Data center operators may cut supply agreements directly with natural gas companies to meet the growing power demands of the artificial intelligence boom, CNBC's Jim Cramer predicted Wednesday. It may not be far off. In fact, the CEO of oil-and-gas producer Coterra Energy told Cramer the company is considering whether to do just that. "We're looking at that long and hard. ... I think many of our peers are," Coterra chief Thomas Jorden said Tuesday night on "Mad Money.
mountain Coterra Energy vs. Natural Gas YTD Electricity demand in the U.S. is expected to grow considerably in the coming years as more data centers are built to handle the rise in artificial intelligence computing. In general, AI tends to be more power-intensive than traditional computing. Companies such as Microsoft — another Club holding and a leading player in AI — have signed deals to secure renewable energy supply for their data centers.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: NBCLA - 🏆 319. / 59 Read more »
Source: NBCNewYork - 🏆 270. / 63 Read more »
Source: NBCLA - 🏆 319. / 59 Read more »