The majority of big artificial intelligence companies are pouring huge amounts of energy and resources into AI in the hope of creating a more efficient and automated future. However, throwing large volumes of data at machine-learning algorithms and using vast amounts of processing power is neither efficient nor futureproof. Algorithms were never developed with efficiency in mind, so focusing on this aspect is a vital step towards avoiding another ‘AI winter’.
The energy consumption required for mining and managing Bitcoin has been in the media spotlight for years now. The energy usage of crypto transactions has even been compared to that of countries the size of Greece, a country with a population of over 10 million people. The response of environmental organisations and the public on social media has been huge, and rightly so, especially when geopolitical tensions are creating uncertainties on global energy markets and the climate crisis demands immediate...