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Oct 11, 2024 | 
asiafinancial.com | Sean O’Meara |Sean O'Meara
ByteDance-owned social-media platform TikTok is to axe hundreds of jobs as it shifts more of its moderation work away from humans and to artificial intelligence, the South China Morning Post reported. TikTok already employs a mix of automated detection and human moderators to review content posted on the site but is now accelerating the switch to AI, at the cost of about 500 roles, mostly based in Malaysia, the report continued.
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Oct 10, 2024 | 
asiafinancial.com | Sean O’Meara |Sean O'Meara
Renewables are on track to produce nearly half of the world’s electricity by the end of the decade, Yale Environment 360 reported. Citing a new report by the International Energy Agency, over the next six years the world will add more than 5,500 gigawatts of renewable capacity – equal to the total current capacity of China, India, the US and EU combined – with solar accounting for most of the growth, the story continued.
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Oct 9, 2024 | 
asiafinancial.com | Sean O’Meara |Sean O'Meara
Social media platform X has overtaken WeChat as the primary source of disinformation among Chinese-Americans about the upcoming US presidential election, GlobalVoices reported.
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Oct 7, 2024 | 
asiafinancial.com | Sean O’Meara |Sean O'Meara
Liquefied natural gas has left a greenhouse gas footprint a third-larger than coal over the last two decades, a new Cornell study says. The methane and carbon dioxide emissions released during the extraction of LNG, and also during its processing, transportation and storage, account for approximately half of its total greenhouse gas footprint, a report in the Cornell Chronicle revealed. “Natural gas and shale gas are all bad for the climate.
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Oct 4, 2024 | 
asiafinancial.com | Sean O’Meara |Sean O'Meara
Forest fires that have burned around the world, during what have been the Earth’s two hottest years in recorded history, have hugely lengthened the odds on nations’ ability to fight climate change, The Guardian reported. Wildfires across Brazil, the US, Greece, Portugal and even the Arctic Circle are having a double impact on the global climate, the story on the UK news site continued, by releasing carbon from the burned trees and by reducing the capacity of forests to absorb carbon dioxide.
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Oct 3, 2024 | 
asiafinancial.com | Sean O’Meara |Sean O'Meara
Taiwan saw its third day of business and school closures on Thursday as Typhoon Krathon made landfall, bringing with it winds of up to 162kph (101 mph), AP News reported. Krathon swept across the industrial Siaogang District of Kaohsiung, the Central Weather Administration said, shutting factories as the storm continues to take a significant toll on the high-tech economy that relies heavily on foreign trade, the story continued.
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Oct 2, 2024 | 
asiafinancial.com | Sean O’Meara |Sean O'Meara
The darling of the artificial intelligence world, OpenAI, is reportedly staring at a $5 billion loss this year despite a 1,700% surge in revenue, CNBC reported. The creator of ChatGPT has seen revenue of $3.7 billion so far this year, the story continued, and is set to bring in $11.6 billion in sales next year, an unnamed OpenAI claimed.
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Sep 27, 2024 | 
asiafinancial.com | Sean O’Meara |Sean O'Meara
Electric vehicles sales growth may have slowed but the numbers are still positive despite widespread pessimism about the sector, ArsTechnica reported. Battery-electric vehicles accounted for 8% of new vehicle sales in June and July of this year and remain on target to be above that figure for September, according to estimates from S&P Global Mobility, the story on the tech news website continued.
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Sep 26, 2024 | 
asiafinancial.com | Sean O’Meara |Sean O'Meara
General Motors’ Chinese joint venture, SAIC-GM, and power battery giant CATL have unveiled a new super-fast charging battery that can run for 200km on a five-minute charge, CnEvPost reported. The battery tie-up says it has built a first-of-its-kind power pack based on lithium iron phosphate (LFP) chemistry that supports 6C ultra-fast charging, the report continued, and plans to roll it out to vehicle-makers next year.
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Sep 25, 2024 | 
asiafinancial.com | Sean O’Meara |Sean O'Meara
Former FTX cryptocurrency exchange executive Caroline Ellison – and the ex-girlfriend of its founder Sam Bankman-Fried – has been sent to prison for two years and ordered to pay $11 billion by a New York court, the BBC reported. Described as one of biggest financial frauds in US history, Ellison admitted charges of wire fraud and money laundering, and testified against Bankman-Fried who was sentenced to 25 years in prison for stealing more than $8 billion from customers, the story continued.
