Oil: OPEC+ Weighs Another Major Supply Hike
Oil headed for its first weekly decline in three, as OPEC+ members discussed another major production increase. Bloomberg's Nicholas Lua breaks down the situation.
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The Verge
40 minutes ago
- The Verge
Sam Altman claims an average ChatGPT query uses ‘roughly one fifteenth of a teaspoon' of water
OpenAI CEO Sam Altman, in a blog post published Tuesday, says an average ChatGPT query uses about 0.000085 gallons of water, or 'roughly one fifteenth of a teaspoon.' He made the claim as part of a broader post on his predictions about how AI will change the world. 'People are often curious about how much energy a ChatGPT query uses; the average query uses about 0.34 watt-hours, about what an oven would use in a little over one second, or a high-efficiency lightbulb would use in a couple of minutes,' he says. He also argues that 'the cost of intelligence should eventually converge to near the cost of electricity.' OpenAI didn't immediately respond to a request for comment on how Altman came to those figures. AI companies have come under scrutiny for energy costs of their technology. This year, for example, researchers forecast that AI could consume more power than Bitcoin mining by the end of the year. In an article last year, The Washington Post worked with researchers to determine that a 100-word email 'generated by an AI chatbot using GPT-4' required 'a little more than 1 bottle.' The publication also found that water usage can depend on where a datacenter is located.
Miami Herald
an hour ago
- Miami Herald
GM claims No. 2 spot in US electric vehicle sales
General Motors Co. topped crosstown rival Ford Motor Co. to take the No. 2 spot in U.S. electric vehicle sales for the first five months of 2025. The Detroit automaker announced 62,000 EVs sold this year through May. Chevrolet carried sales among the company's brands, with 37,000 sold in the United States in that same period. Ford sold 34,132 EVs through May, according to the company. That represents a quarter drop year-over-year as sales of the F-150 Lightning pickup and E-Transit commercial van declined 42% and 93%, respectively. GM saw 94% year-over-year growth in domestic EV sales in the first quarter of 2025 and boasted more than 15% of U.S. EV market share. "Customers are responding in record numbers to our world-class portfolio of electric and gas-powered vehicles," Rory Harvey, executive vice president and president of global markets, said in a statement. "In the first two months of the second quarter, we more than doubled our EV sales compared to the same period last year." Part of the bump is attributable to price-conscious buyers worried about tariffs raising prices and legislative efforts to strip the $7,500 EV tax credit, said Sam Fiorani, vice president of AutoForecast Solutions LLC. "The idea that parts may be in short supply, costs may go up, all of these factors are weighing on the decision-making of buyers today," Fiorani said. "If they believe that they're going to need a vehicle in the next few months, a lot of them have moved to the dealership now to purchase while they believe the prices will be lower." GM still trails Tesla Inc. in EV sales, but CEO Elon Musk's dominance is waning in the face of domestic and Chinese competition. Tesla sold 1.3 million cars in the first quarter of 2025, a 9% decline from the year-earlier period, according to Bloomberg. Tesla's share of the U.S. EV market dropped from almost two-thirds to less than half in the past two years, according to Bloomberg reporting. Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.
Bloomberg
an hour ago
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What Leverage Does US Have In China Trade Talks?
Rep. Krishnamoorthi (D) Illinois shares his thoughts on the second day of trade talks between the United States and China. He also talks about the upcoming tariff deadline and whether or not deals can be made before then, and if he is concerned the Los Angeles protests will happen in his city of Chicago. Representative Krishnamoorthi speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)
