[7.1] MacKenzie Scott donates $640 million to nonprofits — The Associated Press
MacKenzie Scott announced a $640 million donation to 361 small nonprofits, a major increase over the initial pledge. This marks Yield Giving's first donation round through a public application process, contrasting with Scott's prior method of selecting organizations without applications for unrestricted funds. Over 6,000 nonprofits applied, with 279 receiving $2 million each and 82 getting $1 million, based on evaluation scores. Scott has donated $16.5 billion since 2019.
[7.1] YouTube requires disclosure of synthetic media to combat misinformation — WIRED
YouTube has updated its rules to fight fake videos. Now, creators must say if they use AI to make videos look real, like changing faces or faking events. But, AI-made cartoons for kids don't need a warning. Minor AI edits, like beauty filters, are also okay without telling viewers.
[7.2] Computing 'paradigm shift' could see phones and laptops run twice as fast - without replacing a single component — Livescience.com
Scientists have developed a new computing method that could make devices like phones and laptops twice as fast without changing their parts. This method, called "simultaneous and heterogeneous multithreading" (SHMT), allows different processing units to work on the same part of a program at once, instead of one after the other. In tests, SHMT made a prototype system nearly twice as fast and used half the energy compared to traditional methods. However, more research is needed to see how it works in real-world situations.
[6.8] Companies take step back from making climate target promises — Financial Times
Over 230 companies, including Microsoft and Unilever, failed to meet a two-year deadline to set ambitious climate targets, leading to their removal from the Science Based Targets initiative (SBTi) validation process. These firms were among 1,045 that pledged to aim for net zero emissions at the 2021 UN COP26 summit. The SBTi ensures targets align with the Paris climate accord's goal to limit warming to 1.5C. Some companies argue that government policies don't support the rapid changes needed.
[6.8] Zombie car factories on the rise in China as buyers opt for EVs — Financial Times
Hyundai sold its Chongqing factory in China for less than a quarter of its $1.15bn investment due to a shift to electric vehicles and oversupply. China's production of internal combustion engine cars dropped by 37% from its 2017 peak. Hyundai's China sales with Kia fell from 1.8mn in 2016 to 310,000 in 2023. Analysts predict many "zombie factories" as up to half of the industry's capacity goes unused.
[6.9] China's insolvent real estate firms face bankruptcy or restructuring — CNBC
China's housing minister, Ni Hong, stated that insolvent real estate firms should go bankrupt or restructure legally, without expecting government bailouts. He emphasized that companies harming public interests would face legal consequences. This stance comes as large developers like Evergrande default on debts and new home sales drop, questioning the industry's future.
[7.1] European Environment Agency warns of urgent climate risks in Europe — The Guardian
The European Environment Agency (EEA) warns that Europe is unprepared for increasing climate risks. The EEA's report identifies 36 significant climate risks, with half needing more action and five requiring urgent attention. Southern Europe is a "hotspot" for urgent risks like crop safety and wildfires. The report highlights Europe's rapid warming, about twice the global average, and stresses that current policies are not keeping pace with escalating risks.
[7.0] FDA approves weight-loss drug Wegovy to reduce heart-disease risks — The Washington Post
The FDA has approved Wegovy, a weight-loss drug, to also reduce heart risks in overweight adults. This is the first drug with such approval, potentially increasing its market. The approval follows a trial showing significant heart risk reduction. High demand has caused a shortage, prompting Novo Nordisk to boost production.
[6.9] February 2024 was the hottest on record — CNN
Last month was Earth's hottest February ever, with temperatures 1.77°C above pre-industrial averages. This concluded the warmest 12-month period on record, 1.56°C higher than historical levels. The EU's Copernicus service confirmed this trend, influenced by both human-caused warming and El Niño.
[7.2] Sweden officially joins NATO, ending decades of post-World War II neutrality — The Associated Press
Sweden has officially become the 32nd member of NATO, shifting from its long-standing neutrality after Russia's invasion of Ukraine in 2022. The Swedish Prime Minister and the U.S. Secretary of State marked the occasion in Washington. Sweden's entry is seen as strengthening NATO and enhancing Sweden's security, particularly under NATO's Article 5 collective defense guarantee. Sweden's membership was delayed due to objections from Turkey and Hungary, which have now been resolved.
[7.6] World Bank, Gates, UN pledge $600m to end cervical cancer — The Straits Times
Global health donors pledged $600 million to fight cervical cancer, aiming to increase vaccine, screening, and treatment access globally. The World Bank, Gates Foundation, and UNICEF are key funders. Cervical cancer claims a life every two minutes, mostly in low-income countries. High-income countries have seen benefits from HPV vaccines since the 2000s.
[7.6] France enshrines abortion rights in constitution, first country to do so — ABC News
French MPs and senators voted 780 to 72 to add abortion rights to the constitution, a global first. This historic decision follows the U.S. Supreme Court's reversal of Roe v. Wade. Despite criticism that the right wasn't at risk in France, where 80% support legal abortion, the move is seen as a proactive step to safeguard women's rights.
[7.0] MethaneSAT satellite to track global methane emissions — The New York Times
MethaneSAT, a new satellite, is set to launch on a SpaceX rocket to monitor methane emissions globally. Developed by the Environmental Defense Fund, it will use a high-resolution infrared sensor and spectrometer to detect methane from oil and gas sites. MethaneSAT aims to cover 80-90% of global oil and gas production, enhancing leak detection and accountability. The satellite's data will be public.
[6.9] U.S. health officials drop 5-day isolation time for COVID-19 — The Associated Press
The CDC has updated its COVID-19 guidelines, now allowing Americans with mild symptoms to end isolation after one day without fever, effectively removing the previous five-day isolation requirement. This adjustment reflects the virus's reduced impact, now ranked as the 10th leading cause of death, dropping from the 3rd in 2023. The new approach aligns with other respiratory virus recommendations, aiming for simplicity and clarity.
[6.8] (US) UnitedHealth identifies Blackcat as responsible for healthcare cyber attack — The Verge
UnitedHealth's Change Healthcare system has been hit by a cyber attack by Blackcat, causing over a week of disruptions in healthcare payments nationwide. The attack, detected on February 21, affects transactions like pharmacy refills and insurance claims. UnitedHealth is offering loans to affected providers. Blackcat has targeted the healthcare sector since mid-December 2023, with the FBI and CISA issuing warnings. The group claims to have stolen millions of patient records, but this is unverified. The outage could impact a third of US patient records.
[6.9] North Korea says Kim Jong Un supervised tests of rocket launchers targeting Seoul — The Associated Press
North Korea's leader, Kim Jong Un, oversaw a live-fire exercise of large rocket launchers, potentially nuclear-capable, aimed at simulating an attack on Seoul. This action follows recent missile tests by North Korea, heightening regional tensions. The tests come after joint military drills between South Korea and the U.S., which North Korea views as hostile.
[7.2] EPA bans the most common form of cancer-causing asbestos — The Washington Post
The EPA has finalized a ban on chrysotile asbestos, a substance linked to 40,000 U.S. deaths annually. This move comes after a 30-year struggle since the EPA's initial attempt was blocked in 1991. Chrysotile, used in vehicle brakes and other products, is the last of six asbestos forms still in use in the U.S.
[7.6] Nvidia unveils powerful new chip in push to extend dominance of AI market — Financial Times
Nvidia has launched new Blackwell GPUs with 208 billion transistors, significantly more than the previous 80 billion in the H100 model. These chips are designed to be twice as powerful for AI training and five times better for AI response tasks. Nvidia's CEO announced the GB200 "superchip," combining two Blackwell GPUs with a "Grace" CPU. Major cloud providers are set to be customers for this launch. Nvidia's market cap hits $2.2tn, making it the world's third most valuable company.
[7.2] Chinese patient receives world’s first gene-edited pig liver transplant — South China Morning Post
Chinese scientists have achieved a world-first by transplanting a gene-edited pig liver into a human. The procedure showed no rejection signs four days post-surgery. Annually, liver disease causes 2 million deaths globally. Xenotransplantation could revolutionize treatment for end-stage liver disease.
[6.9] Pandemic left much of the world on lower human development trajectory — The Washington Post
Four years after COVID-19, all rich countries have recovered according to the U.N. Human Development Index (HDI), but half of the poorest nations are still below their 2019 levels. The global HDI has risen again, but the growth gap between rich and poor countries is widening. The U.N. warns of permanent human development losses without policy changes.
[6.9] Brazil faces dengue fever crisis — The Washington Post
Dengue fever is causing a health crisis in Brazil. In the first two months of 2024, Brazil saw over 1 million dengue cases, with expectations of reaching 4.2 million by year-end. The surge is linked to climate change, which expands the mosquito's range and lifespan. Paraguay, Peru, and Argentina also report high cases. The U.S. and southern Europe are experiencing local transmissions, raising concerns about the disease becoming more widespread.
[6.8] Top central bankers considering rate cuts due to slowing growth — Financial Times
Central banks in Europe and the US are considering interest rate cuts by summer due to easing inflation. US job growth data for December and January were revised down, suggesting a possible rate cut by June. The European Central Bank (ECB) sees progress towards inflation targets, hinting at a rate reduction as early as April. Markets now expect up to four rate cuts from the Federal Reserve and ECB in 2024, with the Bank of England also likely to cut rates in the summer.
[7.5] Children dying from malnutrition and dehydration in Gaza — The Associated Press
In Gaza, malnutrition is causing child deaths, with at least 20 people dying in northern hospitals. The Israeli blockade, following an attack by Hamas, has severely limited food and aid, leading to acute hunger. Malnutrition affects children and the elderly first, with underfed mothers struggling to breastfeed, and diseases like diarrhea exacerbating the crisis. The U.N. blames Israel for restricting aid distribution, while Israel criticizes U.N. agencies for not distributing supplies.
[7.2] US, Britain, EU plan sea aid route for Gaza — The New York Times
The U.S., Britain, and the EU are creating a sea route to send aid to Gaza, with a temporary pier planned for shipments. This follows issues with Israel limiting land aid, causing severe shortages for 2.2 million Palestinians. Currently, under 100 trucks enter Gaza daily, down from 500 before the conflict. The maritime route, needing security checks to prevent aid misuse by Hamas, could take 30-60 days to start. The first ships might sail this weekend from Cyprus.
[7.3] Google announces major update to combat AI-generated spam in search results — WIRED
Google is set to implement a major update to combat algorithmically generated spam, aiming to reduce "low-quality, unoriginal content" in search results by 40%. The changes target "scaled content abuse," domain squatting, and "reputation abuse." The update will also crack down on obituary spam and AI clickbait networks. Google's new policy will start enforcement immediately, with a 60-day notice for reputational abuse.
[7.0] Anthropic debuts its most powerful chatbot yet — CNBC
Anthropic launched Claude 3, its most advanced AI models, outperforming GPT-4 and Google's Gemini Ultra in tests. Claude 3 Opus, the top model, supports multimodal inputs like photos for analysis. Sonnet and Haiku, also part of the suite, are smaller and cheaper. Claude 3 can summarize a book-length text, doubling its previous capacity. Despite the AI boom, concerns over bias and safety persist. Claude 3 aims for a balance between capability and safety, avoiding image generation to minimize risks.
[6.8] Telecom operators plan 5.5G upgrade for faster speeds — CNBC
Telecom operators are already discussing the next upgrade after 5G, known as 5G Advanced or 5.5G, at the Mobile World Congress. 5G Advanced promises faster uplink speeds and more intelligent networks through AI and machine learning. Huawei expects commercial deployments of 5G Advanced to begin in 2024, capable of 10 Gbps downlink speeds.
[6.8] US stock markets hit record highs driven by AI — The Guardian
US stock markets hit record highs on Friday, with the S&P 500 and Nasdaq reaching new peaks. The Nasdaq surpassed its previous high from 2021, boosted by Nvidia, which saw its market value double in nine months to over $2 trillion. All three major indexes marked their fourth consecutive month of gains, amid optimism about AI and a strong economy.
[7.2] India eliminates extreme poverty — Mint
A Brookings report states India has eliminated 'extreme poverty,' crediting the government's redistribution policies. Since 2011-12, real per capita consumption grew by 2.9% annually, with rural areas at 3.1%. The report, based on 2022-23 data, is the first official poverty estimate in over a decade. It shows a decline in urban and rural inequality, with fewer poor than World Bank estimates.
[6.9] Antarctic sea ice hits troubling low for third consecutive year — Livescience.com
Antarctica's sea ice extent fell to 1.99 million square kilometers on February 20, matching the second-lowest record in 46 years. This follows the lowest extent of 1.79 million square kilometers in 2023. The consistent lows suggest a significant shift in sea ice behavior, which is vital for climate stability and marine life.