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Big Oil wants to help Big Tech power artificial intelligence data centers - TL;DR CNBC

Big Oil wants to help Big Tech power artificial intelligence data centers

Publishing timestamp: 2024-12-14 07:22:54


Summary

Exxon Mobil and Chevron are entering the race to power artificial intelligence data centers by building natural gas plants and using carbon capture technology to reduce emissions. Tech companies are seeking more reliable sources of electricity for their growing power needs, with some turning to nuclear power. Exxon and Chevron are betting on natural gas as a quicker solution for the tech industry's energy needs.


Sentiment: MIXED

Tickers: GOOGMSFTCVXAMZNGOOGLXOMMETA

Keywords: chevron corpalphabet class ctechnologybreaking news: technologyexxon mobil corpmeta platforms incmicrosoft corpartificial intelligencebusiness newsenergyutilitiesamazon.com incalphabet inc

Source: https://www.cnbc.com/2024/12/14/big-oil-wants-to-help-big-tech-power-artificial-intelligence-data-centers.html


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