Tag: data centers
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Copper Market Faces Uncertainty Amid Tariff Talks and Supply Constraints
The copper market is currently navigating through uncertain times due to tariff discussions and a tight global supply. The impending decision by the US on potential tariffs has already disrupted global trade, leading to a decrease in non-US stockpiles, particularly in China where demand remains robust. ichenbao 99.9% Dead Soft Copper Wire, 12 Gauge/ 2…
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ChatGPT’s Energy Surge Drives Demand for Copper in AI Revolution
ChatGPT, a leading AI platform, is revolutionizing the energy landscape by making copper the new oil. According to Goldman Sachs, the electricity consumption required for ChatGPT is ten times that of a Google search. This surge in electricity demand is driven by the rapid expansion of data centers powering AI technologies like ChatGPT, with projections…