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Nuclear energy is back in vogue thanks to AI's insatiable demand

Mint Mumbai

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November 22, 2024

AI poses a conundrum as it promises to worsen and help us address climate change at the same time

- JASPREET BINDRA

Nuclear energy is back in vogue thanks to AI's insatiable demand

Nuclear energy was the artificial intelligence (AI) of the 1960s. It generated unprecedented excitement and hype around the world. Despite its known dangers-Hiroshima and Nagasaki were quite recent back then-there was great optimism over how nuclear technology could change the world with abundant cheap energy, and free humanity from the tyranny of fossil fuels. Capturing this zeitgeist, US president Dwight D. Eisenhower delivered his famous *Atoms for Peace, speech at the United Nations in 1953, promising nuclear power for clean and abundant energy rather than for death and destruction. The US was particularly excited, as it rolled out nuclear power plants and submarines and even considered nuclear aircraft. But US euphoria gave way to panic when in March 1979 the reactor core of Three Mile Island Nuclear Generating Station at Pennsylvania suffered a partial meltdown. The ensuing alarm meant that this technology hit a big speed-bump. Nuclear tech never recovered. Multiple reactors closed and the share of nuclear power shrank. Today, most plants in the US are 30-5O years old and the cost of setting up new ones is prohibitive, with a recent one costing $35 billion.

MEER VERHALEN VAN Mint Mumbai

Mint Mumbai

Israel to relocate Jews from northeast

Israel’s government has approved a proposal to bring all the remaining 5,800 Jews from India’s northeastern region, commonly referred to as Bnei Menashe, over the next five years.

time to read

1 min

November 26, 2025

Mint Mumbai

IndoSpace Core acquires six logistics parks for over $300 mn

IndoSpace Core, a joint venture between the Canada Pension Plan Investment Board, or CPP Investments, and IndoSpace, has acquired six industrial and logistics parks valued at over $300 million.

time to read

1 min

November 26, 2025

Mint Mumbai

Businesses mustn't wait for a global climate consensus

This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.

time to read

3 mins

November 26, 2025

Mint Mumbai

Husk Power aims to raise $400 mn

Husk Power Systems, the world’s biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue 10-fold by 2030 and prepare for an initial public offering (IPO).

time to read

1 min

November 26, 2025

Mint Mumbai

Don't make AI models but make the most of what exists

Earlier this year, Amazon announced that it was eliminating 4,000 management positions because artificial intelligence (Al) tools had rendered those middle-management roles redundant.

time to read

3 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

The Federal Reserve’s tool for calming short-term funding markets is being tested

The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.

time to read

3 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

Wipro to enter pet foods with ‘HappyFur’

Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.

time to read

2 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

KKR strengthens its play in Lighthouse

Private equity firm KKR has made a fresh round of investment in Lighthouse Learning, along with new investor PSP Investments.

time to read

1 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

JioMart pulled up for uncertified walkie-talkies

India's top consumer watchdog has held Reliance JioMart guilty of misleading advertisements and unfair trade practices by allowing the sale of uncertified walkie-talkies on its platform, government officials aware of the matter said, in a first such action against an e-commerce portal.

time to read

1 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

Old medical history vs current claims: What do Irdai rules say?

My insurer has rejected my claim for acute motor axonal polyneuropathy, citing nondisclosure of resolved 2008 ankylosing spondylitis diagnosis. As it was fully cleared, I didn’t consider it relevant when buying the policy. Can insurers deny the claim on this basis, and what do Irdai rules say?

time to read

2 mins

November 26, 2025

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