Category: Innovation

CES startups face cautious investors amid economic woes

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An exhibitor demonstrates the OneThird avocado ripeness checker during CES Unveiled before the start of the CES tech show, Tuesday, Jan. 3, 2023, in Las Vegas. More than a thousand startups are showcasing their products at the annual CES tech show in Las Vegas, hoping to create some buzz around their gadgets and capture the eyes of investors who can help their businesses grow.(AP Photo/John Locher, File)

By HALELUYA HADERO AP Business Writer

LAS VEGAS (AP) — More than a thousand startups are showcasing their products at the annual CES tech show in Las Vegas, hoping to create some buzz around their gadgets and capture the eyes of investors who can help their businesses grow.

But amid the slew of layoffs in the tech industry and an economic landscape battered with high inflation and interest rates, many may be met with cautious investors looking for products that can deliver quick returns instead of hype.

Analysts say the event this year has somewhat of a muted tone compared to prior shows, when many companies routinely unveiled pie-in-the-sky projects that never saw the light of day. Carolina Milanesi, president and principal analyst at the consumer tech research firm Creative Strategies, said this time around, many of the tech items displayed during the show’s media preview days, which occurred Tuesday and Wednesday, have been less “flamboyant” compared to prior years, which showcased things like talking microwaves and smart jeans that vibrate to direct users.

“The economy — and I think the mood in general — is a little bit negative around tech,” Milanesi said. “It’s really getting companies to focus on real value for customers.” Continue reading

CES 2023: Tech world to gather and show off gadgets

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FILE – People walk across an empty booth spot during the CES tech show on Jan. 6, 2022, in Las Vegas. CES is returning to Las Vegas in January 2023 with the hope that it inches closer to how it looked before the pandemic. (AP Photo/Joe Buglewicz, File)

By HALELUYA HADERO AP Business Writer

NEW YORK (AP) — CES, the annual tech industry event formerly known as the Consumer Electronics Show, is returning to Las Vegas this January with the hope that it looks more like it did before the coronavirus pandemic.

The show changed its name to CES to better reflect the changing industry and the event, which had expanded beyond audio and video to include automotive, digital health, smart phones, wearables and other technologies.

Companies and startups will showcase innovations in virtual reality, robotics and consumer tech items to the media and others in the tech industry during next month’s gadget show and organizers say their goal is to draw 100,000 attendees.

That would be a marked contrast with the look and feel of the past two shows — the last of which saw a 70% drop in in-person attendance amid the spread of the Omicron variant. The one before that was held virtually, replacing in-person displays and meet and greets with video streams and chats. Continue reading

The Deserts of Bolivia Hold The Key to Your New Electric Car

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By Carley Rojas Avila

The next generation of technological advancement might rely on the same place it has turned to since the days of the Spanish conquistadors: Bolivia. Despite being one of the poorest nations in the Americas, this landlocked South American country is exceedingly rich in the resources required to make our world move.

With global supplies of lithium, the critical element needed for electric car batteries dwindling fast, Bolivia’s vast, remote salt flats may hold the key to the future. But one of South America’s most famous natural wonders may be at stake. Continue reading

More consumers buying organic, but US farmers still wary

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George Naylor looks over organic apples grown on his farm, Tuesday, Sept. 13, 2022, near Churdan, Iowa. Naylor, along with his wife Patti, began the transition to organic crops in 2014. The demand for organics has increased so fast that the U.S. Department of Agriculture last month committed up to $300 million to help farmers switch from conventional crops. (AP Photo/Charlie Neibergall)

By SCOTT McFETRIDGE Associated Press

CHURDAN, Iowa (AP) — In the 1970s when George Naylor said he wanted to grow organic crops, the idea didn’t go over well.

Back then organic crops were an oddity, destined for health food stores or maybe a few farmers markets.

“I told my dad I wanted to be an organic farmer and he goes, ‘Ha, ha, ha,'” Naylor said, noting it wasn’t until 2014 that he could embrace his dream and begin transitioning from standard to organic crops.

But over the decades, something unexpected happened — demand for organics started increasing so fast that it began outstripping the supply produced in the U.S.

Now a new challenge has emerged: It’s not getting consumers to pay the higher prices, it’s convincing enough farmers to get past their organic reluctance and start taking advantage of the revenue pouring in.

Instead of growing to meet the demand, the number of farmers converting to organic is actually dropping. Last month, the U.S. Department of Agriculture committed up to $300 million to recruit and help more farmers make the switch. Continue reading

EU wants to toughen cybersecurity rules for smart devices

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FILE – European Commissioner for Internal Market Thierry Breton speaks during a signature ceremony regarding the Chips Act at EU headquarters in Brussels, Tuesday, Feb. 8, 2022. The European Union’s executive arm proposed new legislation Thursday, Sept. 15, 2022, that would force manufacturers to ensure that devices connected to the internet meet cybersecurity standards, making the 27-nation bloc less vulnerable to attacks. (AP Photo/Virginia Mayo, file)

By SAMUEL PETREQUIN Associated Press

BRUSSELS (AP) — The European Union’s executive arm proposed new legislation Thursday that would force manufacturers to ensure that devices connected to the internet meet cybersecurity standards, making the 27-nation bloc less vulnerable to attacks.

The EU said a ransomware attack takes place every 11 seconds, and the global annual cost of cybercrime is estimated at 5.5 trillion euros in 2021. In Europe alone, cyberattacks cost between 180 and 290 billion euros each year, according to EU officials.

The European Commission said an increase of cyberattacks was witnessed during the coronavirus pandemic and that Russia’s war in Ukraine has raised concerns that European energy infrastructure could also be targeted amid a global energy crunch.

The law, proposed as the Cyber Resilience Act, aims to remove from the EU market all products with digital elements that are not adequately protected. Continue reading

Bill Clinton: ‘The world’s on fire,’ but teamwork can help

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FILE – Democratic presidential candidate Hillary Clinton is joined by daughter Chelsea Clinton and husband, former President Bill Clinton, during a late-night campaign rally at North Carolina State University in Raleigh, N.C., Tuesday, Nov. 8, 2016. The first Clinton Global Initiative since 2016 is set to kick off Monday, Sept. 19, 2022, in New York City, with top international leaders from politics, business, and philanthropy set to attend and collaborate to tackle world issues. (AP Photo/Gerry Broome, File)

By GLENN GAMBOA AP Business Writer

NEW YORK (AP) — Former President Bill Clinton is calling on governments, businesses, philanthropies and other prominent institutions to draw together and help a world that is “on fire” as he reconvenes the Clinton Global Initiative, the meeting of international leaders, for the first time since 2016.

Interest in the two-day meeting has been so intense that the Clinton Foundation had to turn away more than 1,000 potential attendees. It is convening a spectrum of luminaries, including Jordan’s Queen Rania Al Abdullah, Barbados Prime Minister Mia Mottley, BlackRock CEO Larry Fink, Nobel Peace Prize winner Malala Yousafzai and actor and water access activist Matt Damon.

Clinton, president of the United States from 1993 to 2001, said he has been amazed by the massive response.

“The world’s on fire in a lot of different ways,” he told The Associated Press in an interview. “But there are a lot of things that businesses, non-governmental groups and governments working together can do to help with a lot of these problems.” Continue reading

Why Louvre’s Mona Lisa keeps a smile: Paris’ cooling system

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A worker inspects machines at part of Fraicheur de Paris’ underground cooling system, in Paris, Tuesday, July 26, 2022. The system, which uses electricity generated by renewable sources, is the largest in Europe and goes unnoticed above ground. (AP Photo/Lewis Joly)

By THOMAS ADAMSON and NICO GARRIGA Associated Press

PARIS (AP) — The Mona Lisa may maintain her famously enigmatic smile because she benefits from one of Paris’ best-kept secrets: An underground cooling system that’s helped the Louvre cope with the sweltering heat that has broken temperature records across Europe.

The little-known “urban cold” network snakes unsuspecting beneath Parisians’ feet at a depth of up to 30 meters (98 feet), pumping out icy water through 89 kilometers (55 miles) of labyrinthine pipes, which is used to chill the air in over 700 sites. The system, which uses electricity generated by renewable sources, is the largest in Europe — and chugs on around the clock with a deafening noise totally inaudible above ground.

Paris City Hall has now signed an ambitious contract to triple the size of the network by 2042 to 252 kilometers (157 miles). It would make it the largest urban cooling system in the world. The new contract intends to help the city to both adapt to and combat the threat of global warming. Many parts of Europe hit 40 degrees Celsius (104 Fahrenheit) in July. Continue reading

Some schools build affordable housing to retain teachers

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A view from the third floor of the courtyard, of a new housing complex for Jefferson Union High School District teachers and education staff, in Daly City, Calif., Friday, July 8, 2022. The school district in San Mateo County is among just a handful of places in the country with educator housing. But with a national teacher shortage and rapidly rising rents, the working class district could serve as a harbinger as schools across the U.S. seek to attract and retain educators. (AP Photo/Godofredo A. Vásquez)

By JANIE HAR Associated Press

DALY CITY, Calif. (AP) — San Francisco Bay Area high school teacher Lisa Raskin moved out of a cramped apartment she was sharing with a roommate and into her own place this month, paying a deeply discounted $1,500 a month for a one-bedroom with expansive views within walking distance to work.

It was once an impossible dream in an exorbitantly priced region hostile to new housing. But her employer, a 4,000-student school district south of San Francisco, was the rare success story in the struggle to provide affordable housing and in May, it opened 122 apartments for teachers and staff.

“I have a sense of community, which I think is more valuable than anything else,” the 41-year-old San Francisco native said. “More districts really need to consider this model. I think it shows educators that they value them.”

The Jefferson Union High School District in San Mateo County’s Daly City is among just a handful of places in the country with educator housing. But with a national teacher shortage and rapidly rising rents, the working-class district could serve as a harbinger as schools across the U.S. seek to attract and retain educators. Continue reading

Will money-back guarantee win over wealthy donors?

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(Hailey Tucker/One Acre Fund via AP)

By DREW LINDSAY of The Chronicle of Philanthropy Chronicle of Philanthropy

A glossy book is arriving at the homes and offices of America’s wealthiest individuals. Inside is a charity pitch that aims to raise as much as $6 billion for nonprofits fighting global poverty.

The proposition? Donate and get results — or your money back.

The advocacy group Global Citizen and the finance firm NPX are engineering this campaign. It targets Forbes 400 billionaires, Giving Pledge members, and the wealthy generally — a group increasingly criticized for what is seen as tight purse strings. The drive launched recently with dinners, meetings, and a Wall Street Journal ad that asked: “Will you donate … if we achieve results?” Continue reading

Portable Device Creates Drinkable Ocean Water in Minutes

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By Dane Dickerson

A crack team of research engineers from the Massachusetts Institute of Technology (MIT) develops a user-friendly and portable unit that removes salt and other particles from ocean water in a flash. It is roughly the size of a suitcase and incredibly easy to use.

The portable desalinization unit was born in MIT’s Research Laboratory of Electronics (RLE), the birthplace of Ion Concentration Polarization (ICP) which is the filtration process behind its compact design.

For over a decade, a team of five, including senior author Jongyoon Han, sculpted a revolutionary desalination device into existence. It is primarily envisioned to help communities without clean drinking water create their own, among other applications. Continue reading