(Oil Price) – AI could cause a catastrophic collapse of under-prepared electric grids and walk back advancements in the decarbonization of the tech industry – or, it could be the sector’s saving grace. Artificial Intelligence requires a stunning amount of energy to train and power its complex computations. As the sector explodes, the computational power necessary to sustain its growth is doubling
(World Oil) – Palantir Technologies Inc. and APA Corporation announced a multi-year, multi-million-dollar extension to their enterprise agreement originally signed in 2021. The agreement builds on the work deployed across APA’s global portfolio over the past three years and introduces new artificial intelligence capabilities with Palantir’s Artificial Intelligence Platform (AIP) software. Over the past three years, Palantir has partnered with
World Oil (WO) — Global energy technology company SLB is building on its long-standing collaboration with NVIDIA to develop generative AI solutions for the energy industry. The collaboration accelerates the development and deployment of industry-specific generative AI foundation models across SLB’s global platforms, including its Delfi digital platform and Lumi data and AI platform, by leveraging NVIDIA NeMo, part of
(Oil & Gas 360) – According to McKinsey and Company’s 2024 Global Energy Perspective, released earlier this week, the world is failing to reach the CO2 reduction targets outlined in the Paris Agreement nine years ago. The study examines the financial, policy, technological, and infrastructure progress on the “1.5 Degree Pathway,” which outlines steps to limit global warming to
(Oil & Gas 360) – Houston assumes its familiar role as global energy leader for four days this week for The Gastech Climatetech & AI Conference Sept. 17-20. About 50,000 attendees and 800 companies from 125 countries are expected to hear about progress on the group’s mission to “foster the development of green molecules and electrons within a new energy
U.S News U.S. technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding artificial intelligence and cloud computing data centers. Those data centers are driving the fastest U.S. power demand growth since the start of the millennium, outpacing grid expansions and leaving giant technology companies, like
Oil and Gas 360 “Knowledge workers” anticipating a cheap energy/low emissions post-industrial work-from-home economy are having to confront the need for more industrial production of natural resources and infrastructure as the energy needs for the data centers making their work possible via the internet, cloud and now Artificial Intelligence (AI) are growing exponentially. Data centers are increasingly recognized as another
Yahoo Finance U.S. electric utilities predict a tidal wave of new demand from data centers powering technology like generative AI, with some power companies projecting electricity sales growth several times higher than estimates just months earlier. Nine of the top 10 U.S. electric utilities said data centers were a main source of customer growth, leading many to revise up capital
Oil and Gas 360 Energy Shots By Mobius Risk Group Summary: The New Era of Power Demand Growth: Two decades of sub-1% annual growth in electricity consumption is nearing its end as AI-fueled power demand sets a new course for the U.S. generation fleet. Forecasts from institutions like the IEA see global power demand from data centers, AI, and cryptocurrency
World Oil (Bloomberg) – From a dark Houston control room, Rafael Guedes watched on a monitor as a robot took charge of a drilling rig in a North Dakota oil field, locking out the human operator. Glowing red boxes lit up the screen as an artificial intelligence program took over the distant Nabors Industries Ltd. rig, beaming instructions by satellite
Urbint New York – March 4, 2021 – Urbint, the leading AI platform preventing threats to infrastructure and workers in the field, received a strategic investment from Blue Bear Capital, which invests in high-growth technology companies across the energy, infrastructure, and climate sectors. Urbint will use the investment to meet rapidly growing demand for its technology. Blue Bear Capital will
CNBC Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels worldwide. The pledge came after a Greenpeace report on Tuesday highlighted how Google, Microsoft, and Amazon use AI and warehouse servers to help the likes of Shell, BP, and ExxonMobil to locate and retrieve oil and gas deposits from the earth. A Google spokesperson confirmed to CNBC
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