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Artificial intelligence is starting to help buildings go greener. Developers and construction companies have pursued more-efficient energy use in buildings over the past couple of decades. “We want to make every building out there as smart as it can be,” said Ramya Ravichandar, JLL Technologies’s vice president, technology platforms—smart and sustainable buildings. For instance, software and hardware that automatically manages lights, heating and cooling can help buildings cut 20% or more of their yearly energy use. “The main message overall is we’re not going to save the planet with software, and AI is software,” Smithies said.
Persons: JLL, , , Ramya Ravichandar, ” Ravichandar, Thomas Kiessling, ” Kiessling, Greg Smithies, ” Smithies, Dieter Holger Organizations: International Energy Agency, Energy, Environmental, Envio Systems, Royal London Asset Management, JLL, London Asset Management, Siemens Smart Infrastructure, Siemens, Sustainable Business, Venture, Fifth, dieter.holger Locations: Turntide, Sunnyvale, Calif, Berlin, Birmingham, England
Greg Smithies leads the biggest fund focused on the decarbonization of real estate. Smithies has worked on sustainability issues and with Elon Musk's The Boring Company. But Smithies is no stranger to investment-led decarbonization efforts, having tackled the problem for much of his career. "At the end of the day, software isn't going to solve the climate crisis," Smithies said. But above all, he's focused on the money and the potential savings that low-carbon technology can have on real estate.
Layoffs have hit the red-hot climate tech sector as it jostles with the economic downturn. Carbon accounting startup Emitwise has become the latest climate tech startup to lay off staff as the industry jostles with the economic downturn, Insider understands. Climate tech is wide-ranging, encapsulating everything from research and development-heavy batteries to carbon accounting SaaS tools. The energy crisis has been a boon for home energy startups working on rooftop solar, heat pumps, and smart thermostats. At One Ventures' Lin added that in moments of economic difficulty "sometimes the most interesting innovations are born."
GoStudent, Europe's first edtech unicorn, is laying off 200 employees — around 10% of its workforce. The Vienna-based startup is backed by investing giants like SoftBank, Coatue, and Tencent. It joins 23 other edtech companies that have let staffers go amid the global economic downturn. GoStudent, an edtech unicorn backed by some of the world's biggest tech investors, is laying off a tenth of its workforce, the company's CEO said. Japan's SoftBank, Chinese tech investor Tencent, and New York hedge fund Coatue have all backed GoStudent, which is valued at 3 billion euros (around $3 billion).
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