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Major Cluster Of Data Centers Inhabit Northern Virginia
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Amazon may have emitted as much CO2 as Mozambique in 2022 — but you wouldn’t know it

The widespread use of “unbundled renewable energy credits” by tech companies may obscure actual carbon emissions.

Jon Keegan

Amazon recently boasted that it now runs on 100% renewable energy, and it reached this goal seven years ahead of schedule. Meta claims it has reached “net zero emissions” and is “supported” by 100% renewable energy. Microsoft aims to be “carbon negative” and “water positive” by 2030.

But if you think that means windmills and solar panels are popping up outside of the power-hungry data centers powering the AI computing boom, you’re mistaken.

Amazon, Meta and Microsoft rely upon “unbundled renewable energy credits” to obscure the companies’ true carbon footprints, according to a detailed analysis from Bloomberg.

Experts say these credits don’t directly represent reduced emissions in the atmosphere, and according to the Bloomberg report, if the credits were excluded from their accounting, “Amazon could be forced to admit that its 2022 emissions are 8.5 million metric tons of CO2 higher than reported—that’s three times what the company disclosed and matches Mozambique’s annual impact.”

Excluding Microsoft’s reported 288,000 tons of carbon emissions for 2023 could actually be 3.3 million tons higher, according to Bloomberg’s analysis.

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Meta projected 10% of 2024 revenue came from scams and banned goods, Reuters reports

Meta has been making billions of dollars per year from scam ads and sales of banned goods, according internal Meta documents seen by Reuters.

The new report quantifies the scale of fraud taking place on Meta’s platforms, and how much the company profited from them.

Per the report, Meta internal projections from late last year said that 10% of the company’s total 2024 revenue would come from scammy ads and sales of banned goods — which works out to $16 billion.

Discussions within Meta acknowledged the steep fines likely to be levied against the company for not stopping the fraudulent behavior on its platforms, and the company prioritized enforcement in regions where the penalties would be steepest, the reporting found. The cost of lost revenue from clamping down on the scams was weighed against the cost of fines from regulators.

The documents reportedly show that Meta did aim to significantly reduce the fraudulent behavior, but cuts to its moderation team left the vast majority of user-reported violations to be ignored or rejected.

Meta spokesperson Andy Stone told Reuters the documents were a “selective view” of internal enforcement:

“We aggressively fight fraud and scams because people on our platforms don’t want this content, legitimate advertisers don’t want it, and we don’t want it either.”

Per the report, Meta internal projections from late last year said that 10% of the company’s total 2024 revenue would come from scammy ads and sales of banned goods — which works out to $16 billion.

Discussions within Meta acknowledged the steep fines likely to be levied against the company for not stopping the fraudulent behavior on its platforms, and the company prioritized enforcement in regions where the penalties would be steepest, the reporting found. The cost of lost revenue from clamping down on the scams was weighed against the cost of fines from regulators.

The documents reportedly show that Meta did aim to significantly reduce the fraudulent behavior, but cuts to its moderation team left the vast majority of user-reported violations to be ignored or rejected.

Meta spokesperson Andy Stone told Reuters the documents were a “selective view” of internal enforcement:

“We aggressively fight fraud and scams because people on our platforms don’t want this content, legitimate advertisers don’t want it, and we don’t want it either.”

$350B

Google wants to invest even more money into Anthropic, with the search giant in talks for a new funding round that could value the AI startup at $350 billion, Business Insider reports. That’s about double its valuation from two months ago, but still shy of competitor OpenAI’s $500 billion valuation.

Citing sources familiar with the matter, Business Insider said the new deal “could also take the form of a strategic investment where Google provides additional cloud computing services to Anthropic, a convertible note, or a priced funding round early next year.”

In October, Google, which has a 14% stake in Anthropic, announced that it had inked a deal worth “tens of billions” for Anthropic to access Google’s AI compute to train and serve its Claude model.

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