The energy world appears to have shrugged off investor doubts that emerged over the AI-power narrative in January, when Chinese startup DeepSeek released a chat bot purported to use just a fraction of the electricity required by established US rivals. — Photo by Solen Feyissa on Unsplash
While tariffs and macroeconomic concerns weighed on the outlook for oil at a major energy conference in Houston this week, the mood around artificial intelligence and its sky-high power needs could scarcely be different.
For a second year, energy executives at the CERAWeek by S&P Global gathering hailed the looming data centre requirements for AI as both a huge challenge and a once-in-a-generation opportunity.
