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- 1AI and crypto boom boosts energy and oil profits●Everything ties into everything else. The energy sector profits from runaway "Generative # AI " and # crypto expenditure
The argument making the rounds is that the generative AI and cryptocurrency spending boom is flowing straight into the bottom line of the energy sector, with oil and gas companies benefiting further upstream. Critics are also linking these industries to technology companies' expanding space ambitions, arguing the sectors form one interconnected system of energy-hungry, environmentally costly growth.