Explore the trillion-dollar data center investment boom driven by AI's exponential growth and examine how the urgent need for cheap, clean, and abundant energy is reshaping the technology landscape in this 50-minute conference talk from the World Economic Forum. Discover how AI developers are pursuing hydroelectric, nuclear, and geothermal energy sources to power massive computational infrastructure, fundamentally transforming global energy systems. Analyze the strategic implications of this energy race for AI's future development phases and investigate emerging business models designed to sustain this unprecedented computational demand. Gain insights into how the intersection of artificial intelligence and energy infrastructure is creating new economic paradigms and reshaping industrial priorities worldwide.