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Fossil Fuels To Dominate Global Energy Use Past 2050, McKinsey Says

3 months 3 weeks ago
Oil, gas and coal will continue to dominate the world's energy mix well beyond 2050, as soaring electricity demand outpaces the shift to renewables, according to a new McKinsey report. From a report: McKinsey expects fossil fuels to account for about 41-55% of global energy consumption in 2050, down from today's 64% but higher than previous projections. U.S. data-center-related power demand is expected to grow nearly 25% a year until 2030, while demand from data centers globally would average 17% growth per year between 2022 and 2030, especially in OECD countries. Alternative fuels are not likely to achieve broad adoption before 2040 unless mandated, but renewables do have the potential to provide 61-67% of the 2050 global power mix, McKinsey said.

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Logitech Open To Adding an AI Agent To Board of Directors, CEO Says

3 months 3 weeks ago
Hanneke Faber, CEO of global tech manufacturing company Logitech, says she'd be open to the idea of having an AI-powered board member. From a report: "We already use [AI agents] in almost every meeting," Faber said at the Fortune Most Powerful Women Summit in Washington, D.C., on Monday. While she said AI agents today (like Microsoft Copilot and internal bots) mostly take care of summarization and idea generation, that's likely to change owing to the pace at which the technology is developing. "As they evolve -- and some of the best agents or assistants that we've built actually do things themselves -- that comes with a whole bunch of governance things," Faber said. "You have to keep in mind and make sure you really want that bot to take action. But if you don't have an AI agent in every meeting, you're missing out on some of the productivity." "That bot, in real time, has access to everything," she continued.

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TSMC Is Running Ahead Of Forecasts On AI Growth

3 months 3 weeks ago

The world’s largest and one might argue most important chip foundry is telling Wall Street that its AI-related sales are running ahead of schedule. …

TSMC Is Running Ahead Of Forecasts On AI Growth was written by Timothy Prickett Morgan at The Next Platform.

Timothy Prickett Morgan