Kevin O'Leary betting big on AI, but he is not spending millions on technology stocks
Canadian entrepreneur Kevin O’Leary is directing his investment focus towards energy infrastructure over technology stocks. He asserts that the future of artificial intelligence hinges on reliable electricity generation, particularly from uranium and natural gas. Drawing attention to Google's $3 billion energy deal in Finland, O’Leary underscores the tech sector's growing emphasis on sustainable…
Kevin O'Leary, a Canadian billionaire, asserts that he is heavily investing in artificial intelligence (AI) but is not allocating significant funds to technology stocks. Instead, O'Leary's focus for the next 36 months is on energy infrastructure, primarily electricity production and uranium. He explains that he is taking an indirect approach to AI investments, preferring to back the foundational elements of AI — power generation.
According to a report by Benzinga, O'Leary elaborated on this strategy during an appearance on the Stock Sharks: The Deep End podcast. He described himself as a "picks and shovels guy," emphasizing his preference for investing in the essential components of AI rather than individual AI tech stocks. O'Leary highlighted a recent $3 billion agreement in Finland, where Google secured a long-term power contract from a local utility.
While this deal has little direct relevance to AI or data centers, O'Leary views it as an indication that tech giants are prioritizing energy access as a strategic asset, independent of their AI ambitions.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
