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For Black Friday, Babbel Is The Smartest Purchase You Can Make (78% Off Lifetime)Advances in AI technology are sending shockwaves through the power grid. The latest generation of large language models requires significantly more computing power and energy than previous AI models. As a result, tech leaders are rallying to accelerate the energy transition, including investing in alternatives like nuclear energy. Big Tech companies have committed to advancing net zero goals in recent years. Meta and Google aim to achieve net-zero emissions across all its operations by 2030. Likewise, Microsoft aims to be "carbon negative, water positive, and zero waste" by 2030. Amazon aims to achieve net‐zero carbon across its operations by 2040. Major tech companies, including Amazon, Google, and Microsoft, have also recently as they advance AI technology. "Energy, not compute, will be the No. 1 bottleneck to AI progress," Meta CEO said on a podcast in April. Meta, which built the open-source large language model , consumes plenty of energy and water to power its AI models. , which skyrocketed into one of the most valuable companies in the world this year, has also ramped up efforts to become more energy efficient. Its , unveiled in March, has been marketed as being twice as fast as its predecessor, Hopper, and significantly more energy efficient. Despite these advancements, Nvidia CEO Jensen Huang has said allocating substantial energy to AI development is a long-term game that will pay dividends as AI becomes more intelligent. "The goal of AI is not for training. The goal of AI is inference," at a talk at the Hong Kong University of Science and Technology last week, referring to how an AI model applies its knowledge to draw conclusions from new data. "Inference is incredibly efficient, and it can discover new ways to store carbon dioxide in reservoirs. Maybe it could discover new wind turbine designs, maybe it could discover new materials for storing electricity, maybe more effective materials for solar panels. We should use AI in so many different areas to save energy," he said. Many tech leaders argue the need for energy solutions is urgent and investing in nuclear energy. "There's no way to get there without a breakthrough," OpenAI CEO Sam Altman said at the World Economic Forum in Davos in January. Altman has been particularly keen on nuclear energy. He invested $375 million in nuclear fusion company and has a 2.6% stake in , which is developing modular nuclear fission reactors. The momentum behind nuclear energy also depends on government support. President Joe Biden has been a proponent of nuclear energy, and his administration announced in October it would in funding next-generation nuclear technologies. Clean energy investors say government support is key to advancing a national nuclear agenda. "The growing demand for AI, especially at the inference layer, will dramatically reshape how power is consumed in the US," Cameron Porter, general partner at venture capital firm Steel Atlas and investor in , told Business Insider by email. "However, it will only further net-zero goals if we can solve two key regulatory bottlenecks—faster nuclear licensing and access to grid connections—and address the two key challenges for nuclear power: high-level radioactive waste and fuel sourcing." Porter is betting the incoming Trump administration will take steps to move the needle forward. "Despite these challenges, we expect the regulatory issues to be resolved because, ultimately, AI is a matter of national security," he wrote. AI's energy use is growing Tech companies seek new energy solutions because their AI models consume much energy. , powered by , uses more than the electricity of an average US household to answer hundreds of millions of queries per day. By 2030, —which support the training and deployment of these AI models—will constitute 11-12% of US power demand, up from a current rate of 3-4%, a said. Tech companies have to satisfy short-term demands, which has increased greenhouse gas emissions. For example, Google's greenhouse gas emissions jumped by 48% between 2019 and 2023 "primarily due to increases in data center energy consumption and supply chain emissions," the company said in its . Read the original article on
Arnab Neil Sengupta For years, the intertwined issues of climate change and decarbonization seemed sacrosanct, almost immune to scrutiny. Scientists, economists, and policymakers often toed the line, wary of being labeled climate skeptics. But the intensifying debate over the global bill for decarbonization — whether its distant benefits justify the staggering immediate costs — is a welcome reckoning. The complexity of the debate, reflecting economic, technological, environmental and equity concerns, is only now beginning to dawn on the world. Indian Foreign Minister S. Jaishankar’s remark that “Europe has to grow out of the mindset that Europe’s problems are the world’s problems, but the world’s problems are not Europe’s problems,” made in 2022 in the context of the Ukraine war, resonates strongly here. Climate change may be a politically popular issue in progressive cities and regions of Europe and the US, but it cannot dictate the priorities of the entire planet, especially when the projected global costs range from $3 trillion to $12 trillion annually. The US, of course, is poised for a dramatic policy shift. Republican President-elect Donald Trump’s appointment of Chris Wright, a fossil fuel advocate, as energy secretary signals a pivot toward hydrocarbon exploration and production, potentially disrupting global climate agreements and inspiring other nations to challenge the conventional wisdom. “Climate activists, for the most part, do not dispute the hair-raising price tag; they simply consider the expense worthwhile when weighed against the catastrophic damage unchecked climate change is likely to inflict,” The Economist says in its latest issue in an article titled, “The energy transition will be much cheaper than you think.” But the jury is still out on whether the cost of decarbonizing the world economy is too high compared with the potential long-term savings and broader societal benefits. The Paris Agreement’s twin goals — limiting warming to “well below” 2°C and striving for 1.5°C by the end of this century — were adopted with laudable intent. Yet, the risk-reward calculus underpinning these targets looks tenuous when one considers the fact that economic modelers have a poor record of predicting technological advances. Critics and even advocates of decarbonization increasingly acknowledge the colossal upfront investments required, the risks to economic stability, and the disproportionate burdens placed on developing nations. The world’s reliance on fossil fuels is undeniable, with coal, oil, and gas responsible for over 75 percent of greenhouse gas emissions, according to the UN. Shifting from these energy sources to renewables is critical, but fraught with challenges. Wealthier nations may have the resources for a smooth transition, but the Global South lacks the means to achieve this without substantial financial assistance — assistance that many developed countries are reluctant to provide amid concerns over governance and corruption in aid-receiving nations. Moreover, breakthroughs in technology that are essential for decarbonizing heavy industry and aviation remain uncertain, even though these sectors face significant challenges in transitioning to clean energy. Whether such breakthroughs will materialize soon enough is an open question. While urban transportation worldwide may gradually embrace electric or hybrid solutions, innovations such as green hydrogen for energy-intensive sectors are still in their infancy. Renewable energy sources do promise energy security by reducing dependence on fossil fuel imports, yet this is not universally applicable. Not all nations enjoy abundant solar or wind resources, and nuclear energy — once heralded as a solution — has grown less competitive due to rising costs. Still, proponents highlight declining costs of renewables and the job-creation potential in green energy sectors as compelling incentives for decarbonization. In public health terms, transitioning to cleaner energy offers clear benefits. Northern India’s annual smog crisis, a health catastrophe exacerbated by vehicle emissions and the burning of crop stubble, underscores the urgency of clean energy adoption. Studies from institutions such as Oxford University project long-term economic savings from accelerated decarbonization. But skeptics counter that these savings hinge on speculative technological advances and policy consistency. What is certain is that rapid decarbonization raises risks to economic stability and job losses in traditional energy sectors, which are, in fact, capable of meeting the energy needs of the planet without requiring trillions of dollars of additional investments every year. Saudi Arabia has championed a pragmatic approach, as articulated by Foreign Minister Prince Faisal bin Farhan at a recent G20 session in Rio de Janeiro. He emphasized equitable and inclusive transitions, highlighting the Kingdom’s investments in technologies that have lowered emissions intensity in oil and gas operations. Saudi Arabia’s example shows that balancing environmental goals with economic and developmental priorities is possible. In the final analysis, the decarbonization debate cannot be reduced to binary positions. It is less about whether the world should transition and more about how to achieve it equitably, pragmatically, and sustainably. Revisiting the costs and methods is not a rejection of climate action, but an overdue acknowledgment of its complexity. The true challenge lies in ensuring that this moment of introspection leads to a consensus that, instead of raising ambitions, aligns ambition with affordability, leaving no country behind in the pursuit of a livable planet. Courtesy: arabnews
Stock market today: Wall Street ends mixed after a bumpy weekKeino Burch scores twice as Devonshire Colts cruise to victory
PENG ( NASDAQ:PENG – Get Free Report )’s share price was down 0.8% on Thursday . The company traded as low as $17.65 and last traded at $17.99. Approximately 696,450 shares were traded during trading, a decline of 33% from the average daily volume of 1,046,647 shares. The stock had previously closed at $18.14. Analysts Set New Price Targets PENG has been the subject of a number of recent research reports. Barclays decreased their price objective on shares of PENG from $27.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group began coverage on PENG in a research note on Friday, November 1st. They issued a “buy” rating and a $21.00 price objective on the stock. Stifel Nicolaus decreased their target price on PENG from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Needham & Company LLC dropped their price target on shares of PENG from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, JMP Securities started coverage on shares of PENG in a report on Monday, November 18th. They set an “outperform” rating and a $23.00 price objective for the company. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $23.60. Read Our Latest Research Report on PENG PENG Stock Up 0.8 % PENG ( NASDAQ:PENG – Get Free Report ) last announced its earnings results on Tuesday, October 15th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). PENG had a positive return on equity of 8.05% and a negative net margin of 4.48%. The company had revenue of $311.15 million for the quarter, compared to the consensus estimate of $325.00 million. Equities research analysts forecast that PENG will post 1.33 earnings per share for the current fiscal year. Insider Activity In related news, insider Joseph Gates Clark sold 2,264 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $17.50, for a total value of $39,620.00. Following the completion of the transaction, the insider now directly owns 95,999 shares in the company, valued at approximately $1,679,982.50. This represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . 2.40% of the stock is owned by company insiders. About PENG ( Get Free Report ) SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services. Further Reading Receive News & Ratings for PENG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PENG and related companies with MarketBeat.com's FREE daily email newsletter .Will Riley scored a game-high 19 points off the bench as No. 25 Illinois shrugged off a slow start to earn an 87-40 nonconference victory over Maryland Eastern Shore on Saturday afternoon in Champaign, Ill. Morez Johnson Jr. recorded his first double-double with 10 points and 13 rebounds, Kylan Boswell posted 13 points and Tomislav Ivisic contributed 11 for Illinois (4-1). Coming off a 100-87 loss to No. 8 Alabama on Wednesday, the Illini led by as much as 52 despite hitting just 10-of-40 3-point attempts. Jalen Ware paced Maryland Eastern Shore (2-6) with 10 points before fouling out. Ketron "KC" Shaw, who entered Saturday in the top 20 of Division I scorers at 22.3 points per game, went scoreless in the first half and finished with seven points on 2-of-11 shooting. The Hawks canned just 22.1 percent of their shots from the floor. Illinois broke out to a 6-0 lead in the first 2:06, then missed its next six shots. That gave the Hawks time to pull into an 8-8 tie on Evan Johnson's 17-foot pullup at the 12:21 mark. That marked Maryland Eastern Shore's last points for more than seven minutes as the Illini reeled off 17 straight points to remove any suspense. Johnson opened the spree with a basket and two free throws, Ben Humrichous swished a 3-pointer and Tre White sank a layup before Kasparas Jakucionis fed Ivisic for a 3-pointer and an alley-oop layup. Jakucionis set up Johnson for a free throw, then drove for an unchallenged layup to make it 25-8 with 5:15 left in the first. Evan Johnson snapped the visitors' dry spell with a driving layup at the 4:56 mark, but Illinois went on to establish a 35-15 halftime lead on the stretch of 11 offensive rebounds that turned into 12 second-chance points and 13 points off UMES' 10 turnovers. Maryland Eastern Shore needed nearly four minutes to get its first points in the second half as Illinois pushed its lead to 42-15. The Illini margin ballooned all the way to 70-24 on Boswell's driving layup with 8:11 to go. --Field Level Media
REGINA — The Saskatchewan legislature resumed Monday, with Premier Scott Moe’s government promising to do better on everything from health care to education -- and on civility in the house. The two-week sitting began with the election of a new Speaker – Melfort member Todd Goudy – and a throne speech outlining the priorities and goals of Moe’s governing Saskatchewan Party. Prior to the throne speech, Moe told reporters his caucus will no longer send the Speaker harassing text messages and are to follow the Speaker’s orders. “It's incumbent on me to ensure that I'm having the conversations with the team that I serve alongside,” Moe said when asked about texting issues. “We will be critical of policy at times, also complimentary of policy at times, but always be respectful of all the members in that assembly. “(The Speaker) is the arbitrator in the room, and as I would say, the most honourable position of all.” The last Speaker, Randy Weekes, accused members of Moe’s Saskatchewan Party caucus of intimidation and harassment through text messages. Weekes did not run in the last election. Goudy told the assembly he will put aside political biases in his new role and allow members to express opinions while preserving decorum. He said he hopes members will treat one another with respect. Moe said his caucus will lead by example. "With respect to what a new beginning looks like ... you're just going to have to watch us," he said. "The tone is going to be a respectful one, and the effort that we are going to bring forward is to really quantify and clarify what a brighter future in Saskatchewan looks like.” The start of the legislative session comes a month after the Oct. 28 election, which delivered Moe's party a slimmer majority with 34 seats in the 61-seat legislature. Carla Beck's NDP is to form the Opposition with 27 seats. The government's first piece of legislation is to be the Saskatchewan Affordability Act. The bill is to enact the Saskatchewan Party's election campaign commitments to address affordability issues, including personal tax relief to save a family of four more than $3,400 over four years. The province also plans to continue not charging the federal carbon levy on home heating, introduce a home renovation tax credit and increase benefits for those with disabilities and families with kids in sports and arts. On health care, Moe said he's promising to hire more family doctors and shorten surgical wait times by making sure 450,000 surgeries are performed over four years. He also said the province wants to open additional urgent care centres in Regina and Saskatoon, along with others in smaller cities. In education, the speech promises to expand a pilot program that would see 200 additional schools in Saskatchewan receive specialized support to deal with students with higher needs. The government also promises more funding to help children from kindergarten to Grade 3 improve reading skills. "A child's ability to read at a level by Grade 3 is the single greatest predictor of future academic success," Moe said. Beck’s NDP dismissed the throne speech as a rehash of past promises that failed to take concrete action on problems in schools and hospitals. “Scott Moe suggests he’s heard the message from the people of Saskatchewan that they want change, but he offers nothing of the sort,” Beck said in a statement. “He’s pressing ahead with cuts to funding for hospitals and schools and doing nothing immediately to help make life more affordable for families. “This is a government that’s out of ideas and out of touch with the people in this province who are hurting.” The NDP has said it will push the government this week to pause the 15-cent-a-litre gasoline tax to help families make ends meet. Beck has said her party is to introduce an emergency motion Tuesday that would call for a suspension of the gas tax by Wednesday. Moe’s government has already changed course on one election announcement. On the campaign trail, Moe announced that the first order of business of his government would be a policy that would ban “biological boys” from using school changing rooms with “biological girls.” After the election, Moe said that policy was no longer his first order of business and that he misspoke when announcing it. On Monday, he said Monday school boards are being consulted on a change room policy that would support all students. Beck has said the ban would put vulnerable kids at even greater risk. This report by The Canadian Press was first published Nov. 25, 2024. Jeremy Simes, The Canadian Press