions. Jim Rickards has a long history in finance and government advising roles, with experience in predicting significant geopolitical events. He has authored several bestselling books and often shares his insights on major news platforms.