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AI Executives Flag Chip Shortages And Energy Limits At Milken Conference

Unpacking The AI Ecosystem’s Bottlenecks

Leaders from across the AI supply chain outlined key constraints shaping industry development during a panel at the Milken Global Conference in Beverly Hills. Discussion focused on semiconductor supply, energy requirements for data centres and limitations in current AI architectures.

Silicon Shortages And The Race For Chips

Christophe Fouquet, Chief Executive Officer of ASML, said chip production remains constrained despite increased investment. He noted that demand from companies such as Google, Microsoft, Amazon and Meta continues to exceed supply, with shortages expected to persist for two to five years.

Data Centers And The Energy Imperative

Francis deSouza, Chief Operating Officer of Google Cloud, pointed to rising demand for computing infrastructure alongside growing energy constraints. He referenced exploration of alternative data centre models, including concepts for space-based infrastructure, while noting engineering challenges such as heat management and system efficiency.

Beyond Silicon: The Data And Real World For Autonomous Systems

Qasar Younis, Co-Founder and Chief Executive Officer of Applied Intuition, highlighted limitations in training data for autonomous systems. Real-world data across sectors such as automotive, defence and industrial applications remains difficult to replicate through simulation, creating gaps between model performance and real-world conditions.

Redefining Intelligence

Eve Bodnia, quantum physicist and founder of Logical Intelligence, presented energy-based models as an alternative to current AI systems. These models aim to capture underlying data structures more efficiently and may be applied in areas requiring modelling of physical systems.

Building Trust With Digital Workers

Dimitry Shevelenko, Chief Business Officer at Perplexity, described the development of AI agents as “digital workers” integrated into enterprise environments. Focus remains on access controls, security layers and monitoring systems to manage how these agents operate within organisations.

The Intersection Of AI And National Sovereignty

Discussion also addressed geopolitical considerations linked to AI deployment. Younis said physical AI systems, including autonomous vehicles and drones, introduce regulatory and security challenges. Fouquet added that semiconductor manufacturing capacity remains a constraint in global competition, including in China.

Optimism And A Path Forward

When asked about the effect of AI on future generations’ critical thinking, panelists pointed to both risks and opportunities. Francis deSouza, Chief Operating Officer of Google Cloud, said advanced tools could support creative problem-solving across areas such as healthcare and infrastructure. Dimitry Shevelenko, Chief Business Officer at Perplexity, noted that entry-level roles are likely to change as automation expands, while broader access to technology enables more people to build and deploy new products.

Taken together, the discussion points to a system shaped by constraints in chips, energy and data, alongside continued changes in how AI models are designed and deployed. How these factors evolve will determine the pace of adoption and the range of practical applications across industries.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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