RE: Gold g. nome6 Aug 2024 08:36
Goldgnome,
Whether you think AI is going to be the next big thing or not aside from Wall St. hot air it is making quite some impact in the world, not in a good way.
'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.'
www oilprice com/Energy/Energy-General/How-Investors-Are-Capitalizing-on-AIs-Insatiable-Appetite-for-Energy.html