Siemens Energy trebles profit as AI boosts power demand

German turbine maker Siemens Energy said Wednesday that its quarterly profits had almost tripled as the firm gains from surging demand for electricity driven by the artificial intelligence boom. The company’s gas turbines are used to generate electricity for data centres that provide computing power for AI, and have been in hot demand as US […] The post Siemens Energy trebles profit as AI boosts power demand appeared first on Digital Journal.