How Investors Are Capitalizing on AI’s Insatiable Appetite for Energy ...Middle East

About a month ago, Google admitted in its annual sustainability report that its emissions had climbed by nearly 50% over the five years since 2019. The reason: data centers and artificial intelligence. Microsoft has also seen a massive increase in its electricity consumption—it has doubled since 2020, driven by Big Tech’s AI race. Its emissions, like Google’s, also rose substantially, by 42%. But investors are watching the consumption trend and buying power utility stock. Those may be the next market darlings. Inflows into utility…

Hence then, the article about how investors are capitalizing on ai s insatiable appetite for energy was published today ( Tuesday 06/08/2024 - 03:08 AM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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