Generative AI uses huge amounts of electricity and water to power it, and the problem is only going to get worse
Technology never exists in a vacuum, and the rise of cryptocurrency in the last two or three years shows that. While plenty of people were making extraordinary amounts of money from investing in bitcoin and its competitors, there was consternation about the impact those get-rich-quick speculators had on the environment.
Mining cryptocurrency was environmentally taxing. The core principle behind it was that you had to expend effort to get rich. To mint a bitcoin or another cryptocurrency, you had to first “mine” it. Your computer would be tasked with completing complicated equations that, if successfully done, could create a new entry on to the blockchain.
Rupert Murdoch’s News Corp is using AI to publish 3,000 local news stories a week in Australia.
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Elon Musk’s X (formerly known as Twitter) is threatening to sue a media monitoring organisation that tracks hate speech on the social network.
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The UK’s Competition and Markets Authority has opened up an avenue to backtrack (£) on its block of a massive $75bn merger of Microsoft and Activision Blizzard.
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