Tag: Artificial intelligence

BusinessEnergyTechnology

Oilfield Giants Pivot to Power Data Centers Amid AI Boom and Energy Sector Downturn

Major oilfield service companies are capitalizing on the AI revolution by repurposing their energy expertise to power data centers. This strategic pivot comes as the fracking industry faces declining activity and weak crude prices, creating new revenue streams in the rapidly expanding artificial intelligence sector.

Energy Sector’s Strategic Shift

Oilfield service companies are reportedly making a significant strategic pivot toward powering data centers as the artificial intelligence boom creates unprecedented electricity demands. According to recent reports, fracking companies including Liberty Energy and Halliburton are leveraging their energy expertise to capture a slice of the rapidly growing AI market amid challenging conditions in their traditional oil and gas operations.

by Owen Holt
AISemiconductorsTechnology

Cambricon CEO’s Wealth Soars Amid US-China Chip Trade War

Chen Tianshi, founder of AI chip startup Cambricon Technologies, has seen his personal wealth increase dramatically during ongoing US-China trade tensions. The company’s stock surged following a quarterly report showing massive revenue growth as China pushes for semiconductor self-sufficiency.

Chinese Chip Executive’s Fortune Rises With Trade War Tensions

The CEO of Chinese artificial intelligence chipmaker Cambricon Technologies has reportedly seen his personal wealth surge by billions of dollars amid escalating trade tensions between the United States and China, according to financial analysts tracking the semiconductor industry.

by Harlow Wesley
InnovationTechnology

Sports Technology Market Set to Exceed $827 Billion by 2032, Fueled by AI and Wearable Innovation

Sports technology is revolutionizing athletics and spectator engagement worldwide. Market analysts project explosive growth fueled by wearable devices, AI analytics, and immersive fan experiences through 2032.

Market Projections and Growth Drivers

The global sports technology market is experiencing unprecedented expansion, with analysts projecting it will surpass $827.7 billion by 2032, according to recent market analysis. The sector, valued at $186.8 billion in 2024, is expected to maintain a robust compound annual growth rate of 20.45% between 2025 and 2032.

by Owen Holt