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Exxon and Chevron's market share in AI data center energy by end of 2025?
2
Resolution / Starting Odds
Less than 5% market share • 25%
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Market analysis reports or financial statements from Exxon Mobil and Chevron
Story
Exxon Mobil and Chevron to Power AI Data Centers with Natural Gas and Carbon Capture Solutions
Dec 14, 2024, 12:29 PM
Exxon Mobil and Chevron are pivoting towards the technology sector by planning to power artificial intelligence (AI) data centers using natural gas. This strategic move aims to support Big Tech's growing energy demands while focusing on low-carbon solutions through carbon capture technology. The initiative marks a significant shift for these traditional fossil fuel companies, positioning them to play a vital role in the AI energy landscape. As the demand for AI data centers surges, this collaboration between Big Oil and Big Tech could reshape the future of energy and technology, highlighting a merging of industries that have historically been viewed as distinct.
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