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AI & Enterprise

TSMC to buy all power from Taiwan Hai Long offshore wind project for 30 years

TSMC has agreed to buy all electricity generated by the Hai Long offshore wind project in the Taiwan Strait for 30 years, as AI chip demand drives rapid growth in power use. The agreement covers 100 percent of output from three offshore wind farms off Taiwan’s west coast, with capacity exceeding 1 gigawatt. The project is set for full operations in 2027. The move comes as Taiwan weighs energy security risks and accelerates renewables development.

AI & Enterprise

Big Tech AI infrastructure spending overtakes oil and gas production investment in data centre expansion race

Big Tech spending on artificial intelligence infrastructure has surpassed global investment in oil and natural gas production, BeInCrypto reported, citing estimates from the International Energy Agency. The IEA said surging data centre investment pushed major technology companies\' capital spending above $400 billion in 2025 and it could increase a further 75 percent in 2026. The expansion is boosting demand, debt issuance and stock market concentration, while making the pace of buildout more sensitive to financial market conditions.

General News

Brent crude surges more than 60 percent in March on Hormuz closure shock, biggest rise since 1988

Brent crude futures rose more than 60 percent in March, the biggest monthly gain since 1988, a report said. May Brent settled at $118.35 a barrel, up about 5 percent on the day, while U.S. WTI climbed about 51 percent for the month. The surge was linked to the closure of the Strait of Hormuz after joint U.S.-Israeli air strikes, the report said. Gasoline prices rose in the United States and Britain as markets weighed risks of prolonged disruption.