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SoftBank in talks to lead $500 million AI robotics funding

SoftBank Group is in talks to lead a $500 million funding round for Skild AI, a startup building robotics software, according to people familiar with the matter. The startup would be valued at $4 billion, up from the $1.5 billion valuation it had last year after a star-studded deal including Jeff Bezos, Lightspeed Venture Partners and Coatue Management. The new round for Skild, founded in 2023, is a reflection of venture capital optimism about the intersection of artificial intelligence and robotics. A representative for SoftBank declined to comment. A representative for Skild did not immediately respond to a request for comment. The Financial Times earlier reported some details of the deal. Skild is developing software that will allow robots to perform increasingly complicated tasks. The Pittsburgh-based company was founded by a pair of professors at Carnegie Mellon University, Deepak Pathak and Abhinav Gupta, who were also former AI researchers at Meta Platforms Inc. The deal underscores SoftBank’s enthusiasm for AI. The Japanese conglomerate plans to commit $19 billion to Stargate, U.S. President Donald Trump’s AI infrastructure effort. In December, SoftBank’s Masayoshi Son said during a visit to Trump’s Mar-a-Lago that the firm planned to invest $100 billion in the U.S. over the next four years. Other investors in Skild include Amazon.com Inc., Menlo Ventures, Felicis, CRV, General Catalyst and Sequoia Capital. Source link

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Honda sets its sights on 50% share of world’s motorcycle market

Honda is looking to capture half of the world’s market for motorcycles as industrywide sales of two-wheelers, both gas and electric, are tipped to reach 60 million units annually by 2030. Honda’s global motorcycle sales are forecast to reach 20.2 million for the fiscal year ending this March, the company said during a briefing Tuesday, which would give it a share of about 40%. Honda hopes to eventually claim 50% of the market, including electric bikes. Growth will particularly come from a region Honda calls the Global South — primarily India, Indonesia and the Philippines, as well as Brazil and other countries in South and Central America. It didn’t give a time frame for that aspiration. Source link

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Fast-moving fires torch national parks in southeast Australia

Sydney – Firefighters were desperately trying to stop a cluster of fast-moving blazes in southeast Australia on Tuesday, as thousands of acres of national park burned and a farming community was forced to evacuate. Lightning strikes on Monday evening ignited several fires in the Grampians National Park, a forested mountain range about 300 kilometers west of Victoria’s state capital Melbourne. A separate fast-moving fire in Little Desert National Park in the west of the state has torn through almost 65,000 hectares in less than 24 hours, emergency services said, scorching an area almost as large as Singapore. Source link

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Earlier California fire shows how Los Angeles could rebuild

LOS ANGELES – Seven years before wildfires tore through opposite ends of the Los Angeles area, the Tubbs Fire in Northern California’s Sonoma County jumped a six-lane freeway and decimated Santa Rosa’s Coffey Park subdivision, a suburban enclave similar to Pacific Palisades and Altadena. The fire destroyed about 5,000 homes in Santa Rosa and the surrounding area in October 2017, with about 1,500 of those in Coffey Park, making it California’s costliest wildfire disaster at the time. Within three years, 80% of Coffey Park’s destroyed homes were fully rebuilt and occupied, according to local officials. The journey was long, uncertain and filled with detours, according to interviews with Coffey Park residents who rebuilt and local government officials. Debris removal was a lengthy, cumbersome process; there was contractor fraud, leading to criminal convictions; the minutiae of government approvals at every step caused frustration. Source link

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Neymar and Al Hilal agree to terminate contract, club says

Paris – Brazilian star Neymar ended his injury-plagued 18-month stay in Saudi Arabia on Monday as his club, Al Hilal, said it had “agreed to terminate the player’s contract by mutual consent.” “The club expresses its thanks and appreciation to Neymar for what he has provided throughout his career with Al Hilal, and wish the player success in his career,” said a club statement posted on social media. The 32-year-old former Barcelona and Paris Saint-Germain forward played just seven times since joining the club in August 2023, despite a reported salary of around $104 million a year. Source link

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Ishiba tones down stance on dual-surname debate

Prime Minister Shigeru Ishiba has toned down his stance on the proposed introduction of a selective dual-surname system for married couples. While previously being all in favor of such an introduction, the prime minister has recently suggested considering a “compromise” of legally expanding the use of maiden names. The move is believed to have been made in response to strong opposition from within Ishiba’s ruling Liberal Democratic Party, particularly from conservative members. Source link

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Norinchukin urged to tap outside expertise and diversify portfolio after losses

A government panel has urged Norinchukin Bank to diversify its bond-heavy investment portfolio after the country’s largest agricultural lender racked up huge losses on foreign debt holdings. The committee advised the bank to increase members of its board with experience in financial markets, including from outside the organization, according to a report released Tuesday. “One of the causes of the losses was that the portfolio was too concentrated on bonds,” the panel said. “Norinchukin should consider diversification of the portfolio while building up proper risk management and introducing outside expertise.” Source link

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What we learned at Fuji TV’s marathon Nakai scandal news conference

In a bid for redemption after Fuji Television’s first, heavily criticized news conference addressing how it handled sexual misconduct allegations against TV personality Masahiro Nakai, the broadcaster held a second news conference on Monday — which lasted a whopping 10 hours and wrapped up after 2 a.m. — that only served to invite even more chaos amid the debacle. Given the criticism of the first news conference for its restrictiveness, the broadcaster opened attendance to all reporters, including freelancers, and promised that the briefing would not end until it had addressed every single question in the room. That led to an unprecedented 10-hour conference hosting 437 reporters from 191 agencies. Despite the resignation of Fuji TV President Koichi Minato and Chairman Shuji Kanoh — with Vice Chairman Ryunosuke Endo also telling reporters on Tuesday he intends to do the same once a third-party probe is finished in March — the broadcaster’s problems are far from over. Source link

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Oceans are warming faster and faster as the Earth traps more energy

The world’s oceans are warming four times faster than they were in the late 1980s, according to a new study. The alarming acceleration helps explain why 2023 and 2024 saw unprecedented ocean temperatures — and more extreme storms. The findings have enormous ramifications for ocean health, as rising temperatures impact everything from coral reefs to fisheries. The longer-term knock-on impacts are even more concerning, including higher sea levels, more extreme storms, and more frequent and severe fires, said Christopher Merchant, lead author of the study, which was published in Environmental Research Letters on Tuesday. “With climate change, it’s the oceans that set the pace,” said Merchant, an ocean and Earth observation scientist at the University of Reading. The new research shows ocean temperatures in the next 20 years could rise more than in the past 40 years “by a significant margin.” Unless meaningful steps are taken to cut emissions and wind down fossil fuel use, Merchant said, “I expect that the climate change that’s coming will be at the high end of what climate modelers have been telling us.” Temperature records set in 2023, and then beaten in 2024, caught scientists off guard. Last year, the ocean hit a heat record that was 0.6 Celsius (1.1 Fahrenheit) above the 1981 to 2010 average. (The global average temperature was even higher due to land heating faster.) While the world was in the grips of El Nino, a natural warming phenomenon in the tropical Pacific, the heat anomalies seen globally were seemingly too large to be explained by that alone. Human-caused climate change intuitively seemed part of the explanation, and the new study is one of the first lines of hard evidence linking the recent acceleration in global warming to burning fossil fuels, said Kim Cobb, director of the Institute at Brown for Environment and Society. Understanding the “true damages of continued fossil fuel emissions” and the cost to society is of the utmost importance, she said. “This paper would suggest that they’re worse than we previously thought.” The paper looked at two datasets, one looking at sea surface temperatures and another tracking the Earth’s energy imbalance, which occurs when more energy from the sun is absorbed by land and water than escapes back into space. After accounting for natural year-to-year variability, the study showed these phenomena move together over the long term. Ocean temperatures are now rising at a rate of 0.27 C per decade, compared to 0.06 C 40 years ago. That acceleration is fueled by an increase in the Earth’s energy balance, which has roughly doubled since 2010 as greenhouse gas concentrations have increased and disappearing ice has meant less sunlight is reflected back into space, the study concluded. “If you extrapolate their accelerated warming rates into the next couple decades, you actually exceed what our climate models would be giving us for even the strongest pathway of fossil fuel reductions,” Cobb said. Global ocean temperatures hit record highs for 450 days straight between 2023 and early 2024, which helped fuel massive hurricanes. While some of this warmth came from El Nino, the study showed that 44% of the record warmth was caused by oceans absorbing heat at a faster rate. Warmer oceans feed other worrying global changes as well. Polar ice is melting faster than previously thought and contributing to sea level rise as hot seas undercut the glaciers keeping it trapped on land. Other types of destructive weather are also getting an assist: As the planet warms, land-based consequences, like this season’s devastating fires in California, also become more frequent, Cobb noted. “That’s really the full impact of a paper like this,” she said. “We’re talking about accelerating these kinds of hellish episodes, not just here in America but globally.” The world’s ability to meet its climate goals was already in question before U.S. President Donald Trump took office. But those efforts are in even more doubt as he signed executive orders to increase fossil fuel production and halt leases for offshore wind projects on federal land during his first week in office. He has also lamented the cost of laws aimed at reducing greenhouse gas emissions, such as the Inflation Reduction Act, and froze some funding. “People are balking at the cost of cutting down our carbon emissions,” Merchant said. “Although it’s not free, it is a bargain because in the long run, not doing it is more expensive.” Source link

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PFAS blood test results in Okayama Prefecture town exceed U.S. standards

Kibichuo, Okayama Pref. – PFAS concentrations in blood samples from 87.4% of those tested in a town in Okayama Prefecture exceeded a U.S. standard for the potentially carcinogenic chemicals. The Kibichuo town government announced the results of its first blood tests on Tuesday, which were conducted at public expense last year, after PFAS, or per- and polyfluoroalkyl substances, were detected at a water purification plant in the town. “Honestly speaking, it is higher than I expected,” Mayor Masanori Yamamoto said at a news conference, calling on the national government to set guidelines regarding the so-called forever chemicals. The government currently does not have standards on PFAS concentrations in blood. The 87.4% showed levels of seven PFAS substances, including PFOS and PFOA, totaling 20 nanograms or more per milliliter of blood. A U.S. academic institution has said that health risks increase when concentrations top the threshold. A total of 709 people, age 2 to 102, took blood tests between November and December last year in the town of roughly 10,000 inhabitants. The highest recorded level of PFOA stood at 718.8 nanograms per milliliter of blood, while the average amounts of the seven PFAS substances totaled 151.5 nanograms, both significantly higher than the U.S. health standard. Okayama University Professor Takashi Yorifuji, who analyzed the test results, urged residents to “receive regular health checks and visit medical institutions if there are any symptoms.” The town is conducting additional tests for willing residents and plans to conduct a fresh round of tests in five years. In October 2023, PFAS levels of up to 28 times the provisional national standard of 50 nanograms per liter of water were detected at a water purification plant in the town. The chemicals are believed to have originated from used activated carbon that was left without being incinerated. Source link

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