QuikReader

QuikReader

  • Latest
  • Top stories
  • Business
  • Tech
  • World
  • Politics
  • Sports
  • Lifestyle
  • Health
  • Science
  • Entertainment
  • More
    • Sources
Sign in
  1. Business
  2. Sources
  3. The New York Times
  4. NYT > Business

Chevron Wants to Tap Into A.I. Boom by Selling Electricity to Data Centers

Chevron Wants to Tap Into A.I. Boom by Selling Electricity to Data Centers The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology companies for artificial intelligence and other services.
Read more at The New York Times
  Save story

Topics

  • Data Centers
  • Centers
  • AI
  • Trump
  • Billion

Related

  • Blackstone Still Bullish on A.I. Data Centers Despite DeepSeek

    Blackstone Still Bullish on A.I. Data Centers Despite DeepSeek

    Blackstone, a major global investor in data centers that run A.I. systems, expects use of the technology to rise as the cost of computing power falls.
    The New York Times - 1d

  • SoftBank wants a piece of the AI pie

    Japanese group considering $25bn investment into OpenAI
    Financial Times - 1d

  • Victoria’s Secret taps retail veteran as new CFO, but stock sells off

    Victoria’s Secret is facing customers who are dealing with higher costs for more pressing needs.
    MarketWatch - 2d

  • Chevron, GE Vernova aim to fuel power-hungry AI. DeepSeek throws that in question.

    Chevron and GE Vernova are trying their hand at supplying power to data centers, just as China’s DeepSeek may upend that play.
    MarketWatch - 3d
  • Essential principles to produce and consume data for AI acceleration

    Essential principles to produce and consume data for AI acceleration

    VB LAB INSIGHTS: This is a VB Lab Insights article presented by Capital One. AI offers transformative potential, but unlocking its value requires strong data management. AI builds on a solid data ...
    VentureBeat - 3d
  • Data Centers Have a Cooling Problem—These Companies Are Solving It

    Data Centers Have a Cooling Problem—These Companies Are Solving It

    3D Architech and Apheros are working on innovative solutions to make those big AI brains more sustainable.
    Inc. - 4d
  • Big Tech Wants Data Centers Plugged Directly into Power Plants. Utilities Don’t

    Big Tech Wants Data Centers Plugged Directly into Power Plants. Utilities Don’t

    If data centers connect direct to the utilities, it raises questions about the grid.
    Inc. - 5d
  • Big Tech wants to plug data centers right into power plants. Utilities say it's not fair

    Big Tech wants to plug data centers right into power plants. Utilities say it's not fair

    Looking for a quick fix for their fast-growing electricity diets, tech giants are increasingly looking to strike deals that would let them plug directly into power plants
    ABC News - 6d
  • So, you want my data? What’s in it for me?

    So, you want my data? What’s in it for me?

    Data collection doesn’t just generate value for the company that gathers it. It also imposes a cost on the data subject.
    The Hill - 6d

  • Meta Spending to Soar on AI, Massive Data Center

    The social-media giant plans to spend between $60 billion and $65 billion, the latest sign of tech companies’ accelerating investments into artificial intelligence.
    The Wall Street Journal - Jan. 24
  • Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project

    Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project

    Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two billionaires ...
    ABC News - Jan. 23

  • SK Hynix profits beat Samsung’s for first time on AI boom

    South Korean chipmaker expects sales of high-bandwidth memory products to more than double this year
    Financial Times - Jan. 23

  • Nvidia Supplier SK Hynix Posts Record Profit on AI Boom

    The South Korean memory-chip maker reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.
    The Wall Street Journal - Jan. 22
  • South Carolina Utility Wants to Sell Unfinished Nuclear Power Site

    South Carolina Utility Wants to Sell Unfinished Nuclear Power Site

    The utility, Santee Cooper, is trying to sell two nuclear reactors that it abandoned in 2017 as tech companies seek new sources of electricity for data centers.
    The New York Times - Jan. 22
  • Trump announces 'Stargate' AI infrastructure project with 'colossal data centers'

    Trump announces 'Stargate' AI infrastructure project with 'colossal data centers'

    President Trump is joined by Larry Ellison, Masayoshi Son and Sam Altman to announce a new American company that will invest $500 billion in AI infrastructure.
    NBC News - Jan. 21
  • Trump announces $500 billion investment in 'colossal' AI data centers

    Trump announces $500 billion investment in 'colossal' AI data centers

    The 47th president is meeting with congressional leaders this afternoon and plans to deliver remarks from the White House later today.
    NBC News - Jan. 21

  • LogicMonitor equips CIOs to lead the new era of AI-optimized data centers

    Observability is essential as AI introduces new challenges for data centers. With Observability, CIOs can monitor, analyze and optimize in real time, ensuring systems remain scalable, reliable, and ...
    CBS News - Jan. 21
  • General Motors Is Banned From Selling Driving Behavior Data for 5 Years

    General Motors Is Banned From Selling Driving Behavior Data for 5 Years

    An investigation by the Federal Trade Commission determined that consumers had not been aware that the automaker was providing their driving information to data brokers.
    The New York Times - Jan. 17
  • Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

    Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

    Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom
    ABC News - Jan. 16
  • Biden Issues Executive Order to Ensure Power for AI Data Centers

    Biden Issues Executive Order to Ensure Power for AI Data Centers

    The rapid growth and huge electricity needs spawned by the artificial intelligence revolution spurs a directive to lease federal sites owned by Defense and Energy departments for power supply centers.
    Inc. - Jan. 14
  • A company that tracks and sells Americans' location data has seemingly been hacked

    A company that tracks and sells Americans' location data has seemingly been hacked

    A company that tracks American location data through smartphones has been hacked by Russian cybercriminals, according to cybersecurity researchers
    NBC News - Jan. 10
  • Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals

    Trump Blurs Lines in $20 Billion Data Center Announcement and Other Deals

    Even before the start of the new administration, there has been repeated blurring of lines between the federal government efforts and Trump family businesses.
    The New York Times - Jan. 7
  • OpenAI's Sam Altman urges Trump to ease power plant, data center construction

    OpenAI's Sam Altman urges Trump to ease power plant, data center construction

    OpenAI CEO Sam Altman suggested that President-elect Trump should ease restrictions on data center and power plant construction to help boost the development of energy-intensive artificial ...
    The Hill - Jan. 7
  • Emirati billionaire investing $20B in US to build data centers

    Emirati billionaire investing $20B in US to build data centers

    President-elect Trump announced Tuesday that Emirati billionaire Hussain Sajwani plans to invest $20 billion in the United States “over a very short period of time” to build data centers across the ...
    The Hill - Jan. 7

  • Trump announces Dubai company will invest at least $20 billion in U.S. data centers

    DAMAC Properties is the latest foreign investor to announce plans for the U.S. since Donald Trump's victory.
    CBS News - Jan. 7

  • Trump announces $20 billion foreign investment to build new U.S. data centers

    Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.
    CNBC - Jan. 7

  • Business leaders court Trump as UAE billionaire promises to spend $20 billion on U.S. data centers

    President-elect Donald Trump drew another expression of support on Tuesday, as a billionaire businessman from the United Arab Emirates, Hussain Sajwani, promised to spend at least $20 billion in ...
    MarketWatch - Jan. 7

  • Nvidia releases gaming chips for PCs, tapping AI features from data center GPUs

    At CES in Las Vegas, Nvidia showed that it's still focused on serving gamers even as the company's primary business is now in the data center.
    CNBC - Jan. 7
  • Nvidia’s $3,000 ‘Personal AI Supercomputer’ Will Let You Ditch the Data Center

    Nvidia’s $3,000 ‘Personal AI Supercomputer’ Will Let You Ditch the Data Center

    Nvidia CEO Jensen Huang also announced new AI tools for creating autonomous agents during a keynote address at CES.
    Wired - Jan. 7
  • Data Centers Need to Look Beyond Green Energy, Siemens Says

    Data Centers Need to Look Beyond Green Energy, Siemens Says

    Operators must find an alternative solution to the AI energy-consumption conundrum, Siemens’s Smart Infrastructure CEO said.
    The Wall Street Journal - Jan. 6
  • Phantom data centers: What they are (or aren’t) and why they’re hampering the true promise of AI

    Phantom data centers: What they are (or aren’t) and why they’re hampering the true promise of AI

    So-called fake data centers are a bottleneck to scaling infrastructure to keep up with compute demand for AI and other critical workloads.
    VentureBeat - Jan. 4

  • Microsoft expects to spend $80 billion on AI-enabled data centers in fiscal 2025

    Over half of Microsoft's $80 billion in spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote in a Friday blog post.
    CNBC - Jan. 4
  • Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months

    Microsoft expects to spend $80 billion on AI-enabled data centers over next 12 months

    Microsoft plans to spend $80 billion in fiscal 2025 on the construction of data centers that can handle artificial intelligence workloads, the company said in a Friday blog post.
    NBC News - Jan. 3

  • China's electric car boom is increasingly more about hybrids

    Hybrid-powered vehicles are proving more popular than battery-only ones in China, even as consumers shift away from gas-only cars, full-year data show.
    CNBC - Jan. 3

More from The New York Times

  • Reagan Airport Had a Number of Close Calls in Recent Years

    Reagan Airport Had a Number of Close Calls in Recent Years

    Internal government reports and public databases highlight several instances in which planes narrowly escaped collisions with each other or helicopters.
    The New York Times - 5h
  • Trump Moves to Invalidate Recent Labor Agreements With Federal Workers

    Trump Moves to Invalidate Recent Labor Agreements With Federal Workers

    The order is aimed at “last-minute, lame-duck” agreements signed by the Biden administration, a White House memo says.
    The New York Times - 5h
  • Trump’s Latest Tariff Threats Could Hit Global Companies

    Trump’s Latest Tariff Threats Could Hit Global Companies

    Manufacturers from Asia, Europe and elsewhere have poured billions into North American supply chains that could be hit by new taxes on Mexico, Canada and China.
    The New York Times - 3h
  • Trump Tariffs Could Hurt Oil Companies and Raise Gas Prices

    Trump Tariffs Could Hurt Oil Companies and Raise Gas Prices

    Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico.
    The New York Times - 7h
  • High Inflation and New Tariffs Will Make the Fed’s Job Tougher

    High Inflation and New Tariffs Will Make the Fed’s Job Tougher

    Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.
    The New York Times - 13h

More in Business

  • Meta May Exit Delaware to Reincorporate in Texas, WSJ Reports

    Meta May Exit Delaware to Reincorporate in Texas, WSJ Reports

    Meta is considering a similar move to Elon Musk’s Tesla and SpaceX.
    Inc. - 49m
  • 285 of 313 Air Traffic Control Facilities Are Understaffed

    285 of 313 Air Traffic Control Facilities Are Understaffed

    Persistent staff shortages have raised safety concerns. At many facilities, staffing is so low that at least a quarter of the work force is missing.
    The New York Times - 2h
  • Trump’s Latest Tariff Threats Could Hit Global Companies

    Trump’s Latest Tariff Threats Could Hit Global Companies

    Manufacturers from Asia, Europe and elsewhere have poured billions into North American supply chains that could be hit by new taxes on Mexico, Canada and China.
    The New York Times - 3h
  • Once a Trump Foil, Warren Seeks Collaboration on Policy

    Once a Trump Foil, Warren Seeks Collaboration on Policy

    As Democrats reel from defeat, Senator Elizabeth Warren, the Massachusetts progressive, preaches focus and accountability.
    The New York Times - 3h
  • Official Email Urges Federal Workers to Find ‘Higher Productivity’ Jobs

    Official Email Urges Federal Workers to Find ‘Higher Productivity’ Jobs

    The message reiterated an offer to take a second job or travel to a “dream destination” and remain on the federal payroll for months. But questions remain about whether that would be legal.
    The New York Times - 4h
© 2025 QuikReader - About - Terms - Privacy