News Formal

Big Tech has a problem thanks to energy-gobbling AI. These stocks may help solve it

  • 📰 CNBC
  • ⏱ Reading Time:
  • 2 sec. here
  • 18 min. at publisher
  • 📊 Quality Score:
  • News: 60%
  • Publisher: 72%

Alternative And Sustainable Energy News

Microsoft Corp,Alphabet Inc,Sika AG

Morgan Stanley is recommending a suite of stocks that can help the tech sector move away from relying on fossil fuels while also building out its data centers.

The tech sector faces a moment of truth in its ambitious climate targets, as the growing power needs of artificial intelligence data centers jeopardize the industry's promise to slash carbon emissions. Alphabet 's Google unit reported last week that its greenhouse gas emissions rose 13% in 2023 compared to the prior year, "primarily due to increases in data center energy consumption and supply chain emissions.

mountain Holcim ADRs in 2024.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

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.

Why Big Tech Is Pumping Big Money Into Companies Pulling CO2 From the AirA wave of funding announcements from Microsoft, Salesforce and other tech giants pours millions into new projects to pull CO2 directly from the air.
Source: Newsweek - 🏆 468. / 52 Read more »

Tech boom: BlackRock doubles down on AI and U.S. tech companiesTech boom: BlackRock doubles down on AI and U.S. tech companies
Source: Investingcom - 🏆 450. / 53 Read more »