August 30, 2024
Tech News
SGTech recently hosted its inaugural “CXO-In-Conversation” event, bringing together over 120 CXOs to address emission challenges in value chains ahead of the 2026 compliance deadline. The event focused on sustainability reporting, collaborative efforts between businesses and the government, and the launch of the SGTech Scope 3 Pledge, aiming to foster sustainable value chain ecosystems in Singapore.
Intuitive Machines secured a $116.9 million contract to send a moon lander to the lunar south pole in 2027, contributing to NASA’s Artemis program. The venture-backed startup aims to explore and establish a sustainable presence on the moon, marking a significant milestone in space exploration.
Naver, a South Korean tech giant, partnered with Chiliz to launch a crypto wallet, expanding its presence in the web3 market. This move integrates blockchain and web3 technologies into Naver’s products and services, aligning with the company’s digital transformation strategy.
Google announced plans to open its second data center in Latin America, investing over $850 million in Canelones, Uruguay. This expansion aims to boost technological development in the region, following the success of its first data center in Quilicura, Chile, with additional plans for a “hyperscale” data center in Vietnam by 2027.
Tech Explained
ESG Reports – ESG stands for Environmental, Social, and Governance reporting, which assesses a company’s performance in these areas to measure its sustainability and ethical impact.
Blockchain – Blockchain is a decentralized, distributed ledger technology that securely records transactions across multiple computers, ensuring transparency and security.
Web3 – Web3 is the vision of a decentralized internet, where users have more control over their data and interactions, enabled by blockchain and other technologies.
Data Center – A data center is a facility that houses computer systems and associated components, such as servers, storage, and networking equipment, for the purpose of storing, processing, and distributing data.
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