Yeah, plenty examples of energy companies investing in renewables.
This zero sum game nonsense is what keeps us in the dark ages.
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Because they weren’t doing well with them, not because they didn’t want to invest.
They also didn’t give up on it.
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Drones and privacy…
I think people have a misunderstanding of what AI is… it is a set of software that collaborates (typically) to quantitate information, albiet at mind-shattering speeds.
Feel free to pm if you want to talk more.
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Yeah CS grads coming out are pretty f’ed like journalism major f’ed. Everyone went out to get CS degrees, no one is hiring, massive gatekeeping, cratering pay, and offshoring and AI’ing away the entry level jobs.
That’s pretty, pretty bleak.
Well I think it’s important to actually identify what we’re referring to when talking about “renewable energy”.
Chevron, for example, is investing in alternative energy sources that are still essentially deriving of fossil fuels, such as carbon capture (which is unscalable, which they know this). A very small portion of their portfolio is in actual green energy, which is largely a performative investment.
In addition, O&G ramped up investments in renewables/alternative (in the aggregate, not individually) because it was the peak of ESG standards (2020-2022), investors essentially demanded it to keep the share price up. Ignoring ESG was a detriment to the stock price.
ESG has largely subsided, and along with that so has investment in green energy by Oil & Gas companies.
As I alluded initially, their primary portfolio will always be oil and gas. Oil and gas companies can perhaps invest a small amount in green energy, but it will never be enough to the detriment of their main product (and only product, really), oil and gas. They simply have the balance sheets to do this whereas independent oil and gas companies do not.
Not sure what you mean by this.
Oil and gas companies were never looking to “do well” with renewable energy.
Oil and gas companies and renewable energy-focused companies rely on different sets of policies to benefit their own products.
Based on how our energy economy works systemically (which is politicized), you literally cannot be a cumulative energy company. Your main product (the product that generates profit) has to be focused on one single natural resource. This isn’t to get political, it’s just literally the way our system is set up.
What I mean is they backed off because they weren’t making money with renewable investments. Not because they “cannot voluntarily invest in an energy source that replaces its own product.” Also, some continue to invest in them.
You’re just not right about that.
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AI cameras not ready for infiltration by Solid Snake
No, what you said is they cannot voluntarily invest in renewable energy. Not this new more nuanced (and likely more correct) take. You lose credibility when you make these ridiculous definitive statements that are not correct or true on their face. Something for you to think about for future debate/arguments as you have a tendency to make these type of statements.
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fair enough
Apple Foxconn and Nvidia are investing in Houston for AI. Good enough for me.
Would be cool if Nunez could get us Nvidia Stadium or something.
According to the Greater Houston Partnership, Foxconn has committed to investing $450 million in Houston, creating about 600 jobs at its AI-related facilities. That could generate about $920 million in economic impact and 814 indirect jobs, the partnership estimates.
Foxconn again.
Remember how their 2017 promise turned out ?
From 2021 article … from 10 billion to less than a tenth of that.
As always, be skeptical, of these claims. Seems like companies
play these games to avoid scrutiny or currying favors.
- Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin.
- Under a deal, Foxconn will reduce its planned investment to $672 million from $10 billion, and slash the number of new jobs to 1,454 from 13,000.
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Yep the companies are always going to change or cut back the investment if it is financially prudent. Hopefully the govt didn’t give away the farm already and whatever incentives they received are reduced or eliminated just like the investment was.
The reason they’re investing in Houston is because of its direct access to natural gas infrastructure
Oh and should mention:
Looks like the bubble is getting ready to burst.
Investors finally realizing that the costs to run these “AI” Models are far too expensive from the revenue generated from these LLM’s.
OpenAI will have to start selling ads on the free version of ChatGPT, or they will have to start pushing a paid version of ChatGPT - either route is going to likely reduce engagement
https://www.telegraph.co.uk/business/2025/08/20/ai-report-triggering-panic-and-fear-on-wall-street/