Study Says Plastic Recycling Can Be More Environment Friendly With New Method
The clean energy transformation by countries worldwide has accelerated the process of innovation and new findings to help improve the phenomenon. A study conducted in 2023 shows that waste plastics can be turned into clean hydrogen and high-value graphene.
A recent study conducted by scientists proves that waste plastics can be transformed into high-value graphene and clean hydrogen. The study demands that the process involved in the conversion can convert unsorted and discarded plastics to valuable by-products. The technique involved in transforming plastics into clean energy and high-value graphene is called 'flash joule.' Rice University conducted the study to carry out the findings for the plastic conversion.
Based on the study, the…
View MoreChatGPT Dominates the AI Market with Cutting Edge Features
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Africa To Overtake Europe in the Geothermal Power Sector by 2050
Alphabet Showed Revenue Growth of 11 Percent in 2023
Alphabet has recently revealed its third-quarter earnings reports for 2023 in October. The third quarter earnings reports of Google's parent company, Alphabet, show a revenue growth of 11 percent in 2023.
The recent data provided by Alphabet from its third-quarter earnings reports shows that the company acquired a double-digit score in the year-on-year growth since the second-quarter earnings of 2022. According to Alphabet officials, the company showed progress in the third quarter earnings due to artificial intelligence (AI) induced products. Artificial intelligence has driven the profits with innovations in Search, Cloud, YouTube, and other services of Alphabet. The tech world is enhancing with artificial intelligence technologies that…
View MoreExxon’s Profits Depend on the Surge in Oil Prices
Oil prices are increasing in October 2023 due to several geopolitical issues in the Middle East region. ExxonMobil, one of the largest oil and gas companies in the United States, is trading worldwide, announcing its third-quarter earnings in October 2023.
Exxon Mobil released its third-quarter earnings for 2023, which shows USD 9.1 billion compared to the second-quarter revenues of USD 7.9 billion. The third quarter of 2023 reported higher oil prices, increasing the third quarter earnings of ExxonMobil. The company still loses Wall Street's expectations for the third quarter earnings profit in 2023. Amidst the high oil prices, meeting the market standards to gain profit in the third quarter of 2023 was challenging. Several reasons…
View MoreHalf a Billion of Small Fasttech Electricals are Thrown Away into Waste
New research in 2023 reveals that the United Kingdom threw away almost half a billion small Fast Tech electricals as waste. The study from Material Focus revealed that half a billion tech items, including cables, lights, fans, and other electricals, are discarded as waste in the United Kingdom.
The new research conducted to show the results before E-Waste Day indicates that the United Kingdom's consumption of small tech electricals is growing fast regarding the numbers of electrical items sent to landfills. According to research, "FastTech" refers to small electrical items used in daily lives, such as mini fans, headphones, cables, and many others. All these items can be run for a short period of time and cost no more than 4 Pounds…
View MoreEurope Plans to Be Self-Sufficient with Renewable Energies by USD 2.1 Trillion in 2023
Europe is expected to become self-sufficient in wind and solar energy by USD 2.1 trillion in 2023. The International Monetary Fund (IMF) released data on USD 7 trillion in fossil fuel subsidies supported by businesses and consumers in 2022 for various geopolitical reasons.
Based on the survey, Europe can completely transform itself to wind and solar energy worth USD 2.1 trillion in 2023. Europe expects to release itself from fossil fuels, such as oil, coal, and other fuels, to completely turn towards the clean energy transition in 2023. The survey to support Europe's wean from fossil fuels anticipates annual investments of 140 billion euros by the end of 2030, followed by 100 billion euros per year in the next ten years. A significant…
View MoreUnited States Continues to Dominate the World Data Center Market in 2023
The data center market is gaining a boost worldwide as computing and other data storage sources are rapidly growing. The United States and China have accounted for the largest revenue generators in the world data center market in 2023. The United States will be the biggest data center market worldwide in 2023.
Data centers are responsible for keeping large volumes of data and essential information of the companies' day-to-day activities in high security. The primary factors driving the data center market are the reliability and security provided by the data center to the companies; specifically, IT (Information Technology) companies are getting maximum benefits. Sources reported that IT companies are anticipated to achieve USD 222 billion in…
Robot Tax Implementation in the United States
Robots and automation have set up their base in the technologically evolving market, thus impacting the job market. The market is expected to grow in robots and automation soon. A new question has arisen in the United States on whether to implement a robot tax.
As per 2023 estimation, the manufacturing of robots in the North American region has increased to more than 12 percent in 2022. The growing advancements in robotics and automation have given concerns over the impact on the employment sector and specific jobs. The robot tax idea means that every time the company chooses robots over human workers, it must pay a tax. The robot tax has two aims: to discourage companies as they replaced human workers with robots and to produce a tax for… View MoreSeychelles is the Emerging Nation with Highest GDP in Africa
The African region is emerging as a developing nation with growth in its gross domestic product (GDP). Various reasons contribute to Africa as an emerging nation in 2023. Seychelles is the most developed nation in Africa, with a gross domestic product of USD 19,470 in 2022.
Seychelles is emerging as a developing economy in 2023 due to its stronghold over the nation's tourism and fisheries. These two are the critical factors in driving the economy and growth of Seychelles. In 2023, the Gross Domestic Product is expected to slow to 5.1 percent and 4.2 percent by 2023 because of disruptions in the global supply chain. According to a recent study, Seychelles can make economic progress and balance conservation by adapting different financial…
View MoreUS Government Lays Out Certain Rules and Some Drugs for Negotiation Under Inflation Reduction Act
The United States has decided to cut the prices of certain medical drugs in 2023. It is due to the Inflation Reduction Act of 2022, recently signed by the government of the United States in 2022. The report includes specific provisions to lower the costs of drugs for people and the federal government.
Based on this act, Medicare can negotiate the prices of the prescribed drugs and lower the health care costs. This act allows Medicare to deal directly with companies to lower the prices of costly prescription drugs. The information from other sources mentioned that the drugs were taken from the 50 most pricey medications in Medicare Part D, an insurance plan for seniors who pay for the prescriptions. The data also revealed that the cost of…
View MoreCalifornia Finds Autonomous Vehicles Impedes Emergency Operations in the City
The market for passenger cars with autonomous driving features will be growing daily in 2023. In the era of autonomous driving, passengers can sit back relaxing, and vehicles can handle driving with the automation facility.
In San Francisco, the California Public Utilities Commission (CPUC) has recently voted 3-1 to let self-driving car companies enhance their programs. A considerable conflict happened in August 2023 due to no drivers in the passenger cars, as the public testimony mentions that autonomous vehicles have obstructed the emergency operations in the city.
Over recent years, the number of registered passenger cars worldwide has had the highest share in the autonomous car category. According to a study, regular passenger cars…
View MoreNew Google Search Features to Aid IEA Data on Heating Systems and Electric Vehicles
The clean energy transition worldwide is shifting the focus from conventional vehicles to electric vehicles and heat pumps in 2023. Global energy transition highlights the advantage of electric vehicles compared to conventional fuel-based cars. The same applies to traditional heat pumps and their alternatives, like electric heating systems.
Based on data released by the International Energy Agency (IEA), Google has launched two new search options to help consumers make good decisions regarding the energy sector in their everyday lives. IEA's new initiative will aid customers in making informed decisions, as there are multiple options in the marketplace. International Energy Agency (IEA) officials say that clean energy technologies help to… View MoreArtificial Intelligence Consumes Energy As Much As the Country Size of the Netherlands
Artificial intelligence integrates with industrial applications in every field of the economy, but it has its demerits, too. Artificial intelligence (AI) can consume as much energy as the country size of the Netherlands by 2027.
A study conducted in 2023 warns that AI can engulf as much energy as a country's size by 2027. With the growing trend of ChatGPT since 2022, tech firms have incorporated artificial intelligence-powered services. Integrating artificial intelligence in tech firms' services has drained more energy from online applications. The AI-powered services require more power than the conventional applications. One of the studies also states that if artificial intelligence's current growth is slowed, its environmental impact… View MoreBusiness News
Study Says Plastic Recycling Can Be More Environment Friendly With New Method
The clean energy transformation by countries worldwide has accelerated the process of innovation and new findings to…
ChatGPT Dominates the AI Market with Cutting Edge Features
China Prepares for the Large Scale Production of Humanoid Robots in 2023
Africa To Overtake Europe in the Geothermal Power Sector by 2050
Alphabet Showed Revenue Growth of 11 Percent in 2023
Alphabet has recently revealed its third-quarter earnings reports for 2023 in October. The third quarter earnings…
Exxon’s Profits Depend on the Surge in Oil Prices
Oil prices are increasing in October 2023 due to several geopolitical issues in the Middle East region. ExxonMobil, one…
Half a Billion of Small Fasttech Electricals are Thrown Away into Waste
New research in 2023 reveals that the United Kingdom threw away almost half a billion small Fast Tech electricals as…
Europe Plans to Be Self-Sufficient with Renewable Energies by USD 2.1 Trillion in 2023
Europe is expected to become self-sufficient in wind and solar energy by USD 2.1 trillion in 2023. The International…
United States Continues to Dominate the World Data Center Market in 2023
The data center market is gaining a boost worldwide as computing and other data storage sources are rapidly growing. The…
Robot Tax Implementation in the United States
Robots and automation have set up their base in the technologically evolving market, thus impacting the job market. The…
Seychelles is the Emerging Nation with Highest GDP in Africa
The African region is emerging as a developing nation with growth in its gross domestic product (GDP). Various reasons…
US Government Lays Out Certain Rules and Some Drugs for Negotiation Under Inflation Reduction Act
The United States has decided to cut the prices of certain medical drugs in 2023. It is due to the Inflation Reduction…
California Finds Autonomous Vehicles Impedes Emergency Operations in the City
The market for passenger cars with autonomous driving features will be growing daily in 2023. In the era of autonomous…
New Google Search Features to Aid IEA Data on Heating Systems and Electric Vehicles
The clean energy transition worldwide is shifting the focus from conventional vehicles to electric vehicles and heat…
Artificial Intelligence Consumes Energy As Much As the Country Size of the Netherlands
Artificial intelligence integrates with industrial applications in every field of the economy, but it has its demerits…
