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This is today’s edition of The Download our weekday newsletter that provides a daily dose of what’s going on in the world of technology.

Coming soon: MIT Technology Review’s 15 Climate Tech Companies to Watch

For decades, MIT Technology Review has published annual lists highlighting the advances redefining what technology can do and the brightest minds pushing their fields forward.

This year, we’re launching a new list, recognizing companies making progress on one of society’s most pressing challenges: climate change.

MIT Technology Review’s 15 Climate Tech Companies to Watch will highlight the startups and established businesses that our editors think could have the greatest potential to address the threats of global warming. And attendees of our upcoming ClimateTech conference will be the first to find out. Read the full story.

—James Temple

ClimateTech is taking place at the MIT Media Lab on MIT’s campus in Cambridge, Massachusetts, on October 4-5. You can register for the event, either in-person or online, here

We know remarkably little about how AI language models work

AI language models are not humans, and yet we evaluate them as if they were, using tests like the bar exam or the United States Medical Licensing Examination.

The models tend to do really well in these exams, probably because examples of such exams are abundant in the models’ training data. Now, a growing number of experts have called for these tests to be ditched, saying they boost AI hype and fuel the illusion that such AI models appear more capable than they actually are.

These discussions (raised in this story last week) highlight just how little we know about how AI language models work and why they generate the things they do—and why our tendency to anthropomorphize can be problematic. Read the full story.

Melissa’s story first appeared in The Algorithm, her weekly newsletter giving you the inside track on all things AI. Sign up to receive it in your inbox every Monday.

The must-reads

I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.

1 Elon Musk is suing the Anti-Defamation League
He claims the organization is trying to kill X, blaming it for a 60% drop in advertising revenue. (TechCrunch)
The ADL has tracked a rise in hate speech on X since Musk took over. (Insider $)

2 China is creating a state-backing chip fund
It’s part of the country’s plan to sidestep increasingly harsh sanctions from the US. (Reuters)
The outlook for China’s economy isn’t too rosy right now. (Bloomberg $)
The US-China chip war is still escalating. (MIT Technology Review)

3 India’s lunar mission is officially complete
Its rover and lander has shut down—for now. (New Scientist $
The rover even managed a small hop before entering sleep mode. (Sky News)
What’s next for the moon. (MIT Technology Review)

4 ‘Miracle cancer cures’ don’t come cheap
The high costs of personalized medicine mean many of the most vulnerable patients are priced out of life-saving treatment. (Wired $)
Two sick children and a $1.5 million bill: One family’s race for a gene therapy cure. (MIT Technology Review)

5 Investors are losing faith in Sequoia
The venture capital firm’s major shakeup has raised a lot of questions about its future. (FT $)

6 Record numbers of Pakistan’s tech workers are leaving the country
Talented engineers are seeking new opportunities, away from home. (Rest of World)

7 Video games are becoming gentler
A new wave of gamers want to be soothed, not overstimulated. (Economist $)

8 Spotify’s podcasting empire is crumbling
The majority of its shows aren’t profitable, and competition is fierce. (WSJ $)
Bad news for white noise podcasts: ad payouts are being stopped. (The Verge)

9 Who is tradwife content for, really?
The young influencers espousing traditional family values are unlikely to do so forever. (NY Mag $)

10 AI wants to help us talk to the animals

Wildlife is under threat. Trying to communicate with other species could help us protect them. (New Yorker $)

Quote of the day

“It’s the end of the month versus the end of the world.”

—Nicolas Miailhe, co-founder of think tank the Future Society, points out the extreme disparity between camps of AI experts who can’t agree over how big a threat AI poses to humanity to the Wall Street Journal.

The big story

The quest to learn if our brain’s mutations affect mental health

B4TLeHXa0IiSllToFD3akiJ8jkVwKmoAmWOE4u3e3y8P3vro67qxTPXkT40Jf3hRKpa3Xg81m5F2iJygn55HRZVr5wCivJZuchxj MIjYF0E9pI83l3pUsUDMi6Zp78vZJFE66u1bFzU6704qu3JFGoRead More

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By: Rhiannon Williams
Title: The Download: the climate tech companies to watch, and mysterious AI models
Sourced From: www.technologyreview.com/2023/09/05/1078987/the-download-the-climate-tech-companies-to-watch-and-mysterious-ai-models/
Published Date: Tue, 05 Sep 2023 12:10:00 +0000

Tech

Why China’s EV ambitions need virtual power plants

This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday.

The first time I heard the term “virtual power plants,” I was reporting on how extreme heat waves in 2022 had overwhelmed the Chinese grid and led the government to restrict electric-vehicle charging as an emergency solution. I was told at the time that virtual power plants (VPPs) could make grid breakdowns like that less likely to happen again, but I didn’t have a chance to delve in to learn what that meant.

If you, like me, are unsure how a power plant can be virtual, my colleague June Kim just published an insightful article explaining the technology and how it works. For this week’s newsletter, I took the chance to ask her some more questions about VPPs. It turns out the technology has a particularly good synergy with the EV industry, which is why the Chinese government has started to invest in VPPs.

“VPPs are basically just aggregations of distributed energy resources that can balance electricity on the grid,” June says—resources including electric-vehicle chargers, heat pumps, rooftop solar panels, and home battery packs for power backups. “They’re working in coordination to replace the function of a centralized coal plant or gas plant … but also add a whole host of other functionalities that are beneficial for the grid,” she says.

To really make the most of these resources, VPPs introduce another layer: a central smart system that coordinates energy consumption and supply.

This system allows utility companies to handle times of higher energy demand by making adjustments like shifting EV charge time to 2 a.m. to avoid peak hours.

The US government is working to triple VPP capacity by 2030, June says. That capacity is equivalent to 80 to 160 fossil-fuel plants that don’t have to be built. “They expect that EV batteries and the EV charging infrastructure are going to be the biggest factor in building up this additional VPP capacity,” she says.

Considering the significant impact that EVs have on the grid, it’s no surprise that China, where an EV revolution is taking place faster than in any other country, has also turned its attention to VPPs.

By the end of 2023, there were over 20 million EVs in China, almost half the global total. Together, these cars can consume monstrous amounts of energy—but their batteries can also be an emergency backup source. The power shortage that happens in China almost every summer is an urgent reminder that the country needs to figure out how to incorporate these millions of EVs into the existing grid.

Luckily, there are already some moves in this area, both from the Chinese government and from Chinese EV companies.

In January 2024, China’s National Development and Reform Commission, the top economic planning authority, released a blueprint for integrating EV charging infrastructure into the grid. The country plans to start pilot programs with dynamic electricity pricing in a few cities: lower prices late at night can incentivize EV owners to charge their vehicles when the grid is not stressed. The goal is that no more than 40% of EV charging will take place outside these “trough hours.” There will also be a batch of bidirectional charging stations in public and private spaces. At these chargers, batteries can either draw electricity from the grid or send it back.

Meanwhile, NIO, a leading Chinese EV company, is transforming its own charging networks. Last month, 10 NIO charging stations opened in Shanghai that allow vehicles to feed energy back into the grid. The company also has over 2,000 battery-swapping stations across the country. These are ideal energy storage resources for the VPP network. Some of them have already been connected to VPP pilot programs in eastern China, the company said in July 2023.

One of the key obstacles to adoption of VPPs is getting people to sign up to participate. But there’s a compelling reward on offer: money.

If the reverse-charging infrastructure grows larger, millions of Chinese EV owners could make a little income by charging at the right times and selling electricity at others.

We don’t know how much earning potential there is, since these pilot programs are still in their very early stages in China. But existing VPP projects in the US can offer some reference. Over the course of one summer, a Massachusetts home can make an estimated $550; participants in a separate VPP project in Texas can earn an estimated $150 per year. “It’s not huge, but it’s not nothing,” June says.

Obviously, it will take a long time to transform our electric grids. But developing VPPs along with the EV charging network seems like a win-win situation for China: it helps the country maintain its lead in the EV industry, and it also makes the grid more

Read More

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By: Zeyi Yang
Title: Why China’s EV ambitions need virtual power plants
Sourced From: www.technologyreview.com/2024/02/21/1088748/virtual-power-plant-electric-vehicle/
Published Date: Wed, 21 Feb 2024 11:00:00 +0000

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Tech

The Download: deep diving, and virtual power plants in China

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This is today’s edition of The Download our weekday newsletter that provides a daily dose of what’s going on in the world of technology.

Meet the divers trying to figure out how deep humans can go

Two hundred thirty meters into one of the deepest underwater caves on Earth, Richard “Harry” Harris knew that not far ahead of him was a 15-meter drop leading to a place no human being had seen before.

Getting there had taken two helicopters, three weeks of test dives, two tons of equipment, and hard work to overcome an unexpected number of technical problems. But in the moment, Harris was hypnotized by what was before him: the vast, black, gaping unknown.

Staring into it, he felt the familiar pull—maybe he could go just a little farther. Instead, he and his diving partner, Craig Challen, decided to turn back. They weren’t there to exceed 245 meters—a depth they’d reached three years earlier. Nor were they there to set a depth record—that would mean going past 308 meters.

They were there to test what they saw as a possible key to unlocking depths beyond even 310 meters: breathing hydrogen. Read the full story.

—Samantha Schuyler

This story is from the next print issue of MIT Technology Review, all about exploring hidden worlds. Want to get your hands on a copy when it publishes next Wednesday? Subscribe now

Why China’s EV ambitions need virtual power plants

Virtual power plants (VPPs) are an idea whose time has arrived. They’re basically a layer on top of resources like electric vehicle chargers, solar panels, and battery packs, which allow you to coordinate energy consumption and supply. This lets utility companies handle times of higher energy demand by adjusting the end use of electricity, for example reducing the efficiency of an EV charger so it takes longer to finish and thus puts less burden on the grid.

In China, which is adopting electric vehicles faster than any other country, VPPs could be transformational. The country has just started testing programs which incentivize EV owners to charge their vehicles late at night, when there’s less demand on the grid.

It’s also piloting bidirectional charging stations, which would let EV owners not only use electricity, but even sell it back into the grid at times of peak demand, earning them a little extra cash. Read the full story.

—Zeyi Yang

This story is from China Report, our weekly newsletter giving you behind-the-scenes insights into China and its tech scene. Sign up to receive it in your inbox every Tuesday.

The must-reads

I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.

1 Alabama’s Supreme Court ruled that frozen embryos are ‘children’
It’s a worrying development, especially for people seeking infertility treatments. (CNN)
The first IVF babies conceived by a robot have been born. (MIT Technology Review)

2 Inside AI startup Anthrophic’s funding spree
Investors cannot hand money over to promising AI companies quickly enough right now, it seems. (NYT $)
OpenAI is now valued at a staggering $86 billion. (Bloomberg $)
Why the New York Times could win against OpenAI. (Ars Technica)

3 The EU is setting up rules for sucking CO2 out of the sky
It’s creating a first-of-its-kind certification framework for carbon removal technologies. (The Verge)
How carbon removal technology is like a time machine. (MIT Technology Review)

4 Researchers are imbibing AI with human-like qualities
No one is immune from anthropomorphism, it seems. (New Scientist $)
If you’ve posted on Reddit, your words are probably being used to train AI. (Ars Technica)

5 What mind-reading devices can teach us
They’re restoring functions like speech and movement. But they’re also shining a light on how the brain works. (Nature)
Elon Musk claims the first Neuralink patient can now control a computer mouse with their thoughts. (CNBC)

6 Fake funeral livestream scams are proliferating on Facebook
Beyond grim, and Meta’s doing almost nothing to prevent it. (404 Media)

7 A spacecraft is about to try to snag some space junk
If it works, it’ll be an important development for the effort to clear Earth’s orbit of debris. (Ars Technica)

8 People are breeding pythons to have ‘emoji’ patterns
🐍
But, as always amid a gold rush, some of them are doing some deeply unethical things in the process. (New Yorker $)

9 How scientists predicted Iceland’s vast volcanic eruption
And saved a lot of lives in the process. (Quanta)
How machine learning might unlock earthquake prediction. (MIT Technology Review)

10 Older people are among VR’s most enthusiastic adopters
And studies

Read More

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By: Charlotte Jee
Title: The Download: deep diving, and virtual power plants in China
Sourced From: www.technologyreview.com/2024/02/21/1088754/deep-diving-virtual-power-plants-china/
Published Date: Wed, 21 Feb 2024 13:10:00 +0000

Did you miss our previous article…
https://mansbrand.com/cryptocurrency-payments-for-insurance-are-insurance-companies-really-embracing-bitcoin-and-altcoins-2/

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Tech

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

Inguard Crypto Payment for Insurance 587x330 1 jpg

It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries were among the first to adopt cryptocurrencies. The latter ones have found more than one way to incorporate these means of payment into their business. This approach proved useful not only for companies but also for policyholders.

The above claim was confirmed by several recent surveys, including that of Goldman Sachs, which showed that 6% of respondents (over 300 financial executives in the insurance sector) verified that their companies invest in crypto.

Benefits for Policyholders and Insurance Companies

Several things make cryptocurrencies attractive, not only for insurance companies but also for policyholders. Some of them are beneficial to both parties, and some are specific.

So, when it comes to policyholders, they can expect several advantages of using crypto. One of the most notable is the opportunity for diversification. Thanks to crypto, they can get another asset (on top of the traditional ones) to add to their diversification strategy. By doing this, they can spread risk and keep their funds protected.

Also, policyholders can count on speedy transactions because crypto transactions are usually processed much faster than wire transfers. Receiving claim payouts on time in urgent situations is possible thanks to cryptocurrency.

We should also note that they get more privacy because they can stay pseudonymous.

On the other hand, insurance companies benefit from reduced transaction costs, faster settlements, improved security, and a few other things.

Successful Examples

It’s one thing to discuss things in theory and another to see how they work in real life. Fortunately, there are many successful examples of insurance companies accepting crypto as a payment plan.

INGUARD

Inguard Crypto Payment for Insurance 587x330 2 jpg

INGUARD is one of the leading digital insurance companies based in the U.S. It provides its services in all 50 U.S. States. What makes INGUARD truly special is that they were the first insurance companies in North America to accept Bitcoin payments in 2013.

Interestingly, this brand is partnered with numerous tech companies who share their vision for insurance, including Fitbit and Michelin.

Lemonade

Some insurance companies rely on the blockchain. Lemonade is an excellent example of this. This brand throws blockchain technology and artificial intelligence into the mix or provides pet, car, home, and other types of insurance. It goes without saying that policyholders can use cryptocurrency as a payment plan.

XA

Insurance Axa Accepting Bitcoin 587x330 1 jpg

Compiling a list of insurance companies accepting crypto without mentioning

Read More

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By: CryptoNinjas.net
Title: Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?
Sourced From: www.cryptoninjas.net/2023/11/20/cryptocurrency-payments-for-insurance-are-insurance-companies-really-embracing-bitcoin-and-altcoins/
Published Date: Mon, 20 Nov 2023 06:07:04 +0000

Did you miss our previous article…
https://mansbrand.com/inside-the-hunt-for-new-physics-at-the-worlds-largest-particle-collider/

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