Why AI could weigh down oil prices in the next decade, according to Goldman Sachs

The impact to supply due to the use of AI could end up outweighing any rise in demand from AI's power needs, Goldman Sachs analysts say.

By: Business Insider

Sep 05 2024
33
4193 Views

Why AI could weigh down oil prices in the next decade, according to Goldman Sachs — Why AI could weigh down oil pr

The artificial intelligence boom could make oil prices fall even as the technology boosts power demand, Goldman Sachs analysts said. The analysts point to AI's improved logistics capabilities and b… [+2097 chars]

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