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-0.000202643370184349 -5.62898250511725E-05 -0.000495350460450702 -0.000720509760655649 -0.00294958683268413 -0.00369261252336025 -0.00213901335194648 -0.00103573278094247
Stock impact report

AI's massive appetite for energy will make or break climate-change goals [Fortune]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Fortune
“What the climate and energy sector is facing with AI is not unlike what we're facing across the board with AI. It's extremely complicated, and it's just a question of, ‘Will the benefits outweigh the harms?'” Austin Whitman, CEO of nonprofit The Climate Change Project, told Fortune. The key issue is AI's massive appetite for energy. AI will command a huge scaleup in power-generation capacity, a transition that's already begun. Microsoft , the very firm powering the AI revolution with its $10 billion investment in OpenAI, signed a colossal $10.5 billion deal with renewable energy provider Brookfield last week . Other AI leaders are investing in energy startups, pitching everything from thermal batteries to modular nuclear reactors After years of low-to-no growth, power utilities are facing skyrocketing increases in demand from data centers that host and train AI models— industry insiders have floated potential ninefold spikes in some regional markets . Aging energy infrastructure Show less Read more
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