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Tag: Industry

  • DeepSeek has rattled the AI industry. Here’s a quick look at other Chinese AI models

    DeepSeek has rattled the AI industry. Here’s a quick look at other Chinese AI models

    HONG KONG — The Chinese artificial intelligence firm DeepSeek has rattled markets with claims that its latest AI model, R1, performs on a par with those of OpenAI, despite using less advanced computer chips and consuming less energy.

    DeepSeek’s emergence has raised concerns that China may have overtaken the U.S. in the artificial intelligence race despite restrictions on its access to the most advanced chips. It’s just one of many Chinese companies working on AI, with a goal of making China the world leader in the field by 2030 and besting the U.S. in their battle for technological supremacy.

    Like the U.S., China is investing billions into artificial intelligence. Last week, it created a 60 billion yuan ($8.2 billion) AI investment fund, days after the U.S. imposed fresh chip export restrictions.

    Beijing has also invested heavily in the semiconductor industry to build its capacity to make advanced computer chips, working to overcome limits on its access to those of industry leaders. Companies are offering talent programs and subsidies, and there are plans to open AI academies and introduce AI education into primary and secondary school curriculums.

    China has established regulations governing AI, addressing safety, privacy and ethics. Its ruling Communist Party also controls the kinds of topics the AI models can tackle: DeepSeek shapes its responses to fit those limits.

    Here’s an overview of some other leading AI models in China.

    Alibaba Cloud’s Qwen-2.5-1M is the e-commerce giant’s open-source AI series. It contains large language models that can easily handle extremely long questions, and engage in longer and deeper conversations. Its ability to understand complex tasks such as reasoning, dialogues and comprehending code is improving.

    Like its rivals, Alibaba Cloud has a chatbot released for public use called Qwen – also known as Tongyi Qianwen in China. Alibaba Cloud’s suite of AI models, such as the Qwen2.5 series, has mostly been deployed for developers and business customers such as automakers, banks, video game makers and retailers as part of product development and shaping customer experiences.

    Ernie Bot, developed by Baidu, China’s dominant search engine, was the first AI chatbot made publicly available in China. Baidu said it released the model publicly to be able to collect massive real-world human feedback to build its capacity.

    Ernie Bot 4.0 had more than 300 million users as of June 2024. Similar to OpenAI’s ChatGPT, users of Ernie Bot are able to ask it questions and have it generate images based on text prompts.

    Doubao 1.5 Pro is an AI model released by TikTok’s parent company ByteDance last week. Doubao is currently one of the most popular AI chatbots in China, with 60 million monthly active users.

    ByteDance says the Doubao 1.5 Pro is better than ChatGPT-4o at retaining knowledge, coding, reasoning, and Chinese language processing. According to ByteDance, the model is also cost-efficient and requires lower hardware costs compared to other large language models because Doubao uses a highly-optimized architecture that balances performance with reduced computational demands.

    Moonshot AI is a Beijing-based startup valued at over $3 billion after its latest fundraising round. It says its recently released Kimi k1.5 matches or outperforms the OpenAI o1 model, which is designed to spend more time thinking before it responds and can solve harder and more complex problems. Moonshot claims that Kimi outperforms OpenAI o1 in mathematics, coding, and ability to comprehend both text and visual inputs such as photos and video.

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  • What a merger between Nissan and Honda means for the automakers and the industry

    What a merger between Nissan and Honda means for the automakers and the industry

    BANGKOK — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.

    The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company.

    Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry.

    The ascent of Chinese automakers is rattling the industry at a time when manufacturers are struggling to shift from fossil fuel-driven vehicles to electrics. Relatively inexpensive EVs from China’s BYD, Great Wall and Nio are eating into the market shares of U.S. and Japanese car companies in China and elsewhere.

    Japanese automakers have lagged behind big rivals in EVs and are now trying to cut costs and make up for lost time.

    Nissan, Honda and Mitsubishi announced in August that they will share components for electric vehicles like batteries and jointly research software for autonomous driving to adapt better to dramatic changes in the auto industry centered around electrification. A preliminary agreement between Honda, Japan’s second-largest automaker, and Nissan, third largest, was announced in March.

    A merger could result in a behemoth worth about $55 billion based on the market capitalization of all three automakers.

    Joining forces would help the smaller Japanese automakers add scale to compete with Japan’s market leader Toyota Motor Corp. and with Germany’s Volkswagen AG. Toyota itself has technology partnerships with Japan’s Mazda Motor Corp. and Subaru Corp.

    Nissan has truck-based body-on-frame large SUVs such as the Armada and Infiniti QX80 that Honda doesn’t have, with large towing capacities and good off-road performance, said Sam Fiorani, vice president of AutoForecast Solutions.

    Nissan also has years of experience building batteries and electric vehicles, and gas-electric hybird powertrains that could help Honda in developing its own EVs and next generation of hybrids, he said.

    “Nissan does have some product segments where Honda doesn’t currently play,” that a merger or partnership could help, said Sam Abuelsamid, a Detroit-area automotive industry analsyt.

    While Nissan’s electric Leaf and Ariya haven’t sold well in the U.S., they’re solid vehicles, Fiorani said. “They haven’t been resting on their laurels, and they have been developing this technology,” he said. “They have new products coming that could provide a good platform for Honda for its next generation.”

    Nissan said last month that it was slashing 9,000 jobs, or about 6% of its global work force, and reducing global production capacity by 20% after reporting a quarterly loss of 9.3 billion yen ($61 million).

    Earlier this month it reshuffled its management and its chief executive, Makoto Uchida, took a 50% pay cut to take responsibility for the financial woes, saying Nissan needed to become more efficient and respond better to market tastes, rising costs and other global changes.

    Fitch Ratings recently downgraded Nissan’s credit outlook to “negative,” citing worsening profitability, partly due to price cuts in the North American market. But it noted that it has a strong financial structure and solid cash reserves that amounted to 1.44 trillion yen ($9.4 billion).

    Nissan’s share price has fallen to the point where it is considered something of a bargain. A report in the Japanese financial magazine Diamond said talks with Honda gained urgency after the Taiwan maker of iPhones Hon Hai Precision Industry Co., better known as Foxconn, began exploring a possible acquisition of Nissan as part of its push into the EV sector.

    The company has struggled for years following a scandal that began with the arrest of its former chairman Carlos Ghosn in late 2018 on charges of fraud and misuse of company assets, allegations that he denies. He eventually was released on bail and fled to Lebanon.

    Honda reported its profits slipped nearly 20% in the first half of the April-March fiscal year from a year earlier, as sales suffered in China.

    Toyota made 11.5 million vehicles in 2023, while Honda rolled out 4 million and Nissan produced 3.4 million. Mitsubishi Motors made just over 1 million. Even after a merger Toyota would remain the leading Japanese automaker.

    All the global automakers are facing potential shocks if President-elect Donald Trump follows through on threats to raise or impose tariffs on imports of foreign products, even from allies like Japan and neighboring countries like Canada and Mexico. Nissan is among the major car companies that have adjusted their supply chains to include vehicles assembled in Mexico.

    Meanwhile, analysts say there is an “affordability shift” taking place across the industry, led by people who feel they cannot afford to pay nearly $50,000 for a new vehicle. In American, a vital market for companies like Nissan, Honda and Toyota, that’s forcing automakers to consider lower pricing, which will eat further into industry profits.

    ____

    AP Auto Writer Tom Krisher contributed to this report from Detroit.

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  • Gautam Hari Singhania appointed as executive chairman of Raymond Lifestyle amid opposition by proxy advisory firms – Industry News

    Gautam Hari Singhania appointed as executive chairman of Raymond Lifestyle amid opposition by proxy advisory firms – Industry News

    Raymond Lifestyle announced that Gautam Hari Singhania has been appointed as the executive chairman of the company. Per a regulatory filing, out of the 100 per cent of 4,17,57,480 votes, 86.85 per cent were cast in favour of the resolution while the remaining 13.15 per cent were against the resolution of the appointment. The special resolution proposed in a Postal Ballot Notice dated November 04, 2024, Raymond Lifestyle said, have been passed with the requisite majority.

    The remote e-voting commenced on November 05, 2024, at 9.00 am and ended on December 4, 2024, at 5.00 pm. Shareholders were asked to approve Gautam Singhania’s tenure, which is set to span from September 1, 2024, to August 31, 2029. However, concerns were raised by proxy advisory firms, Empowerment Services (SES) and Institutional Investor Advisory Services India (IiAS). According to media reports, they had asked the shareholders to reject the move, citing concerns over governance, transparency, and reputational risks. Per reports, SES also expressed reservations about his simultaneous full-time roles in Raymond and Raymond Lifestyle, the lack of an absolute cap on his variable pay and commission, and unclear restructuring plans. 

    Meanwhile, IiAS criticised the lack of detail in the proposed remuneration structure, noting the absence of a maximum cap and performance-linked metrics for commission payouts. It also underscored the reputational challenges linked to Gautam Singhania and said that he is undergoing divorce proceedings, during which his wife, Nawaz Modi, has accused him of domestic violence and misuse of company funds for personal gains. 

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    Earlier this year, Raymond Group had announced the demerger of the company. It had said that post completion of all formalities for both the Scheme of Arrangement, there will be three listed entities in the Raymond Group i.e. Raymond Limited, Raymond Lifestyle Limited and Raymond Realty Limited.



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  • Growth In Indias Food Processing Industry Boosts Fresher Jobs Hiring In FMCG Sector

    Growth In Indias Food Processing Industry Boosts Fresher Jobs Hiring In FMCG Sector

    India’s food processing industry led to a rise in FMCG fresher jobs hiring; rising to 32% in H2FY24 November 24. The food processing industry, which is expected to double its size by 2025-26, will drive the hiring in the FMCG (Fast-Moving Consumer Goods) sector, as the second half of 2024 witnessed a sharp rise in the hiring intent for freshers, rising to 32 per cent, according to a report by TeamLease EdTech.

    The intent for freshers hiring in the first half of 2024 stood at 27 per cent, as per the report.

    This increase is propelled by a deeper market penetration into rural and semi-urban markets on the back of rapid growth of India’s food processing industry, projected to double from USD 263 billion in 2019-20 to USD 535 billion by 2025-26, with a CAGR of 12.6 per cent.

    The report adds that the key product segments like dairy, RTE (Ready-to-Eat) foods, frozen meat, and snacks are creating job roles in supply chain and market research.

    “The rise in demand for fresh talent in FMCG can clearly be attributed to deeper expansion in rural and semi-urban markets, fueled by the rapid growth of India’s food processing industry,” said Shantanu Rooj, Founder and CEO, TeamLease Edtech.

    He noted that due to the company’s focus on strengthening supply chains, market research, and brand management, the demand for talent is expected to be high.

    It further adds that FMCG companies are prioritizing freshers with skills in market insights, retail distribution, and regional consumer understanding as they expand into untapped areas.

    Food engineer roles are projected to have a hiring intent of 41 per cent in Bengaluru, while logistics coordinators show a hiring intent of 39 per cent in Delhi. Additionally, the demand for supply and distribution chain positions in Hyderabad is 37 per cent, and brand management trainees have a hiring intent of 34 per cent in Bengaluru.

    Each role demands a blend of technical knowledge in supply chain, inventory, and logistics management, along with adaptability and strong communication skills to navigate diverse regional markets.

    This sectoral hiring trend reflects FMCG’s role as a significant employment driver in India, with continued growth anticipated in fresh talent demand across key cities and expanding regional markets.

    The survey covers 526 small, medium, and large companies across 18 industries across India. The coverage is spread across 14 geographical areas [metros, tier-1, and tier-2 centres, reflecting the hiring sentiment.

    (Disclaimer: Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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  • Centre Reports Surge In Indias Seafood And Wine Exports, Driving Industry Growth

    Centre Reports Surge In Indias Seafood And Wine Exports, Driving Industry Growth

    India’s premium seafood and vibrant wine industry has grown substantially, with seafood exports alone reaching $7.3 billion in value and 17.81 lakh metric tonnes in volume, the government said on Saturday. At an event hosted by the Embassy of India in Brussels, India’s finest culinary offerings in wine and seafood were showcased to business leaders, trade bodies, marine foods importers, government trade agencies, and members of the diplomatic community. It was organised in collaboration with the Agricultural and Processed Food Products Export Development Authority (APEDA), and the Marine Products Export Development Authority (MPEDA), according to the Ministry of Commerce and Industry.
    Saurabh Kumar, Ambassador of India to Belgium, Luxembourg and European Union (EU) highlighted the event’s significance in fostering cultural and trade ties. Sunil Barthwal, Secretary, Department of Commerce, spoke about India’s dynamic trade landscape and its growing partnership with the European Union, particularly in the seafood and wine sectors. At the event, the attendees indulged in a carefully-curated menu featuring five premium Indian seafood varieties: Vannamei shrimp, Black Tiger shrimp, Kingfish (Surmai), Tilapia, and Squid.
    These delicacies were expertly paired with wines from Indian vineyards, whose bold reds, crisp whites, and refreshing roses demonstrated the global recognition of India’s wine craftsmanship. The Indian wine industry has grown substantially, with over 24 prominent brands combining global expertise with indigenous traditions.Reds such as Cabernet Sauvignon, Shiraz, Merlot, and Sangiovese, along with  whites like Chenin Blanc, Sauvignon Blanc, and Viognier, were highlighted.
    India’s total exports reached $433.09 billion in 2023-2024, with agricultural commodities contributing $33.24 billion (8 per cent of total exports) and marine exports accounting for $7.36 billion (22 per cent of agricultural exports) across 132 countries. Exports of Vannamei shrimp have quadrupled, firmly establishing it as a high-quality seafood product. With 500 EU-approved firms, India’s seafood processing capacity continues to expand, making the EU, India’s second-largest seafood market, with annual purchases of $0.95 billion.
    Additionally, India is the EU’s second-largest supplier of shrimp, holding an 8 per cent market share, and contributes 12 per cent of the EU’s squid imports, according to the ministry.

    (Disclaimer: This story has not been edited by NDTV staff and is auto-generated from a syndicated feed. This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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  • As data center industry booms, an English village becomes a battleground

    As data center industry booms, an English village becomes a battleground

    ABBOTS LANGLEY, England — Originally built to store crops from peasant farmers, the Tithe Barn on the edge of the English village of Abbots Langley was converted into homes that preserve its centuries of history. Now, its residents are fighting to stop a development next door that represents the future.

    A proposal to build a data center on a field across the road was rejected by local authorities amid fierce opposition from villagers. But it’s getting a second chance from British Prime Minister Keir Starmer’s government, which is pursuing reforms to boost economic growth following his Labour party’s election victory in July.

    Residents of Abbots Langley, 18 miles (30 kilometers) northwest of London, worry the facility will strain local resources and create noise and traffic that damages the character of the quiet village, which is home to just over 20,000 people. Off the main street there’s a church with a stone tower built in the 12th century and, further down the road, a picturesque circular courtyard of rustic thatched-roof cottages that used to be a farm modeled on one built for French Queen Marie Antoinette.

    “It’s just hideously inappropriate,” said Stewart Lewis, 70, who lives in one of the converted houses in the 600-year-old Tithe Barn. “I think any reasonable person anywhere would say, ‘Hang on, they want a data center? This isn’t the place for it.’”

    As the artificial intelligence boom fuels demand for cloud-based computing from server farms around the world, such projects are pitting business considerations, national priorities and local interests against each other.

    Britain’s Deputy Prime Minister Angela Rayner has stepped in to review the appeals filed by developers of three data center projects after they were rejected by local authorities, taking the decision out of the hands of town planners. Those proposals include Abbots Langley and two projects in Buckinghamshire, which sits west of London. The first decision is expected by January.

    The projects are controversial because the data centers would be built on “greenbelt” land, which has been set aside to prevent urbanization. Rayner wants to tap the greenbelt for development, saying much of it is low quality. One proposed Buckinghamshire project, for example, involves redeveloping an industrial park next to a busy highway.

    “Whilst it’s officially greenbelt designated land, there isn’t anything ‘green’ about the site today,” said Stephen Beard, global head of data centers at Knight Frank, a property consultancy that’s working on the project.

    “It’s actually an eyesore which is very prominent from the M25″ highway, he said.

    Greystoke, the company behind the Abbots Langley center and a second Buckinghamshire project to be built on a former landfill, didn’t respond to requests for comment. In an online video for Abbots Langley, a company representative says, “We have carried out a comprehensive search for sites, and this one is the very best.” It doesn’t specify which companies would possibly use the center.

    The British government is making data centers a core element of its economic growth plans, deeming them “critical national infrastructure” to give businesses confidence to invest in them. Starmer has announced deals for new centers, including a 10 billion pound ($13 billion) investment from private equity firm Blackstone to build what will be Europe’s biggest AI data center in northeast England.

    The land for the Abbots Langley data center is currently used to graze horses. It’s bordered on two other sides by a cluster of affordable housing and a highway.

    Greystoke’s plans to construct two large buildings totaling 84,000 square meters (904,00 square feet) and standing up to 20 meters (66 feet) tall have alarmed Lewis and other villagers, who worry that it will dwarf everything else nearby.

    They also doubt Greystoke’s promise that it will create up to 260 jobs.

    “Everything will be automated, so they wouldn’t need people,” said tech consultant Jennifer Stirrup, 51, who lives in the area.

    Not everyone in the village is opposed.

    Retiree Bryan Power says he would welcome the data center, believing it would benefit the area in a similar way as another big project on the other side of the village, the Warner Bros.’ Studio Tour featuring a Harry Potter exhibition.

    “It’ll bring some jobs, whatever. It’ll be good. Yeah. No problem. Because if it doesn’t come, it’ll go somewhere else,” said Power, 56.

    One of the biggest concerns about data centers is their environmental impact, especially the huge amounts of electricity they need. Greystoke says the facility will draw 96 megawatts of “IT load.” But James Felstead, director of a renewable energy company and Lewis’ neighbor, said the area’s power grid wouldn’t be able to handle so much extra demand.

    It’s a problem reflected across Europe, where data center power demand is expected to triple by the end of the decade, according to consulting firm McKinsey. While the AI-fueled data boom has prompted Google, Amazon and Microsoft to look to nuclear power as a source of clean energy, worries about their ecological footprint have already sparked tensions over data centers elsewhere.

    Google was forced to halt plans in September for a $200 million data center in Chile’s capital, Santiago, after community complaints about its potential water and energy usage.

    In Ireland, where many Silicon Valley companies have European headquarters, the grid operator has temporarily halted new data centers around Dublin until 2028 over worries they’re guzzling too much electricity.

    A massive data center project in northern Virginia narrowly won county approval last year, amid heavy opposition from residents concerned about its environmental impact. Other places like Frankfurt, Amsterdam and Singapore have imposed various restrictions on data centers.

    Public knowledge about the industry is still low but “people are realizing more that these data centers are quite problematic,” said Sebastian Lehuede, a lecturer in ethics, AI and society at King’s College London who studied the Google case in Chile.

    As awareness grows about their environmental impact, Lehuede said, “I’m sure we will have more opposition from different communities.”

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  • Offshore wind industry says ‘misinformation’ from foes is a strong headwind it must fight

    Offshore wind industry says ‘misinformation’ from foes is a strong headwind it must fight

    ATLANTIC CITY, N.J. — The U.S offshore wind energy industry says it needs to fight back against disinformation being spread by opponents of wind farms.

    During the first day of a national offshore wind conference Tuesday in New Jersey, which has become ground zero for vocal, well-organized opposition to such projects, numerous industry officials said they are in a difficult battle against deliberate falsehoods.

    These include thus far unsubstantiated claims that offshore wind preparation is killing whales along the East Coast.

    “We know it wasn’t us, and we have the research to back it up,” said Crystal Pruitt, an external affairs official with Atlantic Shores, which plans two offshore wind farms off the New Jersey coast. “But the hardest thing to do is prove a negative.”

    She said the industry needs to publicly push back against disinformation.

    “If you’re telling me that the hum from turbines 10 to 12 miles off the beach is going to cause me to go insane, that is not real, and someone needs to say that,” Pruitt said.

    Paulina O’Connor, executive director of the New Jersey Offshore Wind Alliance, said she and others in the industry have met with opponents to give them facts about the industry.

    “I don’t think we’re getting through to them,” she said. “I don’t feel like we’re having that breakthrough. It’s hard to predict what crazy thing they’re going to come up with.”

    Last year, amid a spate of whale deaths along the East Coast, offshore wind opponents began linking them to survey work to prepare the ocean floor for wind turbines

    But numerous federal and local agencies say there is no evidence tying offshore wind to the deaths of the whales, many of which showed signs of having been struck by ships.

    Alicia Gene Artessa, director of the New York Offshore Wind Alliance, likened trying to counter disinformation about offshore wind to playing a game of whack-a-mole.

    “Every time you feel you have some local opposition under control, they come up with a new topic and start pumping money into that,” she said.

    One of the most vocal opposition groups, Protect Our Coast NJ, whose members held up anti-offshore wind signs as they picketed outside the hall where Tuesday’s conference was held, said the industry is the party peddling untruths.

    “We are appalled by the gaslighting of our movement without evidence by shills for the climate industry who hope to cash in if offshore wind becomes a reality,” said Robin Shaffer, the group’s president. “This is a case of accusing our group of the very thing that they themselves are doing, muddying the waters, dispensing disinformation to the unwitting public.”

    The stakes are high for an industry making uneven progress toward goals of having at least 20% of the nation’s electricity come from offshore wind by 2035.

    The American Clean Power Association says there is almost 65 gigawatts of offshore wind capacity under development in the U.S., enough to power over 26 million homes.

    But several high-profile projects have been scrapped, including two in New Jersey that Danish wind giant Orsted pulled the plug on a year ago. And a turbine blade failure at the Vineyard Wind project off Martha’s Vineyard this summer has only reinforced a belief among opponents that offshore wind is unstable and uneconomical.

    Jerry Leeman, CEO of the New England Fishermen’s Stewardship Association, decried the announcement Tuesday that the U.S. Bureau of Ocean Energy Management chosen two developers to build offshore wind on four lease sites in the Gulf of Maine, calling it “a rushed regulatory process” that failed to take into account the turbine failure at Vineyard Wind.

    “Vineyard Wind is a slow-rolling disaster,” he said. “It is now obvious that foreign mega-developers and their political allies cut corners to bring their flagship project online.”

    J. Timmons Roberts, a Brown University researcher who has studied offshore wind opposition groups, said the dynamic has shifted from denying climate change to trying to discredit solutions to it.

    “When I saw the rise of these groups in Rhode Island, I was very upset,” he said. “All the arguments I’m seeing are sensationalized or just outright false,” including claims that wind farms would actually cause carbon dioxide levels to increase. He added the industry has to do much better making its case on social media.

    ___

    Follow Wayne Parry on X at www.twitter.com/WayneParryAC



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  • Carbon removal industry calls on U.S. government for regulation in new industry report

    Carbon removal industry calls on U.S. government for regulation in new industry report

    The unregulated carbon dioxide removal industry is calling on the U.S. government to implement standards and regulations to boost transparency and confidence in the sector that’s been flooded with billions of dollars in federal funding and private investment.

    A report Wednesday by the Carbon Removal Alliance, a nonprofit representing the industry, outlined recommendations to improve monitoring, reporting, and verification. Currently the only regulations in the U.S. are related to safety of these projects. Some of the biggest industry players, including Heirloom and Climeworks, are alliance members.

    “I think it’s rare for an industry to call for regulation of itself and I think that is a signal of why this is so important,” said Giana Amador, executive director of the alliance. Amador said monitoring, reporting and verification are like “climate receipts” that confirm the amount of carbon removed as well as how long it can actually be stored underground.

    Without federal regulation, she said “it really hurts competition and it forces these companies into sort of a marketing arms race instead of being able to focus their efforts on making sure that there really is a demonstrable climate impact.”

    The nonprofit defines carbon removal as any solution that captures carbon dioxide from the atmosphere and stores it permanently. One of the most popular technologies is direct air capture, which filters air, extracts carbon dioxide and puts it underground.

    The Inflation Reduction Act and the Bipartisan Infrastructure Law have provided around $12 billion for carbon management projects in the U.S. Some of this funding supports the development of four Regional Direct Air Capture Hubs at commercial scale that will capture at least 1 million tons of carbon dioxide annually. Two hubs are slated to be built in Texas and Louisiana.

    Some climate scientists say direct air capture is too expensive, far from being scaled and can be used as an excuse by the oil and gas industry to keep polluting.

    Gernot Wagner, a climate economist at Columbia Business School at Columbia University, said this is the “moral hazard” of direct air capture — removing carbon from the atmosphere could be utilized by the oil and gas industry to continue polluting.

    “It does not mean that the underlying technology is not a good thing,” said Wagner. Direct air capture “decreases emissions, but in the long run also extends the life of any one particular coal plant or gas plant.”

    In 2023, Occidental Petroleum Corporation purchased the direct air capture company, Carbon Engineering Ltd, for $1.1 billion. In a news release, Occidental CEO Vicki Hollub said, “Together, Occidental and Carbon Engineering can accelerate plans to globally deploy (the) technology at a climate-relevant scale and make (it) the preferred solution for businesses seeking to remove their hard-to-abate emissions.”

    Jonathan Foley, executive director of Project Drawdown, doesn’t consider carbon dioxide removal technologies to be a true climate solution.

    “I do welcome at least some interventions from the federal government to monitor and verify and evaluate the performance of these proposed carbon removal schemes, because it’s kind of the Wild West out there,” said Foley.

    “But considering it can cost ten to 100 times more to try to remove a ton of carbon rather than prevent it, how is that even remotely conscionable to spend public dollars on this kind of stuff?” he said.

    Katharine Hayhoe, chief scientist of The Nature Conservancy and a distinguished professor at Texas Tech University, said standards for the direct carbon capture industry “are very badly needed” because of the level of government subsidies and private investment. She said there’s no single fix for the climate crisis, and many strategies are needed.

    Hayhoe said these include improving the efficiency of energy systems, transitioning to clean energy, weaning the world off fossil fuels and maintaining healthy ecosystems to trap carbon dioxide. On the other hand, she said, carbon removal technologies are “very high hanging fruit.”

    “It takes a lot of money and a lot of energy to get to the top of the tree. That’s the carbon capture solution,” said Hayhoe. “Of course we need every fruit on the tree. But doesn’t it make sense to pick up the fruit on the ground to prioritize that?”

    Other climate scientists are entirely opposed to this technology.

    “It should be banned,” said Mark Z. Jacobson, professor of civil and environmental engineering at Stanford University.

    Carbon removal technologies indirectly increase the amount of carbon dioxide in the atmosphere, Jacobson said. The reason, he said, is that even in cases where direct air capture facilities are powered by renewable energy, the clean energy is being used for carbon removal instead of replacing a fossil fuel source.

    “When you just look at the capture equipment, you get a (carbon) reduction,” Jacobson said. “But when you look at the bigger system, you’re increasing.”

    ___

    The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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  • AI is having its Nobel moment. Do scientists need the tech industry to sustain it?

    AI is having its Nobel moment. Do scientists need the tech industry to sustain it?

    Hours after the artificial intelligence pioneer Geoffrey Hinton won a Nobel Prize in physics, he drove a rented car to Google’s California headquarters to celebrate.

    Hinton doesn’t work at Google anymore. Nor did the longtime professor at the University of Toronto do his pioneering research at the tech giant.

    But his impromptu party reflected AI’s moment as a commercial blockbuster that has also reached the pinnacles of scientific recognition.

    That was Tuesday. Then, early Wednesday, two employees of Google’s AI division won a Nobel Prize in chemistry for using AI to predict and design novel proteins.

    “This is really a testament to the power of computer science and artificial intelligence,” said Jeanette Wing, a professor of computer science at Columbia University.

    Asked about the historic back-to-back science awards for AI work in an email Wednesday, Hinton said only: “Neural networks are the future.”

    It didn’t always seem that way for researchers who decades ago experimented with interconnected computer nodes inspired by neurons in the human brain. Hinton shares this year’s physics Nobel with another scientist, John Hopfield, for helping develop those building blocks of machine learning.

    Neural network advances came from “basic, curiosity-driven research,” Hinton said at a press conference after his win. “Not out of throwing money at applied problems, but actually letting scientists follow their curiosity to try and understand things.”

    Such work started well before Google existed. But a bountiful tech industry has now made it easier for AI scientists to pursue their ideas even as it has challenged them with new ethical questions about the societal impacts of their work.

    One reason why the current wave of AI research is so closely tied to the tech industry is that only a handful of corporations have the resources to build the most powerful AI systems.

    “These discoveries and this capability could not happen without humongous computational power and humongous amounts of digital data,” Wing said. “There are very few companies — tech companies — that have that kind of computational power. Google is one. Microsoft is another.”

    The chemistry Nobel Prize awarded Wednesday went to Demis Hassabis and John Jumper of Google’s London-based DeepMind laboratory along with researcher David Baker at the University of Washington for work that could help discover new medicines.

    Hassabis, the CEO and co-founder of DeepMind, which Google acquired in 2014, told the AP in an interview Wednesday his dream was to model his research laboratory on the “incredible storied history” of Bell Labs. Started in 1925, the New Jersey-based industrial lab was the workplace of multiple Nobel-winning scientists over several decades who helped develop modern computing and telecommunications.

    “I wanted to recreate a modern day industrial research lab that really did cutting-edge research,” Hassabis said. “But of course, that needs a lot of patience and a lot of support. We’ve had that from Google and it’s been amazing.”

    Hinton joined Google late in his career and quit last year so he could talk more freely about his concerns about AI’s dangers, particularly what happens if humans lose control of machines that become smarter than us. But he stops short of criticizing his former employer.

    Hinton, 76, said he was staying in a cheap hotel in Palo Alto, California when the Nobel committee woke him up with a phone call early Tuesday morning, leading him to cancel a medical appointment scheduled for later that day.

    By the time the sleep-deprived scientist reached the Google campus in nearby Mountain View, he “seemed pretty lively and not very tired at all” as colleagues popped bottles of champagne, said computer scientist Richard Zemel, a former doctoral student of Hinton’s who joined him at the Google party Tuesday.

    “Obviously there are these big companies now that are trying to cash in on all the commercial success and that is exciting,” said Zemel, now a Columbia professor.

    But Zemel said what’s more important to Hinton and his closest colleagues has been what the Nobel recognition means to the fundamental research they spent decades trying to advance.

    Guests included Google executives and another former Hinton student, Ilya Sutskever, a co-founder and former chief scientist and board member at ChatGPT maker OpenAI. Sutskever helped lead a group of board members who briefly ousted OpenAI CEO Sam Altman last year in turmoil that has symbolized the industry’s conflicts.

    An hour before the party, Hinton used his Nobel bully pulpit to throw shade at OpenAI during opening remarks at a virtual press conference organized by the University of Toronto in which he thanked former mentors and students.

    “I’m particularly proud of the fact that one of my students fired Sam Altman,” Hinton said.

    Asked to elaborate, Hinton said OpenAI started with a primary objective to develop better-than-human artificial general intelligence “and ensure that it was safe.”

    “And over time, it turned out that Sam Altman was much less concerned with safety than with profits. And I think that’s unfortunate,” Hinton said.

    In response, OpenAI said in a statement that it is “proud of delivering the most capable and safest AI systems” and that they “safely serve hundreds of millions of people each week.”

    Conflicts are likely to persist in a field where building even a relatively modest AI system requires resources “well beyond those of your typical research university,” said Michael Kearns, a professor of computer science at the University of Pennsylvania.

    But Kearns, who sits on the committee that picks the winners of computer science’s top prize — the Turing Award — said this week marks a “great victory for interdisciplinary research” that was decades in the making.

    Hinton is only the second person to win both a Nobel and Turing. The first, Turing-winning political scientist Herbert Simon, started working on what he called “computer simulation of human cognition” in the 1950s and won the Nobel economics prize in 1978 for his study of organizational decision-making.

    Wing, who met Simon in her early career, said scientists are still just at the tip of finding ways to apply computing’s most powerful capabilities to other fields.

    “We’re just at the beginning in terms of scientific discovery using AI,” she said.

    ——

    AP Business Writer Kelvin Chan contributed to this report.

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  • Australia’s online dating industry adopts code of conduct to keep users safer

    Australia’s online dating industry adopts code of conduct to keep users safer

    MELBOURNE, Australia — A code of conduct will be enforced on the online dating industry to better protect Australian users after research found that three-in-four people suffer some form of sexual violence through the platforms, Australia’s government said on Tuesday.

    Bumble, Grindr and Match Group Inc., a Texas-based company that owns platforms including Tinder, Hinge, OKCupid and Plenty of Fish, have agreed to the code that took effect on Tuesday, Communications Minister Michelle Rowland said.

    The platforms, which account for 75% of the industry in Australia, have until April 1 to implement the changes before they are strictly enforced, Rowland said.

    The code requires the platforms’ systems to detect potential incidents of online-enabled harm and demands that the accounts of some offenders are terminated.

    Complaint and reporting mechanisms are to be made prominent and transparent. A new rating system will show users how well platforms are meeting their obligations under the code.

    The government called for a code of conduct last year after the Australian Institute of Criminology research found that three-in-four users of dating apps or websites had experienced some form of sexual violence through these platforms in the five years through 2021.

    “There needs to be a complaint-handling process. This is a pretty basic feature that Australians would have expected in the first place,” Rowland told Australian Broadcasting Corp. on Tuesday.

    “If there are grounds to ban a particular individual from utilizing one of those platforms, if they’re banned on one platform, they’re blocked on all platforms,” she added.

    Bumble said it shared the government’s hope of eliminating gender-based violence and was grateful for the opportunity to work with the government and industry on what the platform described as a “world-first dating code of practice.”

    “We know that domestic and sexual violence is an enormous problem in Australia, and that women, members of LGBTQ+ communities, and First Nations are the most at risk,” a Bumble statement said.

    “Bumble puts women’s experiences at the center of our mission to create a world where all relationships are healthy and equitable, and safety has been central to our mission from day one,” Bumble added.

    The other platforms that signed up to the code did not immediately respond to request for comment on Tuesday. All helped design the code.

    Platforms that have not signed up include Happn, Coffee Meets Bagel and Feeld.

    The government expects the code will enable Australians to make better informed choices about which dating apps are best equipped to provide a safe dating experience.

    The government has also warned the online dating industry that it will legislate if the operators fail to keep Australians safe on their platforms.

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