AI’s huge power needs give oil majors incentive to invest in renewables, says Adnoc boss

Energy, tech and finance executives in discussion over how to fuel artificial intelligence

The rapid rise of artificial intelligence gives the world’s largest oil companies a major incentive to increase their investments in renewable energy, according to Sultan al-Jaber, the chief executive of Abu Dhabi’s national oil company. “The size of this opportunity only became very apparent about 18 months ago when ChatGPT took off,” said Jaber in an interview with the Financial Times.

“Because AI is going to require huge amounts of energy we need to get ahead of this,” he said, adding that he hoped to provide more computing power for energy companies going forward. Adnoc, one of the world’s largest oil companies, is also planning to roll out the next iteration of generative AI, so-called AI agents designed to act autonomously, across all of its operations.

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