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Microsoft's early investment in AI may already be paying off. AdvertisementAdvertisementAfter heavily investing in OpenAI after the launch of ChatGPT, Microsoft sparked something of an AI arms race among its big tech rivals. Microsoft's success had a lot to do with the success of Copilot, Rotibi said. "Microsoft has captured the zeitgeist of kind of the AI and generative AI with copilot," she said. Despite Microsoft''s success, Rotibi said it was still too early to call a winner in the AI race or say whether Google was falling behind.
Persons: , Satya Nadella, Dan Ives, Ives, Bola Rotibi, Rotibi, It's Organizations: Service, Microsoft, CNBC, Google, CCS Insight, OpenAI, Excel Locations: OpenAI, Refinitiv
BP buys $100 million worth of Tesla chargers
  + stars: | 2023-10-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +1 min
CNN —Oil and gas company BP has agreed to purchase $100 million worth of electric vehicle chargers from Tesla. This marks the first time Tesla has ever sold chargers to another company, according to an announcement from BP. BP will begin installing the chargers next year, but no specific number of chargers was mentioned in the announcement. These chargers won’t look like other Tesla chargers, though. BP Pulse, BP’s EV charging business, operates 27,000 charging points currently and has announced plans for rapid expansion.
Persons: Tesla Organizations: CNN —, BP, Tesla, CCS, Amoco, Hertz, EV Locations: America
LONDON, Oct 26 (Reuters) - BP's (BP.L) electric vehicle charger unit is ordering $100 million worth of Tesla (TSLA.O) ultra-fast chargers for rollout in the United States, the first deployment of Tesla's chargers on an independent network, the companies said on Thursday. "Selling our fast-charging hardware is a new step for us, and one we're looking to expand," Tesla's senior director for charging infrastructure Rebecca Tinucci said in a statement. "(This) is a major step forward in our ambitions for high speed, open access charging infrastructure in the U.S.," BP Pulse global CEO Richard Bartlett said. The 250 kilowatt BP Pulse-branded chargers will be compatible with both Tesla's North American Charging Standard (NACS) and Combined Charging System (CCS) connectors enabling the charging of EV models from other carmakers. Automakers have been moving to adopt Tesla's NACS, taking the Elon Musk-led company's superchargers closer to becoming the industry standard at the expense of the rival CCS.
Persons: Tesla, Rebecca Tinucci, BP, Richard Bartlett, Tesla's, Elon, company's superchargers, Nick Carey, Kirsten Donovan Organizations: BP, EV, Travel Centers of America, Amoco, Hertz, CCS, Thomson Locations: United States, Houston, Phoenix, Los Angeles, Chicago, Washington, U.S
In this article BP.-GBMSFTBKR Follow your favorite stocks CREATE FREE ACCOUNTThis image from 2016 shows a carbon capture project in Texas. Other processes in the sector include direct air capture, with firms like Climeworks operating in the space. Climeworks, which specializes in direct air capture and storage, has offices in Switzerland and Germany. Its clients include businesses such as Stripe and Microsoft , and the Microsoft Climate Innovation Fund has invested in the company. While carbon capture has its advocates, the technology is divisive and has been questioned by a range of organizations.
Persons: Baker Hughes, Lorenzo Simonelli, Simonelli, Bill Gates, Gates, Bob Dudley, there'll, We've, Dudley, — that's Organizations: Houston Chronicle, hearst Newspapers, Getty, Hearst Newspapers, CNBC, ADIPEC, U.S . Department of Energy, Microsoft, Innovation Fund, BBC, Breakthrough Energy, International Energy Agency, Greenpeace Locations: Texas, Abu Dhabi, United States, Europe, Switzerland, Germany, Kenya, Paris
Navigator CO2 Ventures has canceled its Heartland Greenway pipeline project aimed at capturing 15 million metric tons of carbon dioxide annually from Midwest ethanol plants and storing it permanently underground, the company said on Friday, citing "unpredictable" state regulatory processes. The Navigator project would have laid 1,300 miles (2,092 km) of pipeline across five states. Residents along the route expressed concern to state regulators about potential safety risks if the pipeline should leak and about harm to their land from construction. In September, the company's permit application was denied by South Dakota regulators and this month the company asked Iowa regulators to pause its permit process. Another major CCS pipeline project proposed by Summit Carbon Solutions has also faced setbacks amid landowner concerns, including permit denials in South and North Dakota.
Persons: Joe Biden's, Jess Mazour Organizations: Ventures, Heartland, South, Navigator, Sierra Club, CCS, Summit Carbon Solutions, Summit Locations: Gowrie , Iowa, U.S, Midwest, South Dakota, Iowa, Illinois, Iowa , Nebraska, South, North Dakota
A flood of automakers have announced their EVs will adopt Tesla's charging tech. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementIt started with a drop, and then a flood of automakers announcing their vehicles would soon support Tesla's charging technology, a major win for consumers and a massive vote of confidence for the plug. But even as the companies behind a vast number of new electric vehicles announce support for the North American Charging Standard, or NACS, two major holdouts remain: Volkswagen and Stellantis. Though ChargePoint dominates in US charging overall in terms of quantity of plugs, Tesla leads in terms of number of fast-charging ports, according to consultancy EVAdoption.
Persons: , Stellantis, haven't, Tesla, Elon Musk Organizations: Volkswagen, Service, American, P Global Mobility, VW, Stellantis, Group, Tesla, North, EV Locations: America
It is also a blow to the ethanol industry, which sees CCS as key to cutting emissions from producing the fuel. The Navigator project would have laid 1,300 miles (2,092 km) of pipeline across five states. Residents along the route expressed concern to state regulators about potential safety risks if the pipeline should leak and about harm to their land from construction. Another major CCS pipeline project proposed by Summit Carbon Solutions has also faced setbacks amid landowner concerns, including permit denials in South and North Dakota. Summit recently said its pipeline will start operating in 2026, a delay from its initial timeline of 2024.
Persons: Joe Biden's, Jess Mazour, Leah Douglas, Richard Chang, Rod Nickel Organizations: Ventures, Heartland, South, Navigator, Sierra Club, CCS, Summit Carbon Solutions, Summit, Thomson Locations: Windsor , Colorado, Midwest, U.S, South Dakota, Iowa, Illinois, Iowa , Nebraska, South, North Dakota
CNN —Toyota has joined the growing list of automakers that have decided to switch to using Tesla’s charging standard. Beginning in 2025 all Toyota electric vehicles sold in the US will have charging ports designed to work with Tesla’s North American Charging Standard (NACS), rather than the Combined Charging System plugs automakers in the US now use. Toyota’s announcement means that all of America’s best-selling automakers — Toyota ranks second only to General Motors in US sales — have agreed to switch to Tesla’s standard in the next few years. Tesla chief executive Elon Musk announced in November of last year that he was inviting other automakers and charging companies to adopt Tesla’s NACS. Major charging companies have announced they will offer both types of cables to service electric vehicles with either type of charging port.
Persons: Toyota's, NATHAN LEACH, Elon Musk, Ford, Tesla, doesn’t Organizations: CNN, Toyota, — Toyota, General Motors, GM, Benz, Nissan, Honda, Hyundai, Kia, Lexus, EV, CCS, Ford, Chrysler, Fiat, Volkswagen, Mazda, Subaru Locations: EVs, America
A pipe for transporting carbon dioxide to removal equipment is shown at the Tomakomai carbon, capture and storage (CCS) test site in Tomakomai, Hokkaido prefecture, Japan March 22, 2018. Japan aims to cut total carbon emissions by 46% by 2030 from 2013 levels, and has pledged to become carbon neutral by 2050. In Japan, those difficulties are made worse by the already-strained state of the national power system due to the sharp drop in nuclear power generation since the 2011 Fukushima disaster. Over the longer term, Japan is also targeting increases in wind power generation, especially from offshore sites. Electric vehicle sales are accelerating in Japan, but remain a tiny proportion of Japan's total car fleetHowever, EVs represented just 3% of total car sales last year, and account for less than 1% of Japan's total car stock.
Persons: Aaron Sheldrick, EVs, Gavin Maguire, Diane Craft Organizations: REUTERS, Energy Institute, Japan, International Energy Agency, IEA, Reuters, Thomson Locations: Tomakomai, Hokkaido prefecture, Japan, LITTLETON , Colorado, India, China, United States, Europe
Analyst firm CCS Insight is predicting a "cold shower" for generative AI in 2024. The firm's chief analyst told CNBC he believes the technology is overhyped and faces immense costs to deploy. AdvertisementAdvertisementAn analyst firm is predicting a "cold shower" for generative AI in 2024. "Just the cost of deploying and sustaining generative AI is immense," said Wood. AdvertisementAdvertisementFor context, AI relies on chips to run, and the firm's prediction comes amid concerns about a global chip shortage.
Persons: , Ben Wood, Wood, Elon Musk, Dylan Patel Organizations: Insight, CNBC, Service, CCS, CCS Insight, Google, Elon, Nvidia, Reuters Locations: London
SeongJoon Cho | Bloomberg via Getty ImagesSmartphones with displays capable of repairing themselves could start appearing on the market by 2028, according to analyst firm CCS Insight. Companies have been talking about smartphone display technology that can be self-repaired for several years now. LG, the South Korean consumer electronics giant, was touting self-healing technology in its smartphones as far back as 2013. Phone makers are getting more and more inventive when it comes to display technology. The company's HTC Hero, HTC Legend, HTC Desire and HTC One were among some of the leading Android phones.
Persons: SeongJoon Cho, Wood, We're, Apple, HTC Organizations: Samsung, Bloomberg, Getty, CCS Insight, CNBC, Companies, LG, South, Motorola, Mobile, HTC, Insight, Google, Meta, Sony, Apple, they'll Locations: Barcelona
The main forecast CCS Insight has for 2024 is that generative AI "gets a cold shower in 2024" as the reality of the cost, risk and complexity involved "replaces the hype" surrounding the technology. "But the hype around generative AI in 2023 has just been so immense, that we think it's overhyped, and there's lots of obstacles that need to get through to bring it to market." Companies have to acquire high-powered chips to run AI applications. In the case of generative AI, it's often advanced graphics processing units, or GPUs, designed by U.S. semiconductor giant Nvidia that large companies and small developers alike turn to to run their AI workloads. "Just the cost of deploying and sustaining generative AI is immense," Wood told CNBC.
Persons: Ben Wood, Wood, Google Bard, Anthropic's Claude, it's Organizations: Artificial Intelligence, CCS Insight, Google, Qualcomm, Meta, CNBC, Companies, Nvidia, Amazon Locations: Shanghai, U.S
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSEOUL, Oct 5 (Reuters) - Hyundai Motor Co (005380.KS) said on Thursday it has decided to adopt Tesla Inc's (TSLA.O) electric vehicle (EV) charging technology in the United States and Canada. That will give Hyundai EVs with NACS ports access to more than 12,000 Tesla Superchargers across the United States, Canada, and Mexico, the company said. Owners of existing and future Hyundai EVs with the current CCS will have access to the Tesla Supercharging Network starting in the first quarter of 2025. In June, Hyundai Motor said it would consider making its vehicles more readily compatible with the NACS charging system. Tesla's NACS is widely available, with the U.S. Department of Energy saying they make up about 60% of the fast chargers in the United States.
Persons: Andrew Kelly, Tesla, Hyundai's, Elon, company's superchargers, Jose Munoz, NACS, Heekyong Yang, Christian Schmollinger Organizations: Hyundai Kona, New York, REUTERS, Rights, Hyundai, Ford, General Motors, Nissan, Hyundai Motor, Hyundai Motor's, Global, CCS, Tesla Supercharging Network, U.S . Department of Energy, Volkswagen, Kia Corp, BMW, Thomson Locations: Manhattan , New York City, U.S, Rights SEOUL, KS, United States, Canada, Mexico
In 2025, Hyundai will begin providing adapters to owners of older Hyundai models with the Combined Charging System ports their EVs are currently built with. The three South Korean automakers are all part of Hyundai Motor Group, although Hyundai and Kia operate as separate companies in the United States. A major stepThis marks an especially significant development for the Tesla charging system. Counted together, Hyundai, Kia and Genesis would be the second-best-selling EV manufacturer in the United States after Tesla, according to figures from Kelley Blue Book. Having more automakers and charging companies using its standard has been seen as a win for Tesla.
Persons: Tesla, Kelley, Elon Musk Organizations: New, New York CNN, South, Kia, Hyundai, Ford, General Motors, Mercedes, Benz, Nissan, Honda, Hyundai Motor Group, Kona, Niro, Genesis, GM, EV, CCS, Tesla Locations: New York, United States
The new iPhone 15 might appeal to anyone who is upgrading from a model that dates from 2020 or earlier, such as the iPhone 12. Unless you're a hardcore iPhone fan, it's probably fine to go for the cheaper iPhone 14 if you're upgrading. AdvertisementAdvertisementThe iPhone 14 will feel like a big upgrade anywayApple's iPhone 14 Pro model. As the iPhone 15 hits shelves around the world, prices for last year's iPhone 14 — which Insider reviewed strongly — start at $699, $100 cheaper than the basic version of the latest model. AdvertisementAdvertisement"Ultimately the differences between the iPhone 14 and iPhone 15 aren't enormous.
Persons: , Ben Woods, Antonio Villas, Max, Mario Tama, Pro Max, Tim Cook, Justin Sullivan, Woods Organizations: Service, Apple, CCS Insight, Boas, European Union, Getty, Pro Locations: European
More automakers plug into Tesla's EV charging network
  + stars: | 2023-09-21 | by ( ) www.reuters.com   time to read: +1 min
A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsSept 21 (Reuters) - More automakers signed up to access Tesla's electric-vehicle charging infrastructure across the United States, taking the Elon Musk-led company's superchargers closer to becoming the industry standard. Texas has approved a plan to require EV charging companies to include Tesla's plug if they want to be eligible for federal funds. Tesla's North American Charging Standard is more widely available and reliable than rival charging network CCS, which is backed by automakers such as Volkswagen (VOWG_p.DE) and Hyundai Motor (005380.KS). Here is a list of the companies adopting NACS:List of U.S. states that have either mandated Tesla's charging tech or plan to:Reporting by Akash Sriram and Jaspreet Singh in Bengaluru; Additional reporting by Chavi Mehta; Editing by Devika Syamnath and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Thomas Peter, Elon, company's superchargers, Akash Sriram, Jaspreet Singh, Chavi Mehta, Devika Syamnath, Arun Koyyur Organizations: REUTERS, EV, CCS, Volkswagen, Hyundai, Thomson Locations: Beijing, China, United States, Texas, Bengaluru
Simply put, America's patchwork of CCS chargers offers spotty coverage, hard-to-use devices, and, too often, chargers that are broken. Not to mention, there are fewer than 12,000 CCS fast chargers across the U.S. today. Opening up the Tesla charging network to our customers, that's about them and it scales very quickly for them. watch nowThe broad uptake of Tesla's charging tech is generally good news. What's more, Tesla's chargers all work the same way, whereas CCS chargers from rival companies may have very different procedures.
Persons: Mark Blinch, Reuters There's, General Motors, it's, Joe Biden, Tesla, Justin Sullivan, JD Power, Brent Gruber, Ford, John Lawler, Lawler, We're, Elon Musk, EVgo Organizations: Benz, Canadian, Reuters, Ford Motor, General, Volkswagen, Cox Automotive, Consumer, Energy, Institute, University of Chicago, Associated Press, NORC, for Public Affairs Research, United Auto Workers, EV, Public, U.S . Department of Energy, , Detroit, CCS, University of California, JD, Ford EV, Ford, GM, Volvo, Mercedes, SAE International, ABB Locations: Toronto , Ontario, Canada, U.S, San Rafael , California, Berkeley, Bay, Swiss
Direct air capture involves extracting carbon directly from the atmosphere. The technology could be developed on the back of Exxon's carbon capture and storage (CCS) business which will also involve trapping emissions underground, Crocker said. Exxon last year extended a joint research agreement with DAC developer Global Thermostat, intended to accelerate development of the technology for full-scale deployment. DAC "would link very closely to our CCS business where we are going to have large geologic storage and the capability to capture CO2," Crocker said. Limiting its own emissions and CCS take up the majority of the $17 billion allocated for Exxon's Low Carbon business through 2022-2027.
Persons: Sergio Moraes, Matthew Crocker, Crocker, Sabrina Valle, David Gregorio Our Organizations: Exxon Mobil Corp, Oil, Gas Expo, REUTERS, Rights, Exxon, United Nations, Global, Occidental, CCS, Exxon's, Deloitte, Thomson Locations: Rio de Janeiro, Brazil, Rights CALGARY , Alberta, Houston
OTTAWA, Sept 18 (Reuters) - More than a year after Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said. The government "urgently needs to get as much of this out the door this fall as possible." Masterson says there are "well beyond C$25 billion of proposed investments" in more than a dozen projects in his industry that are waiting for the incentives. An additional C$17 billion in ITCs for clean hydrogen, electricity and manufacturing were announced six months ago and those are at an earlier stage. Adam Auer, president of Cement Association of Canada, said his members have "billions" in projects that are waiting on the ITCs.
Persons: Justin Trudeau's, Bob Masterson, Masterson, Trudeau, Dennis Darby, Darby, Adam Auer, Rachelle Schikorra, Steve Scherer, Timothy Gardner Organizations: Canada, Justin Trudeau's Liberal, Chemistry Industry Association of Canada, Canadian Manufacturers, CME, Cement Association of Canada, Dow Chemicals, Reuters, Thomson Locations: OTTAWA, United States, U.S, Exshaw , Alberta, Canada, Fort Saskatchewan , Alberta
CALGARY, Alberta, Sept 18 (Reuters) - Alberta Premier Danielle Smith said on Monday she wanted to announce the details of investment tax credits to support carbon capture and storage (CCS) projects at the COP 28 climate summit in Dubai at the end of this year. Smith made the announcement during a news conference on the sidelines of the World Petroleum Congress in Calgary. Alberta is Canada's main producer of crude oil and natural gas, and its highest carbon-emitting province. COP 28 runs from Nov. 30 until Dec. 12. Reporting by Nia Williams; writing by David Ljunggren; Editing by Leslie Adler and Richard ChangOur Standards: The Thomson Reuters Trust Principles.
Persons: Danielle Smith, Smith, Nia Williams, David Ljunggren, Leslie Adler, Richard Chang Organizations: World Petroleum Congress, Pathways Alliance, Suncor Energy, Cenovus Energy, Thomson Locations: CALGARY, Alberta, Dubai, Calgary . Alberta, Ottawa
The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Workers at Chevron's two liquefied natural gas (LNG) projects in Australia plan to escalate industrial action from Thursday to anything from a total strike to hours-long work stoppages, their union said, increasing the risk of disrupted output from facilities accounting for over 5% of global supply. Workers at the Gorgon and Wheatstone facilities have been stopping work briefly for the past six days, after talks with Chevron over wages and working conditions broke down. The unions had said they would ratchet the pressure on the company from Thursday, possibly by completely stopping work. "We are strategically assessing the protected industrial action we need to take every 12 hours and will continue to escalate at times which align with our industrial strategy."
Persons: Wheatstone Organizations: Chevron Corp, Workers, Chevron, Traders Locations: Barrow Island, Australia, Asia
CNN —Apple retired its Lightning charger on Tuesday exactly 11 years to the day it was first announced. The EU’s decision is part of a greater effort to tackle e-waste overall, but could it generate more in the short term as people phase out their Lightning cables. But knockoffs abound, and some USB-C chargers are much safer than others. Among CNN Underscored’s top recommendations for USB-C chargers are from big brands, including Anker, Belkin, Apple, Amazon and Google. Retiring the Lightning cable could even generate, in the short term, a surge of e-waste as iPhone users toss their useless Lightning cables in a drawer.
Persons: CNN —, pare, , Ben Wood, Apple’s, Greg Joswiak, ” Joswiak, David McQueen, ” McQueen, Thomas Husson, Anker, Belkin, ” Wood, Apple Organizations: CNN, CNN — Apple, Apple, European Union, CCS Insight, ABI Research, Forrester Research, Google Locations: EU
CNN —Apple is expected to debut its iPhone 15 lineup Tuesday at the company’s annual September keynote event, and it could introduce the biggest change to the phone’s design in 11 years. Other iPhone 15 featuresThe entire iPhone 15 lineup is rumored to get the “Dynamic Island” feature — an interactive home for alerts, notifications and various controls — that replaces the notch on top of the screen. Although there are few other rumors circulating about its entry-level iPhone models, the iPhone 15 Pro and 15 Pro Max models are expected to get a handful of new features, according to a Bloomberg report. What not to expectWith the new iPhone expected to take center stage, many analysts don’t anticipate Apple will release new iPads or Mac computers until October. And despite rivals Samsung and Google doubling down on foldable devices, Apple is still not expected to unveil a similar version this fall.
Persons: Apple, pare, , Ben Wood, Apple’s, Greg Joswiak, Max, Yoram Wurmser, , It’s Organizations: CNN, Apple, European Union, CCS Insight, Bloomberg, Vision, Insider Intelligence, Apple Watch, Samsung, Google Locations: Cupertino , California, EU
The presence of Amazon, Qualcomm, Samsung and other tech giants underscores how traditional automakers are looking to bolster the tech in their cars. Ramping up technology features is also essential to meet buyer expectations in China. Driverless features pushA big part of the focus of Tesla technology has surrounded its Autopilot ADAS. No car can operate autonomously — at least from a legal perspective — but automakers are ramping up the driverless features and capabilities. watch nowMore traditional automakers are looking to catch up in the area of driverless features.
Persons: Arjun Kharpal, You'd, Tesla, Mohit Sharma, That's, Xingji, Lucid Organizations: Amazon, IAA, Qualcomm, Samsung, CNBC, CCS Insight, Benz, Swedish EV, Polestar, BMW, Neue Locations: Munich, China, Swedish, U.S
CNN —Apple is expected to debut its iPhone 15 lineup Tuesday at the company’s annual September keynote event, and it could introduce the biggest change to the phone’s design in 11 years. Other iPhone 15 featuresThe entire iPhone 15 lineup is rumored to get the “Dynamic Island” feature — an interactive home for alerts, notifications and various controls — that replaces the notch on top of the screen. Although there are few other rumors circulating about its entry-level iPhone models, the iPhone 15 Pro and 15 Pro Max models are expected to get a handful of new features, according to a Bloomberg report. It’s also likely to announce launch dates for its next-generation operating systems for the iPhone, iPads, Mac computers and Apple Watch. What not to expectWith the new iPhone expected to take center stage, many analysts don’t anticipate Apple will release new iPads or Mac computers until October.
Persons: Apple, pare, , Ben Wood, Apple’s, Greg Joswiak, Max, Yoram Wurmser, , It’s Organizations: CNN, Apple, European Union, CCS Insight, Bloomberg, Vision, Insider Intelligence, Apple Watch, Samsung, Google Locations: Cupertino , California, EU
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