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Iberdrola, S.A. reported a remarkable net profit of €5.5 billion for 2024, showcasing its strong financial performance. The company is leveraging artificial intelligence in partnership with AWS to enhance energy production efficiency. This strategic move aligns with the growing trend of integrating AI into various sectors, particularly utilities, to meet rising energy demands.
The article highlights the volatility in European AI stocks, influenced by global market dynamics and investor sentiment. Despite challenges, including competition from low-cost AI models, Iberdrola's focus on AI applications positions it favorably among Morgan Stanley's top European AI stocks. The ongoing exploration of established sectors for AI advancements reflects a broader strategic shift in the market.
• Iberdrola's profit growth attributed to AI and AWS collaboration.
• European AI stocks face volatility amid global market changes.
Artificial intelligence is utilized by Iberdrola to optimize energy production and operational efficiency.
Generative AI applications are being developed by Iberdrola in collaboration with AWS to enhance energy management.
AI data centers are driving demand for energy, prompting utility firms to upgrade their capacities.
Iberdrola is a Spanish utility company leveraging AI to improve energy production efficiency.
AWS partners with Iberdrola to develop AI applications that optimize energy management.
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