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TechCrunch – AI
November 14th, 2025 at 6:18 PM

Are data centers the new oil fields?

A new report from the International Energy Agency (IEA) shows that $580 billion will be spent globally on AI data centers in 2025 alone. This is $40 billion more than will be spent on new oil supplies — leading us to conclude that data centers are the new oil fields. But is this a net […]

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