Tag Archives: norway

Norway Implements New Minimum Age Requirement of 15 for Social Media to Safeguard Children

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Norway has set a strict minimum age limit of 15 for social media in its efforts to combat tech companies that are deemed harmful to young children’s mental development.

Prime Minister Jonas Gare Stoer of Norway acknowledged the challenges ahead in this battle but emphasized the need for politicians to intervene to shield children from the influence of algorithms.

The utilization of social media platforms by the industry has been criticized for potentially causing users to become fixated and unstable.

Despite Scandinavian countries already having a minimum age limit of 13, a significant percentage of younger children still access social media, as highlighted by a survey by the Norwegian Media Authority.

The government has pledged to implement additional safeguards to prevent children from bypassing age restrictions, including revisions to personal data laws mandating a minimum age of 15 for consenting to personal data processing on social media platforms and the development of age verification barriers.

Emphasizing the need for protection of children from harmful content on social media, the prime minister spoke of the powerful impact that tech companies can have on young minds. He acknowledged the formidable challenge ahead but stressed the essential role of politics in addressing this issue.

While recognizing the potential benefits of social media in fostering community for isolated children, he cautioned against excessive reliance on algorithms for self-expression, citing the risk of becoming overly focused and detached.

Minister for Children and Families Gjersti Toppe engaged with parents in Stavanger to advocate for stricter online regulations for children as a means of supporting parental decisions in safeguarding their children’s online activities.

The government is exploring methods to enforce restrictions without infringing on human rights, such as potentially requiring bank account information.

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Australia has also proposed a social media ban for teenagers and children, with the age limit likely to fall between 14 to 16 years old.

France is currently testing a ban on mobile phone usage in schools for students up to 15 years old, with plans for potential nationwide implementation from January pending the trial’s success.

Source: www.theguardian.com

Europe’s largest rare earth metal deposit discovered in Norway

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Rare Earths Norway, a mining company, has made a groundbreaking announcement of discovering Europe’s largest proven deposit. This discovery of rare earth elements is highly regarded and could potentially be a game-changer for the Nordic countries and the broader region.

This continental Europe’s largest rare earth deposit, not controlled by China, presents a significant opportunity for Europe amid its oil crisis. The demand for rare earths and critical minerals is expected to grow exponentially as the transition to clean energy accelerates.

Rare Earths Norway revealed in a statement on June 6 that the Fen carbonatite deposit in southeastern India has an estimated 8.8 million tonnes of total rare earth oxides (TREO) with economically mineable prospects. The company also estimates 1.5 million tonnes of magnet-related rare earth elements that can be used in electric vehicles and wind turbines.

This discovery surpasses a significant rare earth deposit discovered last year in Sweden. Rare Earths Norway CEO Alf Rystad emphasized the importance of this discovery, stating that there is currently no mining of rare earth elements in Europe.

Going forward, Rare Earths Norway aims to contribute to mining at least 10% of the EU’s annual demand for rare earth elements by 2030. The company also plans to develop the Telemark rare earth deposit southwest of Oslo to strengthen Norway’s position in the European rare earths value chain.

The International Energy Agency highlighted the shortage of current supplies needed to transform the energy sector due to the geographic concentration of many energy transition elements. China, the world’s largest rare earth ore processor, plays a significant role in supplying rare earth elements worldwide.

Rare Earths Norway intends to continue exploration work at the site with further drilling planned for the coming month. The company aims to begin production by 2030 to contribute to Europe’s rare earth supply and reduce dependence on Chinese sources.

In a recent interview, Alf Rystad remarked that while the discovered resources are valuable, they won’t increase in value compared to oil and gas. He mentioned European Commission President Ursula von der Leyen’s belief that lithium and rare earth elements will become more important than traditional fossil fuels in the future.

Source: www.nbcnews.com

The Rise of Norway as an Electric Car Leader: Exploring Oil Money, Civil Disobedience, and a-ha’s Molten

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Kneeling in the snow outside the King’s house with a man named Harald and an electric car, imitating a heartthrob from the 1980s is quite an unconventional situation that definitely needs some explanation.

The King of Norway is also named Harald, but the man with me outside the monarch’s mansion in Stavanger is not a king. I’m here to explore Norway’s prominence in adopting electric cars as a solution to combat CO2 emissions from transportation. Norway has emerged as a global leader in this field with a significant percentage of electric cars being sold in recent years.

On the other hand, the UK has extended its ban on new petrol and diesel cars, while the situation in the EU regarding electric car sales remains below par. Stavanger, Norway’s third-largest city, stands out as an oil hub that has made significant strides towards zero-emission transport through initiatives like electric buses and vehicles.

The man accompanying me, Harald Nils Rostvik, an architect and urban planning professor, has been a driving force behind Norway’s electric vehicle revolution for decades. His pioneering efforts date back to the introduction of one of Norway’s first electric cars in 1989, marking the beginning of a journey towards sustainable transportation.

IIn 1983, former Norwegian Prime Minister Gro Harlem Brundtland spearheaded the Brundtland Commission, which laid the foundation for sustainable development and environmental awareness. Rostvik’s advocacy for electric vehicles and civil disobedience campaigns with environmental activists like Morten Halkett and Mags Furholmen, members of the iconic pop group a-ha, reshaped the narrative around electric cars in Norway.

Their efforts, including importing one of the country’s first electric cars, paved the way for a shift towards greener transportation methods. Despite facing challenges and fines for their activism, their perseverance and innovative spirit contributed to Norway’s evolving landscape of electric mobility.

(from left) Morten Halkett, Harald Nils Rostvik, Frederik Hauge, Mags Furholmen.

The legacy of their early advocacy continues to shape Norway’s EV landscape, with ambitious goals of achieving 100% electric car sales by next year. The collaborative efforts of individuals like Rostvik and prominent figures like Halkett have been instrumental in driving Norway towards a sustainable future of zero-emission transport.

Source: www.theguardian.com

Akron Energy secures $110 million investment to expand Bitcoin mining operations and launch AI cloud services in Norway

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Akron Energy data center infrastructure company has closed a $110 million private funding round to expand its business, CEO Josh Payne exclusively tells TechCrunch.

The round was led by Bluesky Capital Management with participation from Kestrel 0x1, Nural Capital, and Florence Capital.

The company was founded in 2021 and started with a 5-megawatt site in Australia. Since then, its output has grown to over 130 MW, and it has expanded to other countries and regions such as the United States and Europe.

“These sites are attractive to both Bitcoin miners and AI.” [or] It’s a machine learning client that requires very high-powered computing,” Payne said. By the way, statistics show that 1 megawatt can power 400 to 900 homes per year. Nuclear Regulatory Commission.

Approximately $80 million will be used to acquire an additional 200 megawatts of capacity across new data centers in Ohio, North Carolina, and Texas as part of the company’s plan to increase its total megawatt capacity by 130% by mid-2024. be exposed. This is in addition to an existing 100-megawatt facility in Ohio that Akron purchased in June, Payne noted.

“The United States is an attractive market for us in many ways, primarily due to huge domestic customer demand, a mature and robust energy industry with multiple flexible deregulated markets, and a strong political and・Regulatory stability and attractiveness to institutional investors,” Payne said. “The United States has a wealth of underutilized and stranded generation assets that are connected to some of the lowest-cost power sources in the world, many of which are renewable.”

Payne said the majority of the company’s U.S. data center portfolio is made up of institutional-grade Bitcoin mining companies. “We are essentially landlords who own the underlying infrastructure assets.”

Akron’s business model is focused on strategically acquiring distressed data center assets around the world. “The current and future demand for data center capacity of all types seen around the world, especially in the United States, is unprecedented and huge. We have energy-intensive platforms that require significant amounts of electrical infrastructure.”

The remaining $30 million will be used to develop an artificial intelligence cloud services project at Akron’s data center in Norway to help serve the generative AI and large-scale language model training markets. “Over the past year, we have seen a significant acceleration in market demand for generative AI and large-scale learning model applications,” he said.

However, there is a lack of specialized physical infrastructure to power computers and support most of these products. Akron aims to fill that gap by providing the underlying infrastructure layer that the AI ​​sector relies on.

Over the past year, with spot ETF approval looming, on top of Bitcoin’s potential growth and adoption in the mainstream institutional market, there has been a “meteorous rise in AI applications,” such as Akron’s Specialized data centers are “poised to continue to grow exponentially,” Payne said.

Source: techcrunch.com