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The Guardian - UK
The Guardian - UK
Business
Heather Stewart Economics editor

Prolonged high oil prices could ‘crimp’ AI boom, WTO warns

WTO Oil Donald Trump Economy
Liquid cooled servers at the Global Switch Docklands datacentre campus in London
The AI boom is very energy-intensive, the WTO’s chief economist said. Photograph: Bloomberg/Getty Images

An extended period of high oil prices as a result of war in the Middle East could “crimp” the AI boom, the World Trade Organization’s chief economist has warned.

The war and its impact on energy and fertiliser costs is the main risk to the global economy identified in the WTO’s latest Global Trade Outlook.

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