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OilPrice.com52d05/22

3D-Printed Copper Plates Could Cut Data Center Cooling Energy Use by 97%

The artificial intelligence boom is creating an energy monster that the world is unprepared and unequipped to deal with. Providing enough energy to fuel the AI ambitions of the future as well as to support human demand and development will require advances in energy technologies that are as-yet undiscovered. “There’s no way to get there without a breakthrough,” Sam Altman, co-founder and CEO of ChatGPT firm OpenAI, said at the 2024 World Economic Forum in Davos, Switzerland. More accurately, it

unclassifiedmiddle-east · russia · usa
OilPrice.com52d05/22

Oil Prices Rise as Iran Tempers U.S. Deal Hopes

Oil prices turned to a gain Friday after Iran poured cold water on growing market hopes for a near-term agreement with the United States, reminding traders yet again that optimism around diplomacy and reality on the ground are not always moving in the same direction. Brent crude rose 0.78%, while U.S. benchmark WTI climbed 0.20% to $96.54. The move reversed part of Thursday’s selloff, which briefly pushed both benchmarks to their lowest levels in nearly two weeks after comments from U.S. officia

unclassifiedmiddle-east · russia · usa
OilPrice.com52d05/22

AI Could Unlock $500 Billion for Oil and Gas Producers by 2030

Digitalization and artificial intelligence (AI) will create close to $500 billion in cumulative value for E&P companies between 2026 and 2030, according to Rystad Energy estimates. This value is captured through cost reductions from more efficient operations, production increases from higher uptime and increased recovery, and compressed development timelines. Cost reductions and production increases are the largest value pools and contribute roughly equally through 2030. Exploration and producti

unclassifiedmiddle-east · russia · usa
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