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☆ ChatGPT’s boss claims nuclear fusion is the answer to AI’s soaring energy needs. Experts say not so fast
▼ + stars: | 2024-03-26 | by ( Laura Paddison | ) edition.cnn.com time to read: +8 min

Yet according to Sam Altman, head of ChatGPT creator OpenAI, there is a clear solution to this tricky dilemma: nuclear fusion. Nuclear fusion — the process that powers the sun and other stars — is likely still decades away from being mastered and commercialized on Earth. A section of JT-60SA, a huge experimental nuclear fusion reactor at Naka Fusion Institute in Naka city of Ibaraki Prefecture, Japan, on January 22, 2024. The sector was responsible for around 2% of global electricity demand in 2022, according to the IEA. But, he cautioned, this doesn’t necessarily mean AI’s electricity demand will fall.

Persons: Sam Altman, OpenAI, Altman, “, Lex Fridman, ” Altman, —, Alex de Vries, ”, Aneeqa Khan, ” Khan, Philip Fong, Vries, ” de Vries, Michael Khoo, “ We’re, Khoo, Yiannis Kourtoglou, Sen, Ed Markey, ” Markey, ” Khoo Organizations: CNN, Vrije Universiteit Amsterdam, University of Manchester, “, JT, Naka Fusion, Getty, International Energy Agency, Boston Consulting, Reuters, Microsoft, OpenAI, Boston Consulting Group, Google, Princeton, ” Locations: “, Naka, Ibaraki Prefecture, Japan, AFP, Pascal, Nicosia, Cyprus

☆ Battery swapping is taking off in China — and it could help rescue the EV revolution in the US
▼ + stars: | 2024-02-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +8 min

The Tesla rival pioneering battery-swappingFounded by entrepreneur William Li — sometimes referred to as "China's Elon Musk" — in 2014, Nio has built a network of more than 2,000 battery swap stations in China. Experts told BI that battery swapping offers a solution to many of those concerns — in theory. Ample battery swapping technology promises to swap out an EV battery in under five minutes. It's a heavy innovation because battery swap is closely connected with the vehicle design and the sales model," said Dr Shen. Ample, which in the future plans to charge users a battery subscription fee to use its swap stations, has battery swap stations operating in Spain, Japan, and California, where it has worked mainly with fleet providers such as Uber.

Persons: —, William Li —, China's Elon, Nio, Fei Shen, William Li, HECTOR RETAMAL, JAC, Shen, Dylan Khoo, John Helveston, Helveston, Khoo, John De Souza, De Souza Organizations: Service, Business, EV, Chery, ABI Research, George Washington University, Fiat Locations: China, Europe, West, San Francisco, Spain, Japan, California

But unlike most cities, Singapore is spending enormous resources to try to cool itself down — and learning lessons that could help other cities. But unlike most cities, Singapore is spending enormous resources to try to cool itself down — and learning lessons that could help other cities. Building without cool paint Building coated with cool paint Building without cool paint Building coated with cool paint Satellite image by Planet LabsSimple design decisions can also have a big impact on a building’s temperature. Singapore has built out a more systematic solution, a network of green corridors that connect green spaces together and allow cool air to flow throughout the city. “A corridor can at least generate this kind of cool air circulation in a city.

Persons: ”, Brian Stone Jr, Khoo, Stone, it’s, “, Nicholas Lin, Richard Hassell, Winston Chow, “ You’ve, Singapore Rebecca Toh, Chow, Tamara Iungman, Adele Tan Organizations: Georgia Institute of Technology, ”, The New York Times, Planet Labs, WOHA Architects, Cooling, Research, Phoenix, Climate Central, SINGAPORE Marina Bay Network, National Parks Board, Barcelona Institute, Global Health, Singapore’s, Redevelopment Authority, Urban Locations: Singapore, Phoenix, Mumbai, Singapore’s, Puat, ”, L.A, ” Singapore, Pickering, The New York Times Singapore, New York City, Jurong Lake, Cooling Singapore, Marina Bay, downtowns, Ariz, Maricopa County, shadeless, Marina, Paris, Bishan, MALAYSIA, SINGAPORE, Medellín, Colombia, “

☆ IAA Mobility: China's automakers take the world by storm with EV push
▼ + stars: | 2023-09-07 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Leonhard Simon/Getty ImagesEven before the show kicked off, Renault chief executive Luca de Meo was on French radio talking up the rapid advances made by Chinese EV makers. Competitors worry that Chinese brands may eventually dominate the global EV market. In Europe, the top destination for China’s car exports, sales of Chinese EVs are booming. Supply chain advantageA major factor contributing to the lower cost of Chinese EVs is the country’s dominance of the EV battery supply chain. However, geopolitical tensions could complicate Chinese EV firms’ global push.

Persons: Leonhard Simon, Luca de Meo, ” de Meo, ” “, ”, Dylan Khoo, Li Yunfei, Oliver Zipse, Khoo, It’s, — Hanna Ziady, Olesya Dmitracova Organizations: Hong Kong CNN, Visitors, Renault, Chinese EV, RTL Radio, China Association of Automobile Manufacturers, China Passenger Car Association, Union, UBS, Europe Auto, EV, New, Research, Deloitte, BMW, ABI Research, Jato Dynamics, “, China’s SAIC, MG, IAA, SNE Research Locations: China, Hong Kong, Munich, Germany, Chinese, Europe, Australia, Southeast Asia, Japan, Russia, New York, United States, France, British, United Kingdom, South Korean

☆ Head of US 'KleptoCapture' unit targeting Russian oligarchs leaves Justice Dept.
▼ + stars: | 2023-07-27 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Andrew Adams, who has led the "KleptoCapture" task force since its inception in March 2022, will be replaced by his deputies Michael Khoo and David Lim, a DOJ spokesperson said. "It was a privilege to cap this time in service of the Department's response to the war in Ukraine," Adams, a 10-year Justice Department veteran, wrote in a LinkedIn post. In launching the task force, U.S. Attorney General Merrick Garland said it would enforce sanctions and export controls designed to freeze Russia out of global markets, and confiscate assets obtained through unlawful conduct. During Adams' tenure, the unit unveiled indictments against aluminum magnate Oleg Deripaska and TV tycoon Konstantin Malofeyev for alleged sanctions busting, and seized yachts belonging to sanctioned oligarchs Suleiman Kerimov and Viktor Vekselberg. Reporting by Luc Cohen in New York; Additional reporting by Sarah N. Lynch in Washingon, D.C.; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Adams, Michael Khoo, David Lim, Adams, General Merrick Garland, Oleg Deripaska, Konstantin Malofeyev, Suleiman Kerimov, Viktor Vekselberg, Artem Uss, Khoo, Lim, Luc Cohen, Sarah N, Lynch, Daniel Wallis Organizations: U.S . Department, Reuters, Department of Justice, DOJ, Department, Vekselberg's, Huawei Technologies, Iran, Airbus, D.C, Thomson Locations: Moscow, Ukraine, New York City , New York, U.S, Russia, York, Russian, Italy, New York, Washingon

☆ Uber is funding an e-bike trade-in program to curb battery fires
▼ + stars: | 2023-04-12 | by ( Samantha Kelly | ) edition.cnn.com time to read: +4 min

CNN —Uber is funding a new program that aims to get electric bikes with dangerous non-certified lithium-ion batteries off New York City streets. The news follows a string of fires caused by lithium-ion batteries, which have been known to overheat when charging and cause massive explosions. Earlier this week, the New York City police department said an e-bike’s lithium-ion battery was behind a fatal two-alarm fire in Queens. The FDNY’s Chief fire marshal John Hodgens said it was the 59th fire in the city this year caused by a lithium-ion battery. Part of the issue is that not all lithium-ion batteries are created equal.

☆ Why lithium-ion batteries found in many products keep exploding
▼ + stars: | 2023-03-09 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

Officials believe the incident stemmed from a lithium-ion battery of a scooter found on the roof of an apartment building. “In all of these fires, these lithium-ion fires, it is not a slow burn; there’s not a small amount of fire, it literally explodes,” FDNY Commissioner Laura Kavanagh told reporters. For starters, lithium-ion batteries are now in numerous consumer tech products, powering laptops, cameras, smartphones and more. Despite the concerns, lithium-ion batteries continue to be prevalent in many of today’s most popular gadgets. For example, LFP (lithium iron phosphate) batteries don’t overheat as much as other types of lithium-ion batteries.

☆ StanChart suitors track banking’s flighty fortunes
▼ + stars: | 2023-01-06 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +4 min

But one reliable rule of thumb is that Standard Chartered (STAN.L) will be the subject of periodic bouts of takeover speculation. The latest prospective suitor, First Abu Dhabi Bank (FAB.AD), reflects the shifting fortunes of global banking. Under UK rules, First Abu Dhabi cannot make an offer for StanChart for six months, unless another bidder emerges. The Abu Dhabi lender said it had been in “the very early stages of evaluating a possible offer” for the emerging markets-focused bank. Standard Chartered declined to comment.

☆ How London became the divorce capital of the world for the mega-rich
▼ + stars: | 2022-12-26 | by ( Bill Bostock | Charles R. Davis | ) www.businessinsider.com time to read: +5 min

A UK judge ordered Sheikh Mohammed of Dubai to pay a $679 million divorce settlement to his ex-wife. Princess Haya had filed for divorce in London, known as "the divorce capital of the world." It also reaffirmed London's status as the de facto "divorce capital of the world," at least for the rich and famous. The often-cited case — "White v White" — concerns Martin White and Pamela White, farmers from Somerset who filed for divorce in 1994. Lawyers for Khoo told the court that his case had enhanced "the ill-gotten reputation of this country for being the divorce capital of the world."

☆ 'No longer science fiction'? Metaverse could pump $1.4 trillion a year into Asia's GDP, report says
▼ + stars: | 2022-11-14 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

The impact of the metaverse to GDP in Asia could be between $0.8 and 1.4 trillion per year by 2035, said a new Deloitte report. The impact of the metaverse to GDP in Asia could be between $0.8 and 1.4 trillion per year by 2035, said a new Deloitte report. watch nowDeloitte's new report, titled "The Metaverse in Asia: Strategies for Accelerating Economic Impact," examined the potential influence of the metaverse on 12 Asian economies. Developing the technology stacks, human capital and regulatory frameworks to realize Asia's trillion-dollar metaverse potential will benefit a wide range of industries and economic activities," said Kulasooriya. ObstaclesThough Deloitte's report suggests China could the biggest beneficiary in terms of GDP, the country still faces heavy regulatory challenges in developing the metaverse.

☆ Ryanair hails 'very strong' recovery with record summer profit
▼ + stars: | 2022-11-07 | by ( Conor Humphries | ) www.reuters.com time to read: +3 min

The Irish airline, Europe's largest by passenger numbers, earned 1.371 billion euros ($1.36 billion) in the six months to the end of September, the first half of its financial year. While that was just short of a forecast of 1.385 billion in a company poll of analysts, it was well ahead of its previous first-half record of 1.29 billion euros in 2017. "We expect these strong fundamentals will continue to underpin robust traffic and average fare growth for the next 18-months at least," he said. Profit and traffic are poised for "very strong growth" until 2025 assuming oil prices remain relatively stable, he added in a video presentation. However, while the airline is planning for the deliver of 51 737 MAX aircraft by next summer, O'Leary said he was concerned Boeing might fall short.

☆ 'We are not rich:' A couple share one money tip that lets them travel full time — on land and sea
▼ + stars: | 2022-09-28 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

Living in a sailboat together has allowed Rene Sullivan and Samantha Khoo to work on their communication skills. "You realize you don't really need a lot of money — because you're not paying your staff, you're not paying your rent, you're not paying for a property, you're not paying for your [credit] cards." Sullivan and Khoo, who've been married for 22 years, said the most important thing that enabled them to travel full time was being debt-free. They spent four months at Pangkor Marina in Malaysia, where they worked for boat owners without pay to gain knowledge about boat life and maintenance. 'Bring on another 1,000'While the idea of living on a sailboat is relaxing, Khoo and Sullivan said it's anything but glamorous.

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