Artificial Inteligence

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Alphabet to Buy Clean Energy Developer Intersect in $4.75 Billion Deal Amid AI Push

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

Dec 22 (Reuters) – Alphabet (GOOGL.O) said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence. Big Tech has ramped up investments in energy firms as U.S. power grids struggle …

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US Energy Department Signs AI Collaboration Deals with Big Tech for Genesis Mission

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(Reuters) – The U.S. Department of Energy said on Thursday it has signed agreements with 24 organizations, including tech giants such as Microsoft, Google and Nvidia, to advance the Genesis Mission. The mission is a national program aimed at using artificial intelligence to accelerate scientific research and strengthen U.S. energy and security capabilities. The department said …

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TotalEnergies Wins 21-Year Deal to Power Google Data Centres in Malaysia

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Dec 16 (Reuters) – France’s TotalEnergies (TTEF.PA) said on Tuesday it had signed a 21-year power supply deal with Alphabet’s Google (GOOGL.O), pledging to supply 1 terawatt hour of renewable energy to support its data centres in Malaysia. The French energy major said the power would be generated by the new Citra Energies solar plant …

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SLB, Shell Partner to Develop AI-Powered Solutions for Energy Industry

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(Reuters) – SLB said on Thursday that it was partnering with Shell to develop digital and artificial intelligence tools aimed at improving performance and efficiency across upstream operations. Shell and SLB will develop agentic AI-powered solutions designed to enhance the capabilities of technical experts and decision makers for Shell as well as the wider energy …

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Canada Open for AI Data Centres After Carney’s Energy Shift, Capital Power CEO Says

Artificial Inteligence, CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas / By

Suspension of clean energy regulations will make it possible to build new gas-fired power plants to support large data centres By Robert Tuttle Capital Power Corp.’s top executive says it will become possible to build new gas-fired power plants to support large data centres in Alberta after the Canadian government relaxed environmental standards for electricity. …

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NextEra Energy, Google Cloud Expand Deal to Add US Capacity

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(Reuters) – NextEra Energy  said on Monday it has expanded its partnership with Google Cloud to scale up data center capacity by multiple gigawatts and boost energy infrastructure across the U.S. Shares of the company were up 2.3% in premarket trading. The deal comes as U.S. electricity demand grows due to rapid AI adoption, prompting cloud …

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US Eyes Diesel Generators to Meet Growing AI Power Demand

Artificial Inteligence, Energy Topics & Technology, Latest, US News / By

By Ari Natter and Josh Saul Generac Holdings Inc. generators at a warehouse in Glenview, Illinois. Photographer: Tim Boyle/Bloomberg The US is looking to tap the nation’s network of large industrial diesel generators used at data centers, big box stores and elsewhere to help curb rising electricity costs and support the surge in power demand …

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KEEPING COOL: Heat a Key Challenge for Data Centers and AI

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest / By

(Reuters) – The global boom in data centers as companies increasingly outsource information storage and ramp up use of energy-intensive artificial intelligence is creating a key challenge for the industry – how to keep cool. An outage at the world’s biggest exchange operator CME Group from late Thursday that halted trade on its popular currency platform and …

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Reliance Industries, JV Partners to Invest $11 Billion in India AI Data Capacity

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A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data capacity in the southern Indian state of Andhra Pradesh, the companies and the state’s government said on Wednesday. Canadian multinational company Brookfield Corporation and U.S.-based real estate investment trust Digital Realty are the other partners involved …

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UAE to Invest up to $50 Billion in Canada in Industries Such as AI, Energy

Artificial Inteligence, CDN and International News, Energy Topics & Technology, Latest, LNG, Oil / By

The United Arab Emirates said on Friday it will invest up to $50 billion in Canada under a framework that includes projects in artificial intelligence, energy, and mining sectors. The UAE has been looking to expand its energy investments abroad, especially through its recently launched firm XRG, the foreign investment arm of Abu Dhabi’s oil …

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