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China to Buy $52 Billion of Additional U.S. Energy Products

January 15, 2020 admin Comments Off on China to Buy $52 Billion of Additional U.S. Energy Products

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world’s two top economic superpowers.The purchases over two years will include liquefied natural gas, crude oil, refined products and coal, the U.S. government said Wednesday in Washington. It didn’t provide additional details on the energy purchases, which comprise about a quarter of the $200 billion total of extra imports that China has committed to.The accord is a promising sign …read more […]

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Artificial Intelligence: Disrupting the Energy Sector for the Better

January 15, 2020 admin Comments Off on Artificial Intelligence: Disrupting the Energy Sector for the Better

Artificial intelligence (AI) is quickly finding its way into every industry and sector.
Today’s supercomputing semiconductor chips can execute thousands of calculations at once. And they do it at speeds of billions of times per second.
This means energy, engineering, finance, healthcare, manufacturing, telecommunications and transportation are all benefitting in some form from AI.
In 2017, the global AI market was worth $126 billion. But by 2024, the AI market could hit more than $3 trillion.
That’s a compound annual growth rate (CAGR) of 36.1%! And the kind of investment I’m constantly on the lookout for.
AI’s ability to use machine learning is nothing short …read more […]