AI’s huge power needs give oil majors incentive to invest in renewables, says Adnoc boss

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Financial Times 2w ago

AI’s huge power needs give oil majors incentive to invest in renewables, says Adnoc boss - Financial Times

Quick Summary:

In a speech on Monday, Jaber said Adnoc’s technology arm, AIQ, had worked with Microsoft and the United Arab Emirates’ AI group G42 to develop software called EnergyAI.

Adnoc, one of the world’s largest oil companies, is also planning to roll out the next iteration of generative AI, so-called AI agents designed to act autonomously, across all of its operations.

Adnoc said its software could autonomously produce seismic analysis or detailed models of underground reservoirs to decide whether they could be suitable for trapping and storing carbon dioxide emissions.