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Stock impact report

Kinder Morgan Sees Artificial Intelligence (AI) Driving Growth, but Not How You Think [Yahoo! Finance]

Equitrans Midstream Corporation (ETRN) 
Last equitrans midstream corporation earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
This perhaps is not surprising, as companies from all types of different industries have waxed eloquent about how AI will help their businesses. Some of the uses of AI in non-tech industries have been pretty creative; Wendy's , for example, announced it would use AI to dynamically change menu prices throughout the day to help drive sales. In the future, Kinder Morgan might use AI to help monitor its pipelines for safety. Or perhaps it will use the technology for arbitrage opportunities, using AI to help better direct hydrocarbons through its system to get the best prices. But the big opportunity the company sees from AI at this moment is very different. AI applications consume a lot of power Kinder Morgan sees itself benefiting from AI because it consumes a tremendous amount of power. Generative AI in particular takes a lot of computing power, which is leading to more and bigger data centers. The company noted that one recent survey predicted electricity demand for data center Show less Read more
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