Nearly 90% of energy leaders boosted AI spending last year, Adnoc-Microsoft study finds

“Nearly 90% of energy leaders boosted AI spending last year, Adnoc-Microsoft study finds”

Companies in the energy sector have increased their spending on artificial intelligence and are starting to see that pay off, although nearly half have concerns about whether existing power infrastructure can handle the extra electricity demand the technology will bring, a survey led by Adnoc has shown. About 89 per cent of energy leaders increased AI spending in the past year and 63 per cent expect returns on existing investments to cover or exceed their costs, the Powering Possible report –…