Tech

AI growth will hinder Google's environmental goals, BlackRocks' big acquisition, and more

AI increases Google's emissions by 48%

Google's greenhouse gas emissions are set to grow 48% from 2019 to 2023, mainly due to the rising energy demands of its AI-powered data centers.

These centres will require significantly more electricity than standard online activities, raising concerns about AI's environmental impact.

Google has pledged to achieve net-zero emissions by 2030, but integrating AI presents challenges. While its data centers in Europe and the US use mostly carbon-free energy, those in the Middle East, Asia and Australia rely heavily on fossil fuels.

Reducing emissions amid the growth of AI remains a challenge for the tech giants: “As we further integrate AI into our products, reducing emissions may become more challenging,” they said.

BlackRock to buy UK data group Preqin for $2.55 billion

BlackRock, the world's largest asset manager, has agreed to acquire Preqin, a UK-based private market data group, for $2.55 billion in cash.

The acquisition marks BlackRock's entry into financial information provision and strengthens its focus on alternative assets.

Preqin, which specializes in tracking private equity and hedge funds, will be folded into BlackRock's technology division.

The deal highlights the growing demand for granular financial data. Founded two decades ago, Preqin has seen massive revenue growth fueled by a boom in private capital.

The acquisition, expected to close later this year, will set BlackRock up for further expansion in private markets.

Supreme Court rulings give Big Tech more power

Recent US Supreme Court decisions are likely to significantly strengthen Big Tech's influence by limiting regulatory oversight.

The ruling requiring SEC fraud cases to be heard in court, combined with overturning the Chevron doctrine, which allowed agencies to interpret the law, would limit regulators' power.

The change will allow companies like Meta and SpaceX to more effectively challenge regulatory actions.

Legal experts have warned of increased litigation and a chilling effect on rulemaking, and there are concerns that an increasingly complex U.S. regulatory environment could lead the country to fall behind global standards in regulating technology.

The United States invented competition policy, known as antitrust law, but it is not only ill-adapted for modern times, but is also shrinking politically, said Laura Phillips Sawyer, a law professor at the University of Georgia.

Audi enhances voice control with ChatGPT integration

Audi will be integrating ChatGPT via Microsoft Azure OpenAI services this month to upgrade its vehicle's voice control.

The enhancements will apply to approximately two million Audi models from 2021 onwards equipped with the third-generation modular infotainment system (MIB 3).

Drivers can now interact with their cars using natural language, improving safety and convenience.

The Q6 e-tron and future models equipped with the E3 1.2 electronics architecture will also benefit from ChatGPT through Cerence Chat Pro.

The automaker claims that this integration will enable seamless AI-powered voice commands for infotainment, navigation and climate control, improving the overall driving experience.

Australia to build secret cloud for military use with AWS

The Australian government plans to develop a top-secret level cloud in collaboration with Amazon Web Services (AWS) with the aim of strengthening cybersecurity for the defence and national intelligence communities.

TS Cloud has partnered with the Australian Signals Directorate to securely host the country's most sensitive information and improve data sharing and analysis capabilities.

The project, expected to have a budget of up to A$2 billion over 10 years, will include the construction of three purpose-built data centers and the establishment of a local AWS subsidiary.

The initiative promises to improve interoperability with the US and leverage advanced technologies such as AI and machine learning. According to The Register, Microsoft dropped out of the bid because it couldn't match AWS' interoperability.

Sources

1/ https://Google.com/

2/ https://techinformed.com/google-green-goals-blackrocks-buys-preqin-audi-chatgpt/

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