Maersk Offshore Wind is building a wind installation vessel concept (Maersk WIV) that can install offshore turbines faster and cheaper.
Denmark-headquartered Maersk Offshore Wind, which is owned by AP Moller Holding, is a spinoff of Maersk Supply Service, which designed and developed the wind installation vessel concept.
The Maersk WIV (concept pictured above) will be permanently stationed at a…
Hyundai believes it has found the “sweet spot” with three long-range, fast-charging, and affordable EVs available in the US. With rivals launching new electric models this year, Hyundai expects stronger competition in the second half of the year.
After setting a new EV…
Singapore Exchange (SGX) CEO Loh Boon Chye has shared his insights on whether Singapore’s largest stock exchange will offer crypto-based listings. The executive emphasizes the need for a sustainable ecosystem, stating: “That really means demand, that really means…
The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent oversight to maintain market integrity in the capital market. Edun also highlighted the importance of staying informed and adaptable, especially in fast-evolving…
Italy’s central bank will soon release guidelines on implementing the European Union’s Markets in Crypto Assets Regulation (MiCA) Regulation to ensure the payment system’s regular functioning, Bank of Italy Governor Fabio Panetta revealed on Tuesday. In his speech to…
AI agent benchmarks are misleading, study warns
July 8, 2024
AI agents are becoming a promising new research direction with potential applications in the real world. These agents use foundation models such as large language models (LLMs) and vision language models (VLMs) to take natural language instructions and pursue complex goals…
AI underwent a paradigm shift in November 2022, pivoting from a technology advancing in the background to a frontstage disruptor. Fast forward to now and we’ve already reached the next phase of generative AI, with consumers embracing the technology and organizations beginning to invest at-scale.
Gen AI stands to fundamentally shift how businesses function and thrive. Put simply, it will rework…
As generative AI, and in particular large language models (LLMs), are being used in more applications, ethical issues like bias and fairness are becoming more and more important. These models, trained on massive datasets, often reproduce societal biases present in the…
The Port of Los Angeles is getting closer to reaching its goal of zero emission operations, deploying five electric top handlers each capable of grabbing 100,000 lb. shipping containers and stacking them up to six high.
Visibly similar to forklifts, top handlers grab…
A German offshore wind farm in the North Sea will use Chinese-made turbines for the first time (and they’re mighty).
Hamburg-based clean energy asset manager Luxcara signed a preferred turbine supplier agreement with China’s Mingyang Smart Energy for the offshore wind farm Waterkant.
The reservation agreement is for 16 of the world’s most powerful offshore wind turbines with up to 18.5…
