As the world eagerly looks to the benefits and potentially revolutionary implementations brought by artificial intelligence (AI), a fundamental question arises regarding the energy consumption of data centres required for its operation. Tech giants like Microsoft, Alphabet, and Amazon have announced their plans to invest in nuclear energy. It indicates their willingness to tackle energy consumption challenges while striving to meet sustainability goals, despite the controversial nature of nuclear power and its rejection by some countries.
US company Tesla, known for years as the world's largest manufacturer of electric cars, is now taking its remit one step further with the unveiling of a new fully autonomous taxi called Cybercab. As it faces declining sales and increased competition, this bold move signals its continued expansion into autonomous technology and artificial intelligence (AI) to open up new opportunities.
The Rio Tinto Group is focusing on strategic acquisitions to strengthen its position in the critical minerals market, which are essential for technological advancement and the transition to renewable energy sources. It is now set to deepen its involvement in lithium production through the acquisition of Arcadium Lithium for billions of dollars, securing access to additional supplies of this vital mineral. The continuing growth in demand for lithium, driven by the development of electric vehicles (EV) and energy storage, is a key motivation for this expansion.
Uber has recently accelerated its steps toward autonomous transportation. Collaborations with startups and established tech giants show the company’s ambition to diversify its services and gradually move toward the future. These initiatives are not only about reducing dependency on human drivers but also about optimizing costs and streamlining the entire logistics process. What impact could this strategy have on Uber's future financial performance?
American sportswear and accessories supplier Nike, known primarily for its athletic footwear, has reported its financial results for the past quarter, revealing declines in both revenue and profit. Furthermore, its forecasts for the upcoming holiday season are not encouraging. The hope for this currently stagnant company lies in the new leadership, which the firm expects will help develop new strategies to compete more effectively.
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