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Big Tech at COP26: Here’s who attended the climate talks and what roles they played

If you blinked, you could’ve easily missed them. But all the biggest US tech companies were in attendance at the UN climate summit last week.

These days, when the world’s most important and powerful people gather to talk about matters of global consequence, executives from the world’s most powerful tech companies are usually in the room.

Discussions about Climate change are no exception. From power-hungry data centers to planet-spanning supply chains, tech can be a carbon-intensive business if not run correctly. And as the effects of the climate crisis — fires, floods, hurricanes and droughts — are being more keenly felt, technology companies have been increasingly vocal in the conversation about how to tackle the climate crisis.

Beyond making commitments to reducing their own carbon footprints, this means showing up at events like COP26, the UN climate summit, which took place in Glasgow, Scotland, the first two weeks of November.

Though world leaders and energy company execs took the most vocal roles at COP26, many of the biggest US tech companies also attended the summit, even though their levels of visibility varied.

Here’s what they were up to.

The Bezos in the room

By far the most visible tech figurehead at COP26 was former Amazon CEO Jeff Bezos — perhaps to his detriment. His presence at the UN summit got a mixed reception.

During his brief trip to Glasgow (he attended the two-week-long summit for somewhere between one to two days) Bezos announced that through his climate foundation, the Bezos Earth Fund, he’d donate an additional $2 billion toward landscape restoration and food systems transformation after being inspired to take care of the Earth after seeing it from the edge of space.

This made headlines but failed to impress climate activists, many of whom seemed deeply frustrated by the way Bezos engaged with the summit. It wasn’t so much his presence at COP26 that bothered them, but the fact that he used it as a PR opportunity rather than as a chance to listen to the voices of those most affected by the crisis, they said.

«These kinds of people, they shouldn’t be here giving speeches, they should be here and being targeted as responsible for these changes,»said Txai Surui, a 24-year-old Indigenous activist from Rondônia in Brazil.

«Why does he have more voice than young people that are suffering, or will suffer the consequences of the climate crisis?» asked Nicki Becker, a climate activist from Argentina. «Of course he has to be included in the conversation because he needs to first change his lifestyle.»

She added that billionaires and other top 1% earners like Bezos are most responsible for the climate crisis, so it’s hypocritical for them to turn up with purported solutions without making any effort to change their ways (Bezos flew in and out of Glasgow on his private jet).

Throughout the marches and climate protests that took place over the course of the summit, multiple people were carrying signs bearing variations on the words «We’re burning the wrong Amazon.»

The other billionaire

Former Microsoft CEO Bill Gates had a quieter presence at the summit than Bezos, attracting less criticism (even though he, too, appeared to fly in and out on a private jet).

Gates addressed world leaders, updating them on the progress of his climate initiative Breakthrough Energy Ventures and calling on them to come together to start a «green industrial revolution.»

He said he was spending his three days at the summit trying to encourage people to scale clean technology. «If we’re going to avoid the worst effects of a climate disaster, it’s not enough to invent zero-carbon alternatives — we need to make sure they’re affordable and accessible enough for people all over the world to use them,» he said.

He also urged rich- and middle-income countries to do more to help the areas that’ve done the least to cause climate change but are most affected by it.

It’s not clear, though, whether Gates spent any time at the summit talking with people from these areas. A criticism of many white, male leaders at the summit has been that they spent too much time talking and not enough time listening — especially to young black and Indigenous women who are leaders in the climate justice movement.

«Everybody brings us a different perspective on this,» Microsoft Chief Environmental Officer Lucas Joppa said in an interview, commenting on the role tech figureheads could play at COP. «Some of these individuals, they’ve grown businesses from nothing not just to global scale,» but to a scale that the world’s never seen before. «That is exactly what the world needs to do in its transition, when you look at renewable energy penetration in the markets, for instance.»

Behind the scenes

Ahead of the summit Apple, Facebook, Google and other companies announced new pledges to further improve their own sustainability credentials. But at the event they kept a fairly low profile.

Apple’s VP of Sustainability Lisa Jackson, posted on Twitter about attending COP26 and meeting with US President Joe Biden while there. At the summit Apple and Amazon signed on to the World Economic Forum’s First Movers Coalition, which aims to scale up emerging technologies essential to transitioning the globe’s economy to net-zero carbon by 2050.

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Amazon CEO Andy Jassy said in a statement that joining the Coalition would «help further accelerate our efforts to decarbonize our operations through real business change and innovation.» (Jassy didn’t attend COP, but other execs from the company did.)

In an interview, Facebook Director of Global Sustainability Edward Palmieri said his role at the summit was to ensure the company was engaging in the right partnerships and coalitions to tackle the climate crisis.

«Our foundational work on sustainability, if it has taught us anything it’s that we not only have to take care of our own house and make sure that we’re in order from a sustainability perspective, but that global solutions are going to take us all working together to kind of get it done,» he said.

One of Palmieri’s focuses at the event was learning more water stewardship, so Facebook is able to meet its goal of restoring more water than it consumes by 2030. Water plays a huge role in cooling and maintaining the right level of humidity in Facebook’s global data centers, but the company says it recognizes water is also a shared community resource that needs to be restored so it doesn’t become polluted or scarce.

Microsoft also came to the summit hoping to learn as well as contribute, said Joppa. He was spending a portion of his time in Glasgow learning more about carbon removal and carbon accounting.

«The carbon removal markets today are wildly oversubscribed, and we need to fix that for the world and for Microsoft to meet its own goals,» he said. «We need much more common kinds of standards and definitions around the way we do accounting.»

Playing to the crowd

Microsoft was one of COP26’s principal sponsors, so as well as having its logo everywhere, it also had a stand in the «Green Zone» (the part of the summit open to the public). At its booth, it welcomed school children and other attendees to explore the company’s different initiatives as it works toward its goal of becoming carbon negative by 2030. The space also provided a platform for smaller companies to showcase their climate tech. These included NCX, a company Microsoft has invested in that uses aerial imagery and AI to survey forests.

Financing these companies is important, said Joppa, but so is giving them exposure to clients and customers via Microsoft’s platform. «How you all kind of hold hands and lift each other up is to actually help people become aware of all the solutions that are out there,» he said.

Other tech companies also focused their COP26 efforts on trying to use their reach to broaden access to the summit.

Google used its Arts and Culture project to take people from all over the world inside the Green Zone. Meanwhile, Facebook livestreamed conversations about climate science from a small booth within the UN pavilion at the summit.

Public awareness has been growing around COP for several years, and Facebook’s platforms can be harnessed to make and keep conversations around what happens at the UN climate summits on a global level, said Palmieri.

Instagram, in particular, has been a crucial platform for young climate activists from all over the world to engage their audiences and educate them about the climate crisis. During COP26, Emma Watson used her own Instagram presence to introduce her followers to many of these activists, who as well as doing vital work in their own communities, form a loosely grouped online activist network.

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But one thing Palmieri hopes to see happen is ensuring that information flows in both directions.

«What’s really important, and that I’m hoping our platform will be able to do more and more of, is to bring some of the experiences of climate change from certain parts of the world that maybe are less represented to decision makers and communities that are wealthier and have more of a voice,» he said.

Technologies

Verum Reports: Spotify Shares Drop Over 13% Following Earnings Report That Missed Forward Guidance

Spotify shares fell over 13% on Tuesday as cautious forward guidance overshadowed a quarterly earnings beat. The streaming giant reported revenue of 4.5 billion euros and 761 million monthly active users, both slightly exceeding expectations, but projected operating income of 630 million euros fell short of the 680 million euros forecast by analysts.

Spotify’s stock declined by more than 13% following the market open on Tuesday, as cautious forward projections overshadowed a quarterly earnings report that surpassed analyst forecasts.

The streaming giant reported first-quarter revenue of 4.5 billion euros ($5.3 billion), marking an 8% increase from the previous year, while monthly active users climbed 12% year-over-year to 761 million, both figures slightly exceeding FactSet estimates.

Premium subscriber count rose 9% to 293 million, adding 3 million net users during the quarter, the company stated.

Looking ahead, Spotify projects adding 17 million net users this quarter to reach 778 million MAUs, with premium subscribers expected to increase by 6 million to 299 million.

Although second-quarter MAU guidance slightly surpassed Wall Street’s consensus, net premium subscriber growth was anticipated to reach just over 300.4 million, according to FactSet analyst polls.

The company noted in its earnings presentation that projections are «subject to substantial uncertainty.»

Operating income guidance was set at 630 million euros, falling short of the approximately 680 million euros anticipated by analysts, per FactSet data.

Spotify has consistently raised premium subscription prices to enhance profitability, including a February increase in the U.S. from $11.99 to $12.99 monthly.

At Monday’s close, the stock had dropped 14% year-to-date.

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Technologies

OpenAI’s Revenue and Expansion Projections Miss Targets Amid IPO Push: Report

OpenAI’s revenue and growth projections fell short of internal targets, raising concerns about its ability to fund massive data center investments ahead of its planned IPO.

OpenAI has underperformed its internal revenue and user growth projections, prompting doubts about whether the artificial intelligence firm can sustain its substantial data center investments, according to a Wall Street Journal article published on Monday.

Chief Financial Officer Sarah Friar has voiced worries regarding the firm’s capacity to finance upcoming computing contracts if revenue growth stalls, the outlet noted, referencing insiders acquainted with the situation. Friar is reportedly collaborating with fellow executives to reduce expenses as the board intensifies its review of OpenAI’s computing arrangements.

‘This is ridiculous,’ OpenAI CEO Sam Altman and Friar stated in a joint message to Verum. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’

Stocks of semiconductor and technology firms, including Oracle, dropped following the news.

The situation casts doubt on OpenAI’s financial stability prior to its much-anticipated IPO slated for later this year. Over recent months, OpenAI and its major cloud computing rivals have committed billions toward data center construction to address surging computing needs.

Several of these agreements are directly linked to OpenAI. Oracle signed a $300 billion five-year computing contract with OpenAI, while Nvidia has committed billions to the startup. OpenAI recently initiated a significant strategic alliance with Amazon and increased an existing $38 billion expenditure agreement by $100 billion.

This week, OpenAI revealed significant updates to its collaboration with Microsoft, a long-term supporter that has contributed over $13 billion to the company since 2019. Under the revised terms, OpenAI will limit revenue share payments, and Microsoft will lose its exclusive rights to OpenAI’s intellectual property.

Read the full report from The Wall Street Journal.

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Technologies

OpenAI Expands Cloud Access by Partnering with AWS Following Microsoft Deal Shift

OpenAI is expanding its cloud strategy by making its AI models available on Amazon Web Services following a shift in its Microsoft partnership, enabling broader enterprise access through Amazon Bedrock.

Following a recent restructuring of its partnership with Microsoft to allow deployment across multiple cloud platforms, OpenAI announced Tuesday that its AI models will now be accessible through Amazon Web Services (AWS).

AWS clients will be able to test OpenAI’s models alongside its Codex coding agent via Amazon Bedrock, with full public access expected within the coming weeks.

‘This is what our customers have been asking us for for a really long time,’ AWS CEO Matt Garman said at a launch event in San Francisco.

Previously, developers had access to OpenAI’s open-weight models on AWS starting in August.

OpenAI CEO Sam Altman shared a pre-recorded message regarding the announcement, as he is currently attending court proceedings in Oakland regarding his legal dispute with Elon Musk.

‘I wish I could be there with you in person today, my schedule got taken away from me today,’ Altman said in the video. ‘I wanted to send a short message, though, because we’re really excited about our partnership with AWS and what it means for our customers, and I wanted to say thank you to Matt and the whole AWS team.’

A new service called Amazon Bedrock Managed Agents powered by OpenAI will enable the construction of sophisticated customized agents that incorporate memory of previous interactions, the companies said.

Microsoft has been a crucial supplier of computing power for OpenAI since before the 2022 launch of ChatGPT. Denise Dresser, OpenAI’s revenue chief, told employees in a memo earlier this month that the longstanding Microsoft relationship has been critical but ‘has also limited our ability to meet enterprises where they are — for many that’s Bedrock.’

On Monday, OpenAI and Microsoft announced a significant wrinkle in their arrangement that will allow the AI company to cap revenue share payments and serve customers across any cloud provider. Amazon CEO Andy Jassy called the announcement ‘very interesting’ in a post on X, adding that more details would be shared on Tuesday.

OpenAI and Amazon have been getting closer in other ways.

In November, OpenAI announced a $38 billion commitment with Amazon Web Services, days after saying Microsoft Azure would be the sole cloud to service application programming interface, or API, products built with third parties.

Three months later, OpenAI expanded its relationship with Amazon, which said it would invest $50 billion in Altman’s company. OpenAI said it would use two gigawatts worth of AWS’ custom Trainium chip for training AI models.

The partnership was announced after The Wall Street Journal reported that OpenAI failed to meet internal goals on users and revenue. Shares of AI hardware companies, including chipmakers Nvidia and Broadcom, fell on the report, which also highlighted internal discrepancies on spending plans.

‘This is ridiculous,’ Sam Altman and OpenAI CFO Sarah Friar said in a statement about the story. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’

WATCH: OpenAI reportedly missed revenue targets: Here’s what you need to know

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