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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.

Web Summit 2026 Brings 70,000 Participants From 164 Countries To Lisbon

Around 70,000 people from 164 countries attended this year’s Web Summit in Lisbon, with China sending its largest delegation to the event so far. More than 50 representatives from the country’s artificial intelligence and robotics sectors took part, reflecting China’s growing presence in technologies reshaping manufacturing and services.

Founded in Dublin in 2009, Web Summit moved to Lisbon in 2016 and has since developed into one of Europe’s major technology conferences. The event brings together start-ups, investors and industry leaders, providing a platform for companies to present new technologies and explore business opportunities.

This year’s gathering also highlighted China’s expanding influence in the global technology industry, a trend noted by Web Summit founder Paddy Cosgrave.

Storm Charles Interrupts Conference Programme

The summit’s schedule was disrupted on November 11, when Storm Charles forced organisers to cancel activities for the day. The programme resumed on November 12, allowing the event to conclude as planned.

Despite the interruption, this year’s Web Summit highlighted several key developments shaping the technology sector, including advances in robotics and automation, intensifying international competition and continued demand for platforms connecting businesses with investors.

For Lisbon, the conference remains an important international technology gathering, bringing together companies and decision-makers while showcasing innovations moving towards commercial application.

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