The fervor for all things AI has finally spread to a sector whose own heady start-up phase came about 160 years ago: Pipelines.

EQT Corp., a natural gas producer, announced this week the surprise $5.5 billion acquisition of Equitrans Midstream Corp., a pipeline business it spun out only six years ago. EQT justified this mainly in terms of cost and hedging synergies, which matter when gas prices are sub-$2 per million BTU.

QOSHE - The AI Revolution Needs Chips, Software — and Gas Pipelines - Liam Denning
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The AI Revolution Needs Chips, Software — and Gas Pipelines

18 0
12.03.2024

The fervor for all things AI has finally spread to a sector whose own heady start-up phase came about 160........

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