It is the most detail Miliband has given yet on his department's approach to factoring in the impact of data centres.
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Without bigger government incentives, oil firms will be reluctant to take what could be an expensive plunge. Small wonder, then, that ExxonMobil boss Darren Woods has called Venezuela "uninvestable" in its current state.
On Thursday, Block CEO Jack Dorsey said that the company was laying off 4,000 of its more than 10,000 workers, partly because of AI. The company has developed its own internal AI agent, called Goose, that can be powered by a range of different AI models and plug-in directly to a computer to draw from its files and folders as well as access cloud storage platforms and online databases, Wired reported.