Latest / Elon Musk Podcast / OpenAI's Sam Altman invests in power startup for AI datacenters

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OpenAI's Sam Altman invests in power startup for AI datacenters · Elon Musk Podcast

• 0:00
  Hey everybody checking back to the Elon.
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  Musk. Podcast This is a show where we
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  discuss. The Critical.
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  Crossroads, the Shape SpaceX, Tesla X, The Boring Company, and
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  Neuralink. And I'm your host, Will Walden.
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  Android. And I want to let you know where
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  to continue finding the show. Over at YouTube Music, search
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  for Elon Musk podcast. There's a new company called
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  Exawatt. They're a forward thinking
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  renewable energy company and they're recently launched an
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  energy system tailored for powering large scale data
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  centers, A company by a substantial $20 million seed
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  investment. The financial backing includes
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  contributions from Sam Altman of Open AI, the CEO and the
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  company's flagship product. The Exawatt P3 introduces a
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  novel energy solution by combining a heat collector, A
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  heat. Battery.
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  And a heat engine. The Tri component system
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  facilitates the consistent supply of power and heat by
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  storing solar energy in a thermal battery, a method that
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  allows energy retention for up to 24 hours.
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  Now, these data centers, which are powering things like open
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  AI, need a ton of power, and that is why Sam Altman is one of
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  the financial backers, because they also need a lot of money to
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  get this startup off the ground, and Sam is trying to tap into
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  that power. For the power structure of Open
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  AI, Exawatt scales and technology.
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  Over time, the company projects that it could provide
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  electricity at cost potential as low as .01 cents per kWh.
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  Such pricing would position Exawatt as a more affordable
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  position option than both fossil fuels and other renewable
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  resources, potentially altering the competitive landscape of
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  energy sources altogether. Now, the shift to storing heat
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  rather than electricity sets Exawatt apart in the renewable
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  energy sector. It offers an economical
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  alternative to traditional electrochemical batteries,
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  sidestepping the reliance on rare earth minerals as well and
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  enabling around the clock energy dispatch regardless of external
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  conditions. Now the CEO and Co founder of
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  Exawatt showed that there's a shift and cost effective
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  deployment capability of the system.
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  He said Exawatt's modular system can be deployed rapidly and cost
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  effectively and it's available right now.
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  This year, they are ready to tackle immediate in escalating
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  energy demands from open AI and other data centers around the
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  country, especially those driven by the tech center.
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  Now the need for such innovative energy solution is showing that
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  there's a rapid expansion of AI tech with demand increasingly
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  significant amounts of power. Jack Abraham, Atomic CEO and Co
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  founder of Exawatt stressed this point, stating that exponential
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  growth rate of AI models, which double S every three months
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  significantly boosts the power requirements of these data
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  centers. And the participation of Sam
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  Altman's in this funding round is particularly significant
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  given his leadership role in Open AI, one of the lead
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  entities in the AI field. And Altman's investment is seen
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  not just as financial backing, but as a strategic alignment
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  with Exawatt's mission to power the next generation of AI
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  infrastructure substantially. Now Exawatt is the new leader in
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  this type of technology, Katherine Boyle general Partner
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  Ed Anderson Horowitz said. By committing to full US
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  manufacturing with domestically sourced components, this is
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  important. Domestically sourced components,
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  they want everything to be made in the United States.
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  Exawatt will significantly strengthen our national
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  infrastructure in resilience. As we all saw during the
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  pandemic, it was a difficult time to get parts.
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  It was a difficult time to get basically anything that was
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  imported from another country. So the resilience on
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  domestically sourced components is fundamental in keeping the
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  lights on for this power company now when it.
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  Reported. Demand backlog exceeded 500
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  megawatts for U.S. data centers. Exawatt is positioned to start
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  rolling out of systems later this year, aiming to capture a
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  substantial portion of the market very swiftly, and the
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  founders of Exawatt had on Provision and Jack Abraham bring
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  a mix of expertise and entrepreneurial experience from
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  the energy and technology sectors.
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  The backgrounds are instrumental in shaping the company's
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  strategic direction going forward and operational
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  capabilities. Abraham's role in founding and
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  developing Atomic into a prominent venture studio
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  underlines the innovative nature of Exawatt.
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  His history of identifying and nurturing companies that address
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  major global issues aligns with the foundational goals of
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  Exawatt. Now, the launch strategy focuses
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  on integrating advanced solar tech with cost effective thermal
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  storage to offer a reliable energy source for data centers.
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  It not only promotes sustainability, but it also
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  aligns with global energy conservation goals.
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  And to align with federal initiatives and reduce
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  dependency on international supply chains, particularly
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  those from China. Exawatt, of course, prioritizes
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  the use of US manufacturing components.
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  This strategy enhances the company's ability to subsidize
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  under recent climate legislation, while also
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  bolstering national energy independence.
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  The growing consumption of energy by the AI sector has a
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  critical challenge right now that Exawatt is addressing, and
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  the company's technology and strategic investor support,
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  including Sam Altman, signify a proactive approach to
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  substantial and economically viable energy solutions.
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  Altman's involvement brings additional credibility and
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  visibility. XO Watt, maybe they can get some
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  big name investors there, linking its technological
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  innovations directly with the needs of the AI industry, which
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  is under increasing pressure to mitigate its environmental
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  impact. Now, Exawatt's modular and
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  scalable technology is designed to adapt seamlessly to both
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  small and also large scale energy needs, providing A
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  versatile solution for the diverse requirements of modern
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  data centers and industrial facilities.
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