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On July 21, Horizon Robotics (09660.HK) announced that it expects its profit for the first half of 2026 to be between RMB 3.5 billion and RMB 4 billion, compared to a loss of RMB 5.233 billion in the same period last year, representing a turnaround from loss to profit. The Group anticipates an increase in revenue from continuing operations for the six months ended June 30, 2026, primarily driven by the combined performance of its two main revenue segments. The increase in revenue from product solutions is mainly attributed to the Companys continued strengthening of its market position and steady increase in market share, as well as the commencement of large-scale mass production deployment of its all-scenario urban NOA solution (HSD).U.S. stock index futures strengthened, with Nasdaq futures up more than 1%, Dow Jones futures up 0.27%, and S&P 500 futures up 0.4%.Japanese chip stocks continued to rise, with Kioxia shares surging 14%, SoftBank Group up 6.1%, and Advantest up 5.9%.On July 21, Tencent Hunyuan announced the launch of Hyra-1.0, the first version of its research agent (Hunyuan Research Agent). According to Tencent Hunyuan, this is an intelligent agent capable of recursive self-improvement and performance-oriented research and engineering tasks. Besides model development and scientific discovery, Hyra can also be applied to open scenarios such as games, design, and content creation, continuously iterating its strategy based on self-play, self-evaluation, and user feedback.Samsung Electronics announced on Tuesday that it will establish a robotics division reporting directly to the CEO to accelerate research and commercialization in the field and develop robotics as a new growth engine. The division, named RX (Robotics eXperience), will oversee its medium- to long-term robotics strategy, core technology development, and business execution, while expanding its domestic and international research capabilities. In a statement, Samsung said Executive Vice President Lee Dongkun will lead the robotics strategy team. Lee Dongkun previously led Hyundai Motor Groups robotics strategy, including planning the development direction of Boston Dynamics. Samsung also stated that it plans to establish robotics research centers in countries with rapid robotics development, such as the United States, China, and Japan, leveraging local ecosystems and expertise to enhance its competitiveness.

Al Gore asserts that climate change action has reached a "tipping point"

Haiden Holmes

Sep 21, 2022 10:35

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Al Gore, a former vice president of the United States and co-founder of Generation Investment Management, stated in an interview with Reuters that the world has reached a "positive tipping point" in the fight against climate change as rising oil and gas prices prompt governments to decarbonize more rapidly.


His examples included the $430 billion Inflation Reduction Act, which is widely regarded as the largest climate package in U.S. history, and Australia's promise earlier this month to decrease carbon emissions by 43 percent by 2030 and to net zero by 2050.


Gore anticipated policy shifts on climate change from Brazil following an impending election and from China following the resumption of talks between President Joe Biden and Chinese Vice Premier Liu He at the November G20 summit in Indonesia.


The war in Ukraine, which Russia refers to as a "special military operation," has caused oil and gas prices to spike, he said, adding that he was concerned about the efforts of some nations to increase fossil fuel production in response.


Gore stated that there is no such thing as a clean fossil fuel, just as there is no such thing as a healthy cigarette. According to the authors, "we do not want to see investments in fossil fuel infrastructure that A will not alleviate the short-term crisis and B would guarantee decades of increasing emission levels."


He stated, "There is evidence nearly everywhere in the world" of the accelerating rate of change, and added that worsening weather events were also pushing the imperative to act.


Al Gore stated that heatwaves in China, floods in Pakistan, and drought in Europe are examples of how "Mother Nature has joined the climate discussion."


In both "An Inconvenient Truth" (2006) and "An Inconvenient Sequel" (2017), Al Gore, the former vice president of the United States, argues that the struggle against climate change is a moral one.


In 2007, he shared the Nobel Peace Prize for his efforts to address climate change while serving as the chairman of Generation Investment Management, a London-based firm that invests in sustainable public and private markets and conducts research.


He said that some governments are removing fossil fuel facilities with decades of remaining life due to the declining cost of renewable electricity, while others are considering banning the sale of fossil fuel-powered automobiles.


"When the technology provides three times as many jobs per invested dollar as investments in fossil fuels, a very good tipping point will be reached," he stated.


In its most recent annual sustainability trends report, published on Wednesday, Generation anticipated that annual investments in the clean economy would surpass $1 trillion over the next few years.


According to the research, while this is less than what is required to keep global warming at 1.5 degrees Celsius over the pre-industrial average, it is increasing "at a rapid rate."

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