WEBVTT 00:00:00.666 --> 00:00:02.466 Hi Pattabi, lovely to see you. 00:00:02.466 --> 00:00:04.400 This is your first Davos isn't it? 00:00:04.666 --> 00:00:05.533 It is, Vaishali. 00:00:05.533 --> 00:00:06.566 It's my first Davos. 00:00:06.566 --> 00:00:09.966 I find it very interesting--quick and compact place for networking, 00:00:09.966 --> 00:00:14.000 understanding what's on people's minds, and hopefully contributing a little bit 00:00:14.000 --> 00:00:14.500 on energy. 00:00:15.300 --> 00:00:16.100 Fantastic. 00:00:16.100 --> 00:00:21.100 And given all the role that, well, AI, in general but now agentic is coming in, 00:00:21.100 --> 00:00:26.333 I can only see the compute needs going up even further and therefore the demands on 00:00:26.333 --> 00:00:28.866 energy going up even more substantially. 00:00:29.000 --> 00:00:29.900 What's your take? 00:00:29.900 --> 00:00:33.066 Will the energy companies be able to really fulfill this? 00:00:33.566 --> 00:00:35.366 It's seen as a big bottleneck right now. 00:00:35.500 --> 00:00:36.866 It is seen as a big bottleneck. 00:00:37.500 --> 00:00:39.333 You know, data centers were always a big business 00:00:39.333 --> 00:00:40.100 for energy companies. 00:00:40.400 --> 00:00:41.666 They used to grow 12%. 00:00:41.733 --> 00:00:46.433 Now they're going to be growing 16-17%. The need is going to double-- for the 00:00:46.433 --> 00:00:50.400 energy nerds out there, going from 60 gigawatts to 130 gigawatts. 00:00:50.466 --> 00:00:51.200 It's a big deal. 00:00:51.500 --> 00:00:53.766 So they're trying to prepare and do everything they can. 00:00:54.133 --> 00:00:56.166 It's going to be an all-of-the-above solution. 00:00:57.100 --> 00:00:59.133 So Vaishali, a question that comes up from energy 00:00:59.133 --> 00:00:59.533 companies. 00:00:59.533 --> 00:01:00.866 This is a lot of capital. 00:01:01.333 --> 00:01:03.666 Some are saying $1. 8 trillion of capital from the tech 00:01:03.666 --> 00:01:05.366 companies that's needed to pull this off. 00:01:05.733 --> 00:01:06.466 Are they serious? 00:01:06.466 --> 00:01:07.400 Can they make this happen? 00:01:08.366 --> 00:01:11.700 So I'll give you the factual part and then a fun fact. 00:01:11.700 --> 00:01:15.633 So we did a survey of 1, 800 execs around the world recently, 00:01:15.633 --> 00:01:18.733 in December, and we found that most are going to 00:01:18.733 --> 00:01:22.500 increase their spend by 60% on AI in the next three years. 00:01:22.800 --> 00:01:23.966 So the spend is real. 00:01:24.000 --> 00:01:26.100 Of course, the challenge is to realize value, 00:01:26.100 --> 00:01:29.600 which is going to be something that I think is a journey and will continue to 00:01:29.600 --> 00:01:29.933 evolve. 00:01:30.666 --> 00:01:35.066 And then, of course, there is, you know, this is not just the tech companies, 00:01:35.066 --> 00:01:38.933 even PE players are putting money in to provide the funding for the 00:01:38.933 --> 00:01:39.766 infrastructure. 00:01:39.933 --> 00:01:42.500 And then, on the fun fact, I'm sure you've heard of Stargate. 00:01:42.933 --> 00:01:46.066 So I think the energy companies really need to get ready here. 00:01:46.700 --> 00:01:50.600 But in your view, do you believe that there are other 00:01:50.600 --> 00:01:55.866 alternative ways that energy companies will innovate to get through this 00:01:55.866 --> 00:01:56.666 bottleneck? 00:01:57.566 --> 00:01:59.766 They're trying to throw everything that they can at this. 00:01:59.933 --> 00:02:03.866 There are dedicated teams at energy companies that are focused on data center 00:02:03.866 --> 00:02:05.166 demand and how to meet it. 00:02:05.566 --> 00:02:07.733 They're looking at all the full range of solutions. 00:02:07.733 --> 00:02:10.466 And so they're going to, they're as prepared as they're going to 00:02:10.466 --> 00:02:11.166 be at this stage. 00:02:11.500 --> 00:02:16.366 And by full range, you mean? Everything from renewables, gas, nuclear, 00:02:16.366 --> 00:02:19.100 geothermal, and also looking at all the 00:02:19.100 --> 00:02:22.900 sustainability solutions--carbon capture and so forth. 00:02:22.900 --> 00:02:25.466 So that's been the focus at energy companies. 00:02:25.466 --> 00:02:29.400 And actually the tech companies are doing their part as well, Pattabi. 00:02:29.400 --> 00:02:32.466 They're looking at ways to really, you know, 00:02:32.466 --> 00:02:37.833 even further optimize energy consumption, really re-engineer operations, etc., 00:02:37.833 --> 00:02:41.766 to see, you know, how they can do their bit here as well. 00:02:42.100 --> 00:02:44.000 So Pattabi, thank you for doing this. 00:02:44.000 --> 00:02:47.533 And really after 27 years, when we first met at new higher 00:02:47.533 --> 00:02:52.100 orientation and did our case team together, we got a chance to collaborate. 00:02:52.366 --> 00:02:56.166 And I love the fact that we're going to get to do a lot more together over the 00:02:56.166 --> 00:02:58.900 coming years because tech and energy are getting closer. 00:02:59.366 --> 00:03:00.066 Absolutely. 00:03:00.066 --> 00:03:00.666 Well said.