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AI driving India’s data centres; PW’s losses widen in FY24
- Air pollution has plagued several South Asian cities including Delhi and Lahore where it prompted local authorities to set up a war room to combat the problem.
- Trump’s second win is expected to pose a major challenge to the global warming efforts as he has previously described climate change as a hoax and pledged to increase US production of fossil fuels.
- European Commission President Ursula von der Leyen’s absence from COP29 to address the climate crisis has been termed a 'fatal signal', as it may raise doubts about Europe’s commitment to the fight against global warming.
- SpiralWave invented a new device that captures carbon dioxide from the air, converts it into methanol and can be used to combat climate change.
- Several Indian data centres are expanding their facilities to support AI-driven infrastructure for computing power and storage, mainly led by hyperscalers like AWS and Microsoft Azure.
- An Avendus report has projected India’s data centre industry to be worth $25bn by 2030, despite hosting only 150 data centres among the world’s 11,000.
- Edtech company PhysicsWallah recently reported a 13.5x increase in consolidated losses YoY in FY24, despite its operating revenue jumped 160.7%.
- A community service initiative called The Owl House, founded by Priyadarshani Sule and Renuka Figueiredo, aims to empower neurodivergent individuals by training them in professional life skills to find employment.
- Nissan Motors is cutting 9k jobs and 20% of global manufacturing capacity to reduce costs by $2.6bn amid a sales slump in China and the US.
- Australia is introducing legislation to ban children under 16 from all social media platforms, aimed at mitigating the harm social media is doing to the country’s youngest minds.
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