The artificial-intelligence boom is sending Silicon Valley’s talent wars to new extremes.

Tech companies are serving up million-dollar-a-year compensation packages, accelerated stock-vesting schedules and offers to poach entire engineering teams to draw people with expertise and experience in the kind of generative AI that is powering ChatGPT and other humanlike bots. They are competing against each other and against startups vying to be the next big thing to unseat the giants.

The offers stand out even by the industry’s relatively lavish past standards of outsize pay and perks. And the current AI talent shortage stands out for another reason: It is happening as layoffs are continuing in other areas of tech and as companies have been reallocating resources to invest more in covering the enormous cost of developing AI technology.

“There is a secular shift in what talents we’re going after,” says Naveen Rao, head of Generative AI at Databricks. “We have a glut of people on one side and a shortage on the other.”

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“There is a secular shift in what talents we’re going after,” says Naveen Rao, head of Generative AI at Databricks. “We have a glut of people on one side [in tech] & a shortage on the other” https://t.co/yfHihwU937

— Jim Russell (@ProducerCities) March 27, 2024

Mark Kelly of Recorded Future, a cyber-security firm, says his company is aware of about 50 hacking groups in China, including private firms working for the mss or People’s Liberation Army. There are undoubtedly many more. Mr Kelly describes China’s cyber-espionage efforts as “orders of magnitude” greater in scale than those mounted by Russia or North Korea.

As the indictment shows, they are surprisingly devolved. Some of them specialise in spying on different parts of the world, says Nigel Inkster, a former deputy head of Britain’s spy agency, mi6. They have considerable leeway to do as they wish, he says: “I’m not even sure that there is any kind of formal political clearance mechanism.” Much of their work is subcontracted to private firms. Last month a huge online dump of documents from one such company, i-Soon, showed its involvement in large-scale cyber-snooping on behalf of a variety of government agencies.

The West’s anxieties, not least about the hackers’ theft of corporate data, are becoming increasingly manifest. In January the head of the fbi, Christopher Wray, said that China’s state-sponsored hackers outnumbered his agency’s cyber-personnel by “at least 50 to one”. He added that China’s hackers are laying the groundwork for a possible Chinese strike, “positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities.”

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The West’s anxieties about Chinese cyber-espionage are becoming increasingly manifest. But if it hopes that naming, shaming and sanctions will dissuade the spooks, it is likely to be disappointed https://t.co/MnQGij3lds 👇

— The Economist (@TheEconomist) March 27, 2024

A team led by Google scientists has developed a machine-learning tool that can help to detect and monitor health conditions by evaluating noises such as coughing and breathing. The artificial intelligence (AI) system, trained on millions of audio clips of human sounds, might one day be used by physicians to diagnose diseases including COVID-19 and tuberculosis and to assess how well a person’s lungs are functioning.

This is not the first time a research group has explored using sound as a biomarker for disease. The concept gained traction during the COVID-19 pandemic, when scientists discovered that it was possible to detect the respiratory disease through a person’s cough.

What’s new about the Google system — called Health Acoustic Representations (HeAR) — is the massive data set that it was trained on, and the fact that it can be fine-tuned to perform multiple tasks.

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Google AI could soon use a person’s cough to diagnose disease

Machine-learning system trained on millions of human audio clips shows promise for detecting COVID-19 and tuberculosis. @marilenharo https://t.co/SyYt96CPk1

— Ashis Basu 🇨🇦 (@BasuAshis) March 22, 2024

Oceans marked 365 straight days of record-breaking global sea surface temperatures this week, fuelling concerns among international scientists that climate change could push marine ecosystems beyond a tipping point.

The consistent climb in temperatures reached a peak on Wednesday when the new all-time high was set for the past 12 months, at 21.2C.

The world’s seas have yet to show any signs of dropping to typical, seasonal temperatures, with daily records consecutively broken since they first went off the charts in mid-March last year, according to data from the US National Atmospheric and Oceanic Administration and the Climate Reanalyzer research collaboration.

Driven by human-caused climate change and amplified by the cyclical El Niño weather phenomenon that warms the Pacific Ocean, this exceptional heat has bleak implications.

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„Climate graphic of the week: Oceans set heat records for more than 365 days in a row“ https://t.co/utI21M9PFM

— Özden Terli (@TerliWetter) March 18, 2024

An urgent care chain in Ohio may be forced to stop paying rent and other bills to cover salaries. In Florida, a cancer center is racing to find money for chemotherapy drugs to avoid delaying critical treatments for its patients. And in Pennsylvania, a primary care doctor is slashing expenses and pooling all of her cash — including her personal bank stash — in the hopes of staying afloat for the next two months.

These are just a few examples of the severe cash squeeze facing medical care providers — from large hospital networks to the smallest of clinics — in the aftermath of a cyberattack two weeks ago that paralyzed the largest U.S. billing and payment system in the country. The attack forced the shutdown of parts of the electronic system operated by Change Healthcare, a sizable unit of UnitedHealth Group, leaving hundreds, if not thousands, of providers without the ability to obtain insurance approval for services ranging from a drug prescription to a mastectomy — or to be paid for those services.

In recent days, the chaotic nature of this sprawling breakdown in daily, often invisible transactions led top lawmakers, powerful hospital industry executives and patient groups to pressure the U.S. government for relief. On Tuesday, the Health and Human Services Department announced that it would take steps to try to alleviate the financial pressures on some of those affected: Hospitals and doctors who receive Medicare reimbursements would mainly benefit from the new measures.

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The hacking shut down the nation’s biggest health care payment system, causing financial chaos that affected a broad spectrum ranging from large hospitals to single-doctor practices. https://t.co/f5JZcFToFy

— NYT Science (@NYTScience) March 6, 2024

The world’s carbon dioxide emissions from energy rose yet again to a new high in 2023 despite fossil fuel use falling in the advanced economies of the EU and US, the latest International Energy Agency report shows.

Emissions reached a record 37.4bn tonnes as droughts and rising energy demand pushed up fossil fuel use, a rise of 1.1 per cent, or 410mn tonnes, compared to the year before.

This runs counter to the need for emissions to be cut by almost 45 per cent by 2030 to limit long-term global warming to no more than 1.5C since the pre-industrial era. Already the rise in temperatures is at least 1.1C, and last year was the hottest on record.

Higher emissions from India and China helped offset reductions in the EU and the US, as the developing economies remained heavily reliant on coal to meet energy demand even as they also develop cleaner energy. 

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Emissions reach record high despite growth in clean energy, IEA says https://t.co/Z4yLX1GjCA

— Financial Times (@FT) March 1, 2024

Six days before Christmas, the US Department of Justice loudly announced a win in the ongoing fight against the scourge of ransomware: An FBI-led, international operation had targeted the notorious hacking group known as BlackCat or AlphV, releasing decryption keys to foil its ransom attempts against hundreds of victims and seizing the dark web sites it had used to threaten and extort them. “In disrupting the BlackCat ransomware group, the Justice Department has once again hacked the hackers,” deputy attorney general Lisa Monaco declared in a statement.

Two months and one week later, however, those hackers don’t appear particularly “disrupted.” For the last seven days and counting, BlackCat has held hostage the medical firm Change Healthcare, crippling its software in hospitals and pharmacies across the United States, leading to delays in drug prescriptions for an untold number of patients.

The ongoing outage at Change Healthcare, first reported to be a BlackCat attack by Reuters, represents a particularly grim incident in the ransomware epidemic not just due to its severity, its length, and the potential toll on victims’ health. Ransomware-tracking analysts say it also illustrates how even law enforcement’s wins against ransomware groups appear to be increasingly short-lived, as the hackers that law enforcement target in carefully coordinated busts simply rebuild and restart their attacks with impunity.

“Because we can’t arrest the core operators that are in Russia or in areas that are uncooperative with law enforcement, we can’t stop them,” says Allan Liska, a ransomware-focused researcher for cybersecurity firm Recorded Future.

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Two months ago, the FBI “disrupted” the BlackCat ransomware group. They're already back—and their latest attack is causing delays at pharmacies across the US. https://t.co/iowdfRdtXY

— WIRED (@WIRED) February 28, 2024

Pharmacies warned of long waits for customers and U.S. military clinics worldwide have been affected after a cyberattack against one of the country’s largest prescription processors rolled into a third day of downtime.

Health industry experts said that a cyberattack against Change Healthcare, part of insurer UnitedHealth Group’s Optum business, could have severe and lasting consequences should outages continue past the weekend.

“It’s a mess, and I believe it’s our Colonial Pipeline moment in healthcare,” said Carter Groome, chief executive of healthcare-focused consulting firm First Health Advisory, referring to a 2021 cyberattack that forced the major fuel artery for the U.S. East Coast to shut down for six days, causing long lines at gas stations.

Change Healthcare was merged with Optum, a healthcare provider, in 2022 by UnitedHealth. Change Healthcare provides prescription processing services through Optum, which supplies technology services for more than 67,000 pharmacies and care to 129 million individual customers.

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📰via @WSJ:
Pharmacies warned of long waits for customers and U.S. military clinics worldwide have been affected after a cyberattack against one of the country’s largest prescription processors rolled into a third day of downtime. https://t.co/vc337OVkmS

— FDD's Center on Cyber & Technology Innovation (@FDD_CCTI) February 26, 2024

For decades, privacy experts have been wary of snooping from space. They feared satellites powerful enough to zoom in on individuals, capturing close-ups that might differentiate adults from children or suited sunbathers from those in a state of nature.

Now, quite suddenly, analysts say, a startup is building a new class of satellite whose cameras would, for the first time, do just that.

“We’re acutely aware of the privacy implications,” Topher Haddad, head of Albedo Space, the company making the new satellites, said in an interview. His company’s technology will image people but not be able to identify them, he said. Albedo, Mr. Haddad added, was nonetheless taking administrative steps to address a wide range of privacy concerns.

Anyone living in the modern world has grown familiar with diminishing privacy amid a surge security cameras, trackers built into smartphones, facial recognition systems, drones and other forms of digital monitoring. But what makes the overhead surveillance potentially scary, experts say, is its ability to invade areas once seen as intrinsically off limits.

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For decades, privacy experts have been wary of snooping from space. They feared satellites powerful enough to zoom in on individuals, capturing close-ups. Now, analysts say, a startup is building a new class of satellite whose cameras would do just that. https://t.co/fDxPpUWTZZ

— The New York Times (@nytimes) February 21, 2024

Russia, China and other U.S. adversaries are using the newest wave of artificial intelligence tools to improve their hacking abilities and find new targets for online espionage, according to a report Wednesday from Microsoft and its close business partner OpenAI.

While computer users of all stripes have been experimenting with large language models to help with programming tasks, translate phishing emails and assemble attack plans, the new report is the first to associate top-tier government hacking teams with specific uses of LLM. It’s also the first report on countermeasures and comes amid a continuing debate about the risks of the rapidly developing technology and efforts by many countries to put some limits on its use.

The document attributes various uses of AI to two Chinese government-affiliated hacking groups and to one group from each of Russia, Iran and North Korea, comprising the four countries of foremost concern to Western cyber defenders.

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"#Russia, #China & other U.S. adversaries .. using .. #ArtificialIntelligence tools to improve their #Hacking abilities & find new targets for online espionage, according to a report Wednesday from @Microsoft .. close business partner @OpenAI." @josephmenn https://t.co/V06CVI0Mvw

— Christina Ayiotis, Esq., CRM, CIPP/E (@christinayiotis) February 15, 2024

The NTSB said the door plug was opened at Boeing’s Renton factory so a team from supplier Spirit AeroSystems of Wichita, Kan., could repair damaged rivets adjacent to the door plug on the 737 MAX 9 jet.

The fix required removal of insulation and interior panels at that location and the opening of the door plug. After the rivets were repaired, a Boeing team worked to restore the interior.

Federal regulations require that every manufacturing job that goes into assembly of an airplane be documented. And critical tasks have to be signed off by quality inspectors.

A month after the blowout, though, Boeing has not provided the NTSB with documentation about who opened and re-closed the door plug, how exactly it was done and with what authorization.

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A Boeing 737 MAX 9 was missing key bolts when it was delivered to Alaska Airlines, the National Transportation Safety Board says in a preliminary report on Flight 1282's blowout over Portland. https://t.co/1ygq2zDdmg

— The Seattle Times (@seattletimes) February 7, 2024

First popularised by a 2017 article in Cosmopolitan magazine, it describes a casual romance between two people that has some of the hallmarks of a formal relationship but without the commitment.

Dating experts say situationships are the natural result of apps such as Tinder, which make it easier for those seeking convenience rather than commitment. And big brands are attempting to capitalise on the trend.

Ahead of February 14, the US makers of Sweethearts — a treat similar to the Love Hearts sold in the UK — released “Situationships” boxes with the usual loved-up messages such as “true love” and “only you” printed in a blurry font.

The Spangler Candy Company said it wanted to “speak to all the people out there in hard-to-read relationships”, and judging by the sales there are plenty of customers. A limited first run of the sweets went on sale last month and was snapped up in four minutes, while another batch made available on Thursday also quickly sold out.

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'“The ambiguous territory that lies between friendship and a committed relationship offers a preferable alternative to the stark solitude of being entirely single and alone.”

Chan said this apprehension has led to the creation of new terms such as “hesidating” and “Foda” (fear…

— Kendall Harmon (@KendallHarmon6) February 5, 2024

In a 30-square-mile patch of northern Virginia that’s been dubbed “data center alley,” the boom in artificial intelligence is turbocharging electricity use. Struggling to keep up, the power company that serves the area temporarily paused new data center connections at one point in 2022. Virginia’s environmental regulators considered a plan to allow data centers to run diesel generators during power shortages, but backed off after it drew strong community opposition.

In the Kansas City area, a data center along with a factory for electric-vehicle batteries that are under construction will need so much energy the local provider put off plans to close a coal-fired power plant.

This is how it is in much of the US, where electric utilities and regulators have been caught off guard by the biggest jump in demand in a generation. One of the things they didn’t properly plan for is AI, an immensely power-hungry technology that uses specialized microchips to process mountains of data. Electricity consumption at US data centers alone is poised to triple from 2022 levels, to as much as 390 terawatt hours by the end of the decade, according to Boston Consulting Group. That’s equal to about 7.5% of the nation’s projected electricity demand. “We do need way more energy in the world than we thought we needed before,” Sam Altman, chief executive officer of OpenAI, whose ChatGPT tool has become a global phenomenon, said at the World Economic Forum in Davos, Switzerland last week. “We still don’t appreciate the energy needs of this technology.”

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AI needs so much power that old coal plants are sticking around https://t.co/VBOC34Uz8j

— Businessweek (@BW) January 25, 2024

The latest development in the industry is upending this dynamic. Private-markets giants are buying and partnering with insurers on an unprecedented scale. This is transforming their business models, as they expand their lending operations and sometimes their balance-sheets. America’s $1.1trn market for fixed annuities, a type of retirement-savings product offered by life insurers, has been the focus so far. But Morgan Stanley, a bank, reckons that asset managers could eventually pursue insurance assets worth $30trn worldwide. Regulators are nervous that this is making the insurance industry riskier. Is the expansion by private-markets giants a land-grab by fast-and-loose investors in a systemically important corner of finance? Or is it the intended consequence of a more tightly policed banking system?

Apollo, which has a well-deserved reputation for financial acrobatics, is leading the way. In 2009 it invested in Athene, a newly formed reinsurance business based in Bermuda. By 2022, when Apollo merged with Athene, the operation had grown to sell more fixed annuities than any other insurer in America. Today Apollo manages more than $300bn on behalf of its insurance business. During the first three quarters of 2023, the firm’s “spread-related earnings”, the money it earned investing policyholders’ premiums, came to $2.4bn, or nearly two-thirds of total earnings.

Imitation can be a profitable form of flattery. kkr’s tie-up with Global Atlantic, an insurer it finished buying this month, resembles Apollo’s bet. Blackstone, meanwhile, prefers to take minority stakes. It now manages $178bn of insurance assets, collecting handsome fees. Brookfield and Carlyle have backed large Bermuda-based reinsurance outfits. tpg is discussing partnerships. Smaller investment firms are also involved. All told, life insurers owned by investment firms have amassed assets of nearly $800bn. And the traffic has not been entirely one-way. In November Manulife, a Canadian insurer, announced a deal to buy cqs, a private-credit investor.

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Wall Street titans are betting big on insurers. What could go wrong? https://t.co/GeGZs4ULQN

— Tim McBride (@mcbridetd on Bluesky) (@mcbridetd) January 24, 2024

International trade is constrained by eight primary maritime chokepoints, hard realities imposed by immutable geography. The United States has long recognized a vital national security interest in ensuring freedom of navigation through each of them. This strike helped protect those interests.

Half of these eight global chokepoints are dispersed widely. Only one each can be found in Europe (the Strait of Gibraltar), in Africa (the Cape of Good Hope), in East Asia (the Straits of Malacca), and in the Americas (the Panama Canal). Unfortunately, the other half of these critical chokepoints are all concentrated in a relatively small region where southwestern Asia meets Europe and Africa: the Bosporus Strait, the Suez Canal, the Bab-el-Mandeb Strait, and the Strait of Hormuz. This area also happens to be the most important single source of the energy required to sustain global economic growth. Those two facts explain why US presidents keep rediscovering the need to focus disproportionately on the Middle East, despite their often-heartfelt desires to do otherwise.

Today, the greatest threat to these chokepoints is Iran and its proxies. The regime in Tehran has long threatened to shut down Hormuz and repeatedly attacked shipping in the area. Most recently, it even threatened to shut down Gibraltar. The Houthis, Iran’s partner and proxy in Yemen, had repeatedly attacked ships transiting the Bab. The Biden administration recognized the threat, laid the diplomatic predicate, assembled the multilateral coalition, deployed the assets, issued clear warnings, and then took action. This is what professional policymaking looks like. One hopes that the right lessons will be learned in both Sanaa and Tehran.

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The US can no longer afford to underestimate the threat posed by the Houthis, much less the threat posed by the wider network that supports Iranian malign behavior, writes @ACMideast’s @WillWechsler.

Read more. ⬇️ https://t.co/OX8fyHaik7

— Atlantic Council (@AtlanticCouncil) January 12, 2024

he share of Americans who own stocks has never been so high.

About 58% of U.S. households owned stocks in 2022, according to the Federal Reserve’s survey of consumer finances released this fall. That is up from 53% in 2019 and marks the highest household stock-ownership rate recorded in the triennial survey. The cohort includes families holding individual shares directly and those owning stocks indirectly through funds, retirement accounts or other managed accounts.

The data provide the most comprehensive snapshot yet of how the Covid-era explosion in investing has reshaped Americans’ personal finances. Stuck at home during the pandemic with extra cash, millions jumped into the stock market for the first time. The elimination of commission fees on stock trading across U.S. brokerages made investing cheaper than ever.

“It created a whole generation of investors,” said Anthony Denier, chief executive of mobile brokerage Webull U.S.

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The percentage of Americans who own stocks has never been higher. The pandemic and zero-commission trading created a whole generation of investors https://t.co/dbbcwsD9zg

— WSJ Markets (@WSJmarkets) December 18, 2023

WeWork raised more than $11 billion in funding as a private company. Olive AI, a health care start-up, gathered $852 million. Convoy, a freight start-up, raised $900 million. And Veev, a home construction start-up, amassed $647 million.

In the last six weeks, they all filed for bankruptcy or shut down. They are the most recent failures in a tech start-up collapse that investors say is only beginning.

After staving off mass failure by cutting costs over the past two years, many once-promising tech companies are now on the verge of running out of time and money. They face a harsh reality: Investors are no longer interested in promises. Rather, venture capital firms are deciding which young companies are worth saving and urging others to shut down or sell.

It has fueled an astonishing cash bonfire. In August, Hopin, a start-up that raised more than $1.6 billion and was once valued at $7.6 billion, sold its main business for just $15 million. Last month, Zeus Living, a real estate start-up that raised $150 million, said it was shutting down. Plastiq, a financial technology start-up that raised $226 million, went bankrupt in May. In September, Bird, a scooter company that raised $776 million, was delisted from the New York Stock Exchange because of its low stock price. Its $7 million market capitalization is less than the value of the $22 million Miami mansion that its founder, Travis VanderZanden, bought in 2021.

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Approximately 3,200 private venture-backed U.S. companies have gone out of business this year, according to data compiled for The New York Times by PitchBook, which tracks start-ups. After staving off collapse by cutting costs, many are out of options. https://t.co/HI0EfcaUJJ

— The New York Times (@nytimes) December 7, 2023

The 137-year-old pharmaceutical and medical-device company has hired 6,000 data scientists and digital specialists in recent years, and spent hundreds of millions of dollars on their work, such as using machines to scour massive health-record datasets. Last year the company opened a state-of-the-art research site near San Francisco that houses advanced data science.

Some early efforts focus on diagnostics, like an algorithm that analyzes heart tests to spot a deadly type of high blood pressure much sooner than humans can, and voice-recognition technology to analyze speech for early signs of Alzheimer’s disease. There’s a virtual-reality goggle set to help train surgeons on procedures like knee replacements.

The long game, though, is a goal that has seen a lot of hype but less concrete proof that it will become a reality: using AI for drug discovery.

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Can 6,000 data scientists and a massive database speed up discovery of new drugs? J&J is trying it. https://t.co/9KKphmEx1U https://t.co/9KKphmEx1U

— The Wall Street Journal (@WSJ) November 30, 2023

In an era where artificial intelligence continues to dazzle with its capabilities, Google’s DeepMind lab has unveiled a new AI known as ‘Student of Games’ (SoG), with the power to outperform human intellect in games that range from the strategic depth of chess to the unpredictable nature of poker. This AI marks a clear leap towards the development of an artificial general intelligence, a technology that aspires to outpace human ability in a sweeping array of tasks.

Recounting SoG’s evolutionary roots, it is evident how the project draws on the heritage of two pivotal AI endeavors – DeepStack and AlphaZero. DeepStack, originating from a collaboration including Martin Schmid at the University of Alberta, was the first AI to triumph over professional poker players. AlphaZero, another DeepMind creation, shattered records by defeating top-tier human players in chess and Go. The distinction between two was their handling of games with different levels of accessible information to the player: poker, a game of hidden information, versus the complete transparency seen in chess.

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Google DeepMind's Student of Games AI Masters Both Chess and Poker https://t.co/GIqojvSVwm

— Amb Antonio Garza (@aogarza) November 16, 2023

We believe it’s in everyone’s interest to maintain a healthy ecosystem of information on YouTube. We have long-standing policies that prohibit technically manipulated content that misleads viewers and may pose a serious risk of egregious harm. However, AI’s powerful new forms of storytelling can also be used to generate content that has the potential to mislead viewers—particularly if they’re unaware that the video has been altered or is synthetically created.

To address this concern, over the coming months, we’ll introduce updates that inform viewers when the content they’re seeing is synthetic. Specifically, we’ll require creators to disclose when they’ve created altered or synthetic content that is realistic, including using AI tools. When creators upload content, we will have new options for them to select to indicate that it contains realistic altered or synthetic material. For example, this could be an AI-generated video that realistically depicts an event that never happened, or content showing someone saying or doing something they didn’t actually do.

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How is it that the noun “mission” has come so to dominate the avalanche of Anglican reports and episcopal directives? It is oddly contentless, unlike the older word “evangelism”, which suggests that we have the good news of the gospel to impart. What is little understood is how this word has come to be shaped by modern management theory.

Successful managers, Lyndon Shakespeare writes, are “makers of worlds by the use of words”, and those words must have particular qualities: “low in definition and direct reference, vague and mysterious in terms of precise content, easy to say, vivid and radical sounding in metaphorical and imagistic terms”. Two key terms that theorists employ for such world-making are “mission” and “vision”, and readers hardly need to be reminded of the recent use of these words in the Vision and Strategy documents.

The distinction between the two terms is that the vision gives the organisation direction and meaning, while the mission strategy points to how it will realise its purpose. The Church of England, however, while embracing managerialism with an unholy hospitality, has confused mission and vision so that mission has displaced the vision to become an end in itself. Every single facet of our lives as Christians is held to be for the sake of mission, and is subsumed in utilitarian fashion to this end.

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Critique of managerialism in the CofE by Alison Milbank ⁦@SaveTheParish⁩ https://t.co/TcJpCXeRK5

— john milbank (@johnmilbank3) October 28, 2023

Carbon emissions from the global electricity sector may peak this year, after plateauing in the first half of 2023, because of a surge in wind and solar power, according to a climate thinktank.

A new report on global electricity generation found that the growth of renewables was so rapid that it was close to the incredibly fast rate required if the world is to hit the tripling of capacity by the end of the decade that experts believe is necessary to stay on the 1.5C pathway.

It also noted that there had been only a slight increase in emissions in the first six months of the year, compared with the same period a year before.

The findings suggest the world may be close to reaching the peak of the global power sector’s carbon emissions, and they could soon even begin to fall in line with global climate targets.

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Global carbon emissions from electric power may peak this year, report says https://t.co/AVuFVBYBDq

— Guardian news (@guardiannews) October 4, 2023

Investors overseeing $23.6 trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss.

Axa Investment Managers, Robeco, the Church Commissioners for England, Storebrand Asset Management and 186 other participants in the Nature Action 100 initiative have written to companies demanding “urgent and necessary actions” to protect and restore ecosystems, according to a statement released Tuesday.

The targeted companies include BHP Group Plc, Alibaba Group Holding Ltd, Nestle SA, Bayer AG, Amazon.com Inc. and Unilever Plc. They were selected based on their market values and participation in industries ranging from mining, food and pharmaceuticals to chemicals and forestry that are considered vital to reversing biodiversity loss by 2030.

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Investors overseeing $23.6 trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss https://t.co/YBXl6RtBou

— Bloomberg (@business) September 26, 2023

The world is at “the beginning of the end” of the fossil fuel era, according to the leading global energy watchdog, which for the first time has forecast that demand for oil, natural gas and coal will all peak before 2030.

The International Energy Agency projected that the consumption of the three major fossil fuels will start to decline this decade because of the rapid growth of renewable energy and the spread of electric vehicles.

“We are witnessing the beginning of the end of the fossil fuel era and we have to prepare ourselves for the next era,” IEA head Fatih Birol said of the projections, due to be published next month in the body’s World Energy Outlook. “It shows that climate policies do work.”

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Today the Episcopal Church commemorates John Henry Hobart, Bishop of New York, 1830

Rector of Trinity Wall Street, 3rd Bishop of New York (1816-30) and founder of General Theological Seminary, he helped promote the extension of the Episcopal Church in Central & Western New York pic.twitter.com/wIkunzNNCd

— The Anglican Church in St Petersburg (@anglicanspb) September 12, 2023

…can A.I. invent?

Legal scholars, patent authorities and even Congress have been pondering that question. The people who answer “yes,” a small but growing number, are fighting a decidedly uphill battle in challenging the deep-seated belief that only a human can invent.

Invention evokes images of giants like Thomas Edison and eureka moments — “the flash of creative genius,” as the Supreme Court justice William O. Douglas once put it.

But this is far more than a philosophical debate about human versus machine intelligence. The role, and legal status, of A.I. in invention also have implications for the future path of innovation and global competitiveness, experts say.

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AI seems to have a limitless bag of tricks. But can it invent?

A group of legal experts are now pressing patent agencies, courts and policymakers to address that question. https://t.co/zq9yWs8soY

— The New York Times (@nytimes) July 15, 2023

An industrial arms race is under way. America welcomes it, saying the world needs green technologies and a diversified supply of chips. It is true that an ocean of public money is bound to accelerate the green transition and reshape supply chains in ways that should increase the security of democracies. Alas, the accompanying economic benefits being promised are an illusion. As we report this week, governments that subsidise and protect manufacturing are more likely to harm their economies than help them.

In ideal conditions, promoting manufacturing can add to innovation and growth. Towards the end of the 20th century South Korea and Taiwan caught up with the West thanks to the careful promotion of manufacturing exports. In industries like planemaking the enormous costs of entry and uncertain future demand can justify support for new firms, as when Europe backed Airbus in the 1970s. Likewise, targeted help can boost national security.

But today’s schemes are likely either to fail or to prove needlessly costly. Countries subsidising chips and batteries are not pursuing catch-up growth but fighting over cutting-edge technology. The market for electric vehicles and batteries is unlikely to become an Airbus-Boeing style duopoly. In the 1980s protectionists argued that Japan would dominate the strategically vital semiconductor industry, owing to its subsidised mastery of memory-chip making. It did not turn out that way.

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Governments are not wrong to pursue good jobs, the green transition or national security. But the potential for the manufacturing obsession to backfire is enormous https://t.co/BXCCBI1Ls0

— The Economist (@TheEconomist) July 16, 2023

Controversial AI theorist Eliezer Yudkowsky sits on the fringe of the industry’s most extreme circle of commentators, where extinction of the human species is the inevitable result of developing advanced artificial intelligence.

“I think we’re not ready, I think we don’t know what we’re doing, and I think we’re all going to die,” Yudkowsky said on this week’s episode of the Bloomberg Originals series AI IRL.

For the past two decades, Yudkowsky has consistently promoted his theory that hostile AI could spark a mass extinction event. As many in the AI industry shrugged or raised eyebrows at this assessment, he created the Machine Intelligence Research Institute with funding from Peter Thiel, among others, and collaborated on written work with futurists such as Nick Bostrom.

To say that some of his visions for the end of the world are unpopular would be a gross understatement; they’re on par with the prophecy that the world would end in 2012. That prediction was based on a questionable interpretation of an ancient text, as well as a dearth of supportive evidence.

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AI doomsday scenarios are gaining traction in Silicon Valley, which can deflect from actual harms like algorithmic bias and racism. https://t.co/Y6nJD8xkGl

— Bloomberg (@business) July 13, 2023

Simon Mackenzie, a security officer at the discount retailer QD Stores outside London, was short of breath. He had just chased after three shoplifters who had taken off with several packages of laundry soap. Before the police arrived, he sat at a back-room desk to do something important: Capture the culprits’ faces.

On an aging desktop computer, he pulled up security camera footage, pausing to zoom in and save a photo of each thief. He then logged in to a facial recognition program, Facewatch, which his store uses to identify shoplifters. The next time those people enter any shop within a few miles that uses Facewatch, store staff will receive an alert.

“It’s like having somebody with you saying, ‘That person you bagged last week just came back in,’” Mr. Mackenzie said.

Use of facial recognition technology by the police has been heavily scrutinized in recent years, but its application by private businesses has received less attention. Now, as the technology improves and its cost falls, the systems are reaching further into people’s lives. No longer just the purview of government agencies, facial recognition is increasingly being deployed to identify shoplifters, problematic customers and legal adversaries.

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British retailers are increasingly using AI facial recognition technology to combat shoplifting, raising questions about its spread as AI rapidly improves and falls in cost.https://t.co/8EH6oebJyp

— The New York Times (@nytimes) June 28, 2023

The Church of England Pensions Board is today announcing its intention to disinvest from Shell plc and other oil and gas companies which are failing to show sufficient ambition to decarbonise in line with the aims of the Paris Agreement.

The new investment restriction announced today will apply to all oil and gas companies that do not have short, medium and long term emissions reduction targets aligned with limiting global warming to 1.5°C, as assessed by the independent Transition Pathway Initiative. The exclusion will apply to equity and also debt investments.

“Today we announce our intention to disinvest from all remaining oil and gas holdings across our equity and debt portfolio,” said John Ball, Chief Executive Officer of the Church of England Pensions Board. “There is a significant misalignment between the long term interests of our pension fund and continued investment in companies seeking short term profit maximisation at the expense of the ambition needed to achieve the goals of the Paris Agreement. Recent reversals of previous commitments, most notably by BP and Shell, has undermined confidence in the sector’s ability to transition”.

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Church Commissioners for England to exclude oil & gas companies from investments portfolio over failure to align with climate goals. Pensions Board also to disinvest from oil & gas companies failing to show ambition to decarbonisehttps://t.co/nSHPLTZOEYhttps://t.co/BbntlGm7G6

— Church of England in Parliament (@churchstate) June 22, 2023

Headline rates of inflation across most of the world’s economies have fallen back sharply since the autumn but core rates — which exclude volatile categories such as energy and food — remain at or close to multi-decade highs.

These rates, seen as a better gauge of underlying price pressures, have sparked concern that central banks will struggle to hit their targets without wiping out growth.

“The next leg of the improvement in the inflation numbers is going to be harder,” said Carl Riccadonna, chief US economist at BNP Paribas. “It requires more pain, and that pain likely involves a recession in the back half of the year.”

Torsten Slok, chief economist at Apollo Global Management, added: “The only way to get inflation down to 2 per cent is to crush demand and slow down the economy in a more substantial way.”

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“The next leg of the improvement in the inflation numbers is going to be harder. It requires more pain:” BNP's Riccadonna

Apollo's Torsten Slok: “The only way to get inflation down to 2% is to crush demand.”
https://t.co/8BVmtH9pdm

— Lisa Abramowicz (@lisaabramowicz1) June 23, 2023