> cheap energy is will power the next AI boom

This is already happening, that and the crypto boom from a few years ago.

> and lift the poor and middle class up

But this is not happening; the ones doing AI stuff, crypto stuff, energy stuff have no interest in lifting any classes up. Energy prices are not going down, because demand is going up alongside supply, to the point where in some places the energy grid can't keep up. At-home solar and EVs are putting strain on the residential grids, even the newly built ones that have been reinforced 4x compared to the power grid of 10, 20 years ago.

Thorium reactors will cost billions and decades to build, even if you can find a location, get past the legal hurdles, the societal outrage, NIMBYism, etc. Meanwhile, you can get solar panels from your local DIY store, or order a pallet of them off the internet for cheap. Anyone with roof or field space can build themselves a solar farm, but nuclear or thorium reactors are huge, nationwide and political investments.

Modern nuclear reactors used to be huge, but that’s outdated now. The revolution in small modular reactors promises to change all that.

In capitalism, we innovate for more profit. We don’t innovate to get random people wealthy.

High EROI = high profit for investors