Chevron, GE Vernova Partner to Power AI Data Centers With Natural Gas

Group 1 - Chevron and GE Vernova have partnered with Engine No. 1 to build natural-gas power stations for AI-developing data centers in the U.S. [1][4] - The partnership aims to deliver up to 4 gigawatts (GW) of power, sufficient to power 3 million to 3.5 million homes, with service expected to be online by the end of 2027 [1][4] - The announcement follows the release of a cost-effective AI model by Chinese startup DeepSeek, raising concerns about competition in the AI sector [2][4] Group 2 - Concerns over high costs have negatively impacted shares of nuclear power providers, with Constellation Energy and Vistra each seeing declines of more than 20% [3] - GE Vernova's stock also dropped over 20% on the same day, although it rebounded nearly 2% the following day, while Chevron shares decreased by 1% [3]