Tech

The fires and resale realities of evolving EV market

Published

2 years ago

October 16, 2023

EVs face their fair share of challenges and concerns.

Concerns about battery fires in EVs have garnered significant attention from the media and the public. These fears have been fuelled by high-profile incidents, such as the car carrier fire off the Western Australia coast a few months ago and a car fire at Sydney airport in September. Media coverage has spiked, raising legitimate concerns about the safety of lithium-ion batteries commonly used in EVs.

Lithium-ion batteries, while compact and efficient, contain a vast amount of energy and undergo chemical-to-electrical energy conversions. However, faults or short circuits, often resulting from damage or excessive heat, can lead to a phenomenon known as thermal runaway. This can trigger a highly toxic, large-scale fire, challenging conventional extinguishing methods. Firefighters are now being trained to manage such incidents, and extensive research is being conducted to enhance safety measures.

Although EV fires are infrequent, their substantial coverage in the media has perpetuated a sense of fear and misinformation within the community. It is imperative to encourage a rational and data-driven approach to address these concerns, ensuring a balanced perspective on EV safety.

Moreover, apprehensions about battery longevity contribute to the skepticism surrounding used EVs. Buyers often hesitate to invest in used EVs, considering the battery’s health and performance over time.

To bolster the resale market for EVs, stakeholders in the industry are exploring potential solutions. One approach could involve policy adjustments, such as offering exemptions on Stamp Duty and three-year registration fees for purchasing used EVs. This could incentivise buyers and promote a thriving used EV market.

Tech

Claude AI is transforming software engineering and productivity

Anthropic’s Claude AI now manages coding tasks, boosting productivity by 50% as engineers shift to oversight roles.

Published

21 hours ago

February 9, 2026

Harvey Vargas

Anthropic’s Claude AI now manages coding tasks, boosting productivity by 50% as engineers shift to oversight roles.

Anthropic has confirmed that its AI, Claude, now handles almost all coding tasks at the company. Engineers are shifting from writing code to oversight and planning, marking a major change in how software development teams operate.

Users report a productivity boost of 50 percent since implementing Claude, highlighting the potential of AI to reshape workflows and day-to-day operations. The shift raises questions about the balance between human oversight and automated code generation.

The move has also affected markets, with shares of Indian IT services companies falling as investors assess the impact on traditional tech roles. Industry leaders stress that while AI can generate code, human input remains crucial for design, review, and strategic decision-making.

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Tech

OpenAI and Anthropic launch faster, smarter AI tools for enterprise coding

OpenAI and Anthropic launch advanced coding models, revolutionizing enterprise software development and intensifying the AI tooling competition.

Published

4 days ago

February 6, 2026

Harvey Vargas

OpenAI and Anthropic launch advanced coding models, revolutionising enterprise software development and intensifying the AI tooling competition.

OpenAI and Anthropic have unveiled powerful new AI coding models aimed at transforming enterprise software development. GPT-5.3 Codex operates 25% faster than its predecessor, tackling complex tasks and following real-time directions without losing context.

Claude Opus 4.6 introduces ‘agent teams’, allowing multiple AI agents to work on tasks simultaneously. The update also includes a one-million-token context window, enabling large volumes of text and code to be processed in a single prompt.

GitHub now supports multiple coding agents, letting developers compare AI approaches on the same problems. Both OpenAI and Anthropic are pushing for enterprise adoption, highlighting the potential for professional applications across industries.

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#AI #MachineLearning #TechNews #EnterpriseTech #OpenAI #Anthropic #SoftwareDevelopment #Coding

Tech

Nvidia and Amazon explore massive OpenAI funding round

Nvidia CEO downplays $100B OpenAI investment, as Amazon eyes $50B stake in AI startup

Published

1 week ago

February 2, 2026

Harvey Vargas

Nvidia CEO downplays $100B OpenAI investment, as Amazon eyes $50B stake in AI startup

In Short:
– OpenAI aims to raise up to $100 billion, with Amazon considering a $50 billion investment.
– Funding will support Project Stargate and address projected losses of $14 billion by 2026.

Nvidia’s CEO has confirmed the company will participate in a major funding round for OpenAI, though the previously mentioned $100 billion commitment is not final.

This investment comes as OpenAI seeks to raise up to $100 billion, potentially valuing the AI startup at around $830 billion. Amazon is also reportedly in discussions to contribute up to $50 billion.

The funding is intended to support OpenAI’s ambitious $500 billion Project Stargate, aimed at pushing the boundaries of artificial intelligence.

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