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Argus launches nature-based removal prices for the voluntary carbon market

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Global energy and commodity price reporting agency Argus has launched a new suite of price assessments for the nature-based removals segment of the global voluntary carbon market (VCM), increasing price transparency at a time when demand and liquidity are growing.
Argus publishes prices for three distinct project types: Improved Forest Management (IFM); Afforestation, Reforestation and Revegetation (ARR) and Blue Carbon, each with detailed breakdowns by geography and vintage.
The majority of the VCM volume traded in the market today comprises credits issued by projects engaged in emissions avoidance, as reflected in Argus’ existing reporting on project types such as Avoided Deforestation, Clean Cookstoves and Renewable Energy. But recent market developments have created a need for insight on increasingly liquid nature-based emission removal projects.
Argus’ reporting on the VCM is focused on addressing the need for detailed and specific price assessments, aiming to avoid the market standardisation produced by broad baskets of non-fungible and diverse project types, conflating key value parameters such as geography or vintage, and over-reliance on automation and exchange-traded data. Argus’ assessment approach involves price reporters sense-checking and corroborating bids, offers and transactions, in order to provide granularity, reliability and transparency.
As such, Argus’ carbon credit prices are stratified by project type, vintage and geography to produce assessments more closely aligned with market liquidity. By focusing on the core, most frequently-traded credits, Argus maintains the flexibility to adapt when new areas of liquidity start to develop.
Argus Media chairman and chief executive Adrian Binks said: “After extensive engagement with market participants, we are pleased to bring greater transparency to the global voluntary carbon market with an important expansion of our price reporting and insight, which will play a crucial role in the market’s attempt to achieve scale. Our new nature-based removal prices are underpinned by our robust and transparent assessment methodology and reflect input from physical buyers and sellers from the voluntary carbon market.”
Argus’ new nature-based removal prices will comprise weekly outright price assessments for ARR (Colombia, China and Uruguay), IFM (US and China) and Blue Carbon (Delta Blue Carbon, Pakistan) and will cover vintages relating to each of the six years before the date of assessment and reflecting current market liquidity. Argus’ assessments are based on transactions, bids and offers in the spot market to ensure that they are accurate and robust representations of fair market value.
Argus already publishes prices for Reducing Emissions from Deforestation and Forest Degradation (REDD)+ (Latin America, southeast Asia and sub-Saharan Africa); Clean Cookstoves (Africa, Asia and Latin America), Renewable Energy (China, India, Turkey and Brazil – each split by wind, solar and hydro) and Project Specific Prices (Envira, Kariba, Rimba Raya, Katingan and Southern Cardamom).
The post Argus launches nature-based removal prices for the voluntary carbon market appeared first on Hipther Merch.

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Sainsbury’s aims to be an ‘AI-enabled grocer’ with Microsoft AI technology

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Sainsbury’s, a prominent UK supermarket chain, is set to leverage Microsoft’s artificial intelligence and machine learning tools to elevate its store operations and provide customers with a more engaging and convenient shopping experience.
As part of its strategic initiative, the ‘Next Level Sainsbury’s strategy’, the supermarket will integrate generative AI, powered by Microsoft Azure, to enhance its online shopping platform and optimize customers’ search experience. By harnessing AI capabilities, Sainsbury’s aims to offer a more interactive and personalized online shopping journey for its millions of customers across the UK.
In addition to enhancing the online shopping experience, Sainsbury’s plans to equip its store colleagues with real-time data and insights to streamline in-store processes such as shelf replenishment. Leveraging multiple data inputs, including shelf-edge cameras, AI technology will guide colleagues on prioritizing restocking activities, thereby improving efficiency and productivity.
Over the next five years, Sainsbury’s will deploy Microsoft Azure to implement these initiatives, integrating data assets with Microsoft 365 collaboration tools to drive innovation and operational excellence.
Clodagh Moriarty, Chief Retail and Technology Officer at Sainsbury’s, expressed confidence in the collaboration with Microsoft, emphasizing its role in accelerating the supermarket’s ambition to become the UK’s leading AI-enabled grocer. Moriarty highlighted the strategic investment in transformative capabilities, aimed at enhancing efficiency, productivity, and customer service while delivering value to shareholders.
Clare Barclay, CEO of Microsoft UK, commended Sainsbury’s visionary approach, noting its commitment to placing AI at the forefront of its business strategy. Barclay expressed enthusiasm for the collaboration, emphasizing its potential to revolutionize the retail experience for both customers and store colleagues.
The partnership between Sainsbury’s and Microsoft signifies a significant step towards ushering in the next generation of retail, powered by innovative AI-driven solutions.
Source: technologyrecord.com
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Researchers build AI-driven sarcasm detector

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Artificial intelligence has made remarkable strides, from passing bar exams to reading bedtime stories with emotion. Yet, despite these feats, it still falls short of matching the intricate nuances of human communication—particularly, the art of sarcasm.
However, researchers in the Netherlands are determined to change that narrative. They have developed an AI-driven sarcasm detector that can discern when sarcasm is being used, a feat previously thought to be exclusive to human cognition.
Matt Coler, from the University of Groningen’s speech technology lab, expresses excitement about the project’s progress. He emphasizes the importance of understanding sarcasm, a pervasive aspect of human discourse, to facilitate seamless communication between humans and machines.
Recognizing sarcasm poses challenges due to its subtlety, especially in text-based interactions where cues like tone and facial expressions are absent. To overcome this, researchers trained their AI using a combination of text, audio, and emotional content from popular sitcoms like Friends and The Big Bang Theory.
The AI, trained on annotated data from these shows, demonstrated an impressive ability to detect sarcasm in unlabelled exchanges from the sitcoms, achieving an accuracy rate of nearly 75%. Further enhancements are underway, including incorporating visual cues like eyebrow movements and smirks, to improve accuracy even more.
Beyond enhancing interactions with AI assistants, this technology holds potential for detecting negative language and identifying instances of abuse or hate speech. However, as AI becomes more adept at understanding sarcasm, questions arise about its potential to wield sarcasm itself.
Coler muses about the implications of machines responding with sarcasm, raising concerns about clarity in communication. Nonetheless, advancements in AI-driven sarcasm detection offer promising prospects for improving human-machine interactions and bridging the gap between artificial and human intelligence.
Source: theguardian.com

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AI, bias and experiments: how Women in News is tackling tech’s inbuilt stereotypes

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Issues surrounding bias in AI are deeply rooted in the accuracy, trustworthiness, and quality of data, which, if overlooked, can significantly skew outcomes. Lyndsey Jones, an AI author and transformation coach, delves into these concerns, offering valuable insights for newsrooms on monitoring and reviewing data.
Madhumita Murgia, an AI journalist and the first artificial intelligence editor of the Financial Times, sheds light on how women, migrants, precarious workers, and minority groups are disproportionately affected by the technical limitations of Generative AI. Murgia emphasizes the lack of representation of these groups in the development process of AI technologies, highlighting the need for inclusive participation.
WAN-IFRA Women In News workshops on the Age of AI in the newsroom have brought bias effects to the forefront. Through the Digital ABCs training program, media professionals are equipped with skills to navigate the digital landscape and drive organizational change.
A newly launched module focuses on AI, with over 100 participants in eastern Europe taking part, now extended to journalists in parts of Africa, the Middle East, and Southeast Asia. Instances of bias surfaced during the training, such as generating offensive avatars and misinterpretation of accents in AI tools.
Google CEO Sundar Pichai’s acknowledgment of biased AI tools reflects ongoing concerns in the industry. Timnet Gebru’s dismissal from Google for highlighting biases further underscores the need for vigilance in addressing these issues.
Diverse teams in WIN’s Age of AI program are experimenting with various tools like fact-checking and enhancing staff skill sets in AI usage. Projects under consideration for further EU funding include a video lab for content amplification and an AI avatar for journalist safety.
Media companies must ensure diverse staff collaboration when testing AI tools. Quotas for women in AI research and cross-border partnerships may be necessary for smaller media groups to compete effectively.
Journalists can take steps to improve content quality by examining storytelling practices and ensuring diversity in sources and representation. Consistency of data collection across departments and assessing biases in data sets are crucial for ethical AI usage in journalism. Ultimately, AI tools should be used to enhance journalism’s quality and integrity, rather than generating clickbait or misinformation.
Source: wan-ifra.org

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