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Elevating The Discourse On AI’s Resource Demands: A CEO’s Perspective

OpenAI Inc. CEO Sam Altman dismissed recent criticisms regarding the environmental footprint of artificial intelligence at the India AI Impact summit in New Delhi. In an incisive interview with The Indian Express, Altman refuted claims that AI systems, such as ChatGPT, consume excessive amounts of water per query, labeling these assertions as unfounded and disconnected from reality.

Challenging Prevailing Misconceptions

Altman said many discussions around AI water usage overlook changes in data center technology. While traditional facilities relied heavily on water-based cooling, newer systems increasingly use alternative cooling methods. He pointed to industry developments, including water-free cooling approaches, as evidence of ongoing efficiency improvements.

Reframing The Energy Debate

Altman acknowledged that overall energy consumption remains a legitimate issue as AI adoption expands. Although energy use per individual query may be low, large-scale deployment increases total demand. He said long-term growth will require broader use of sustainable energy sources, including nuclear, wind, and solar power.

Human Versus AI: A Comparative Analysis

Addressing comparisons between AI systems and human learning, Altman argued that energy discussions often ignore the biological cost of human learning over decades. He said that once an AI model is trained, the energy required for inference is relatively low per interaction, suggesting that comparisons should consider lifecycle differences.

Navigating The Future Of Data Centers

Industry forecasts from organizations such as Xylem and Global Water Intelligence suggest that water use for data center cooling could rise significantly over the coming decades. At the same time, governments are accelerating approvals for energy projects to support growing computing demand. Some environmental groups have raised concerns that rapid expansion could conflict with net-zero targets, while local opposition has also affected new data center developments, including a cancelled project in San Marcos, Texas.

Conclusion: A Strategic Call For Diversification

As AI adoption expands, industry leaders emphasize the need for diversified energy sources to support growing compute demand. The integration of renewable and nuclear power is increasingly viewed as essential for maintaining stable infrastructure while scaling AI systems. The long-term focus remains on balancing computational growth with sustainable energy and resource management.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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