CandleFocus Electricity shortages thwart Russia’s AI ambitions, despite crypto mining bans
2024-11-27
Author: Content Editor
The article discusses how electricity shortages are causing problems for economies worldwide, including Russia. The energy-consuming activities of crypto mining and AI data centers are contributing to the shortage. Russia, which has been hosting events related to BRICS (Brazil, Russia, India, China, South Africa), is experiencing a growth in creative industries thanks to AI but is struggling to meet the increasing energy demands. The country has announced a cryptocurrency mining ban in energy-stressed regions in an attempt to alleviate the power situation. Other countries, such as South Africa and Iran, are also facing rolling blackouts due to energy shortages. The BRICS group aims to challenge Western dominance in technology and infrastructure, but Russia's power shortage is hindering its progress.
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