US to See $350 Billion Nuclear Boom to Power AI, Report Says

Soaring demand for electricity will drive a $350 billion nuclear spending boom in the US, boosting output from reactors by 63% by 2050, according to Bloomberg Intelligence.

The key driver is power-hungry data centers running artificial intelligence systems, and that investment will add 53 gigawatts of reactor capacity, bringing the total nuclear fleet to 159 gigawatts, the research company said in a report Monday.

While demand is on the rise for carbon-free fission power as the US races to meet a surge in electricity needs, costs remain high and construction will be slow. Nuclear developments have been hampered ...