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An aerial view of wildfire of Tatkin Lake in British Columbia, Canada on July 10, 2023.

BC Wildfire Service | Anadolu Agency | Getty Images

Record high temperatures and a record fire season are hitting Canada at the same time this summer, leading to an unprecedented combination of heat, fire and dangerous smoke plumes.

“I can’t emphasize enough just how terrifying this moment is on our planet. With global temperature records breaking and fires and floods raging around the world, our house is truly on fire,” Kristina Dahl, principal climate scientist at the Union of Concerned Scientists, told CNBC.

Climate change, caused by greenhouse gas emissions, is making the planet hotter and also increasing the potency of the ingredients that are necessary for wildfires to burn. Even if humans stopped burning all fossil fuels today, the carbon dioxide already in the atmosphere is going to continue heating the planet for decades to come.

“If I had a magic wand and said, ‘no more greenhouse gases being produced from human activities as of now,’ we will continue to warm for 30 to 50 years,” explained Michael Flannigan, the research chair for predictive services, emergency management and fire science at Thompson Rivers University British Columbia.

That means what’s happening now is unprecedented, but it’s also a harbinger of what’s coming.

“This is the new reality, not the new normal, because we’re on a downward spiral,” Flannigan told CNBC.

Record-breaking wildfires with no end in sight

On June 27, Canada surpassed the record set in 1989 for total area burned in one season when it reached 7.6 million hectares, or 18.8 million acres, a communications officer for Natural Resources Canada, told CNBC.

The total has since increased to 9.3 million hectares, or 23 million acres, which is about the size of South Carolina. The average is around 2.2 million hectares, or 5.4 million acres, or about the size of Massachusetts.

“The current wildfire season in Canada has been astounding and record breaking,” Dahl told CNBC.

Soon, the total amount of land burned this year will hit the equivalent of Maine, Flannigan said.

“We’re used to getting fires in the West, or the East, or in the north, or the central — but not the whole country at the same time,” Flannigan told CNBC.

An aerial view of wildfire of Tatkin Lake in British Columbia, Canada on July 10, 2023.

BC Wildfire Service | Anadolu Agency | Getty Images

And the fire season is not even close to over. There are currently 908 active fires burning in Canada, and 576 of those are classified as “out of control,” according to data in a real time dashboard operate by the Canadian Interagency Forest Fire Centre as of 2:15pm EST on Thursday.

“I’m not sure where we’re going to end up with this because it keeps keeps on burning,” Flannigan told CNBC. “Some of these fires are huge. And they will burn all summer, all fall, and some of them will burn through winter. Underground they smolder and even though you can have snow on top, they keep burning underground. And then spring, the snow melts, stuff gets hot, dry and windy. They pop to the surface and start spreading again.”

Record heat turns vegetation into kindling

Earlier in July, the Earth recorded its hottest average day since records began — then repeated the feat three times in four days.

Temperatures in Canada are no exception. Earlier this year, Fort Good Hope, at about 66 degrees north latitude in the Northwest Territories, reached 37.4 degrees Celsius — more than 99 degrees Fahrenheit — setting a record for the warmest Canadian temperature at that latitude, according to the Canadian government. Subsequent readings in nearby communities were even hotter, according to news reports.

“We’re in uncharted waters here,” Dahl told CNBC.

“Since May we’ve seen a pattern of heat domes developing in parts of North America,” Dahl told CNBC. A heat dome is a weather event that occurs when the atmosphere traps hot air like a lid or a cap, as the National Oceanic and Atmospheric Administration describes it. “These zones of extreme heat tend to persist for long stretches of time — weeks in some cases. The heat dome that developed in May was linked to the development and spread of the fires in Alberta that kicked off the start of Canada’s record-breaking fire season.”

“I’ve never seen it start so early that far north,” Flannigan told CNBC. Before he started working in academia, Flannigan worked for the Canadian Forest Service for 30-plus years.

Hotter weather dries out vegetation, which serves as fuel for the wildfires.

“The warmer it gets, the atmosphere gets more efficient at sucking the moisture out of the fuels,” Flannigan told CNBC. “It’s not a linear increase, it’s almost exponential.”

Also, warmer temperatures lead to more lightning, Flannigan said. In Canada, about half of wildfires are started by lightning, but they are responsible for 80% to 90% of the land burned, since these areas tend to be remote and harder for firefighters to reach.

A future of more fire and smoke

Three key ingredients for a wildfire spread are fuel, ignition and weather, Sarah Burch, a climate change professor at the University of Waterloo and the executive director of the Waterloo Climate Institute, told CNBC.

“While wildfire is a natural feature of healthy ecosystems, climate change affects all three of the factors” that cause wildfires, Burch told CNBC. So, too, does land management. For example, the mountain pine beetle is killing trees and turning them into fuel for wildfires, Burch told CNBC. And long-duration droughts also make forests more flammable.

“This means that we expect fires to increase in frequency and intensity in the future,” Burch told CNBC.

People will have to learn to live alongside those wildfires.

Smoke from wildfires in Canada shrouds the Empire State Building on June 30, 2023 in New York City.

David Dee Delgado | Getty Images

“This is a common misconception of people that fire management can stop all fires all the time. Obviously, that’s not true,” Flannigan said.

If firefighters arrive when a fire is still small, they can put it out. But sometimes a fire can balloon into a high-intensity blaze in as little as 15 minutes. When a wildfire becomes a “crown fire,” meaning it jumps from tree top to tree top, “the horse has left the barn,” Flannigan told CNBC. “It’s too late. You’ve missed your window.”

Some fire mitigation techniques can work to slow the back end of a fire that’s already burning at full intensity, but when “that head is just racing across the landscape, you just have to get out of the way.”

This means more smoke from these wildfires traveling to other parts of the globe, too. Earlier in July, wildfire smoke from Canada blanketed much of the United States mid-west and Eastern seaboard.

There is no silver bullet to solving this problem, Flannigan says. Drones and artificial intelligence can help scientists track and monitor fire movement, but they are tools, not solutions. The only long-term solution is to reduce greenhouse gas emissions on a global scale to mitigate the effects of climate change.

“I think there’s still time if we get our act together as a global society to deal with this. And sometimes people need a bloody nose or two before we change our behavior. We can change. And I’m hoping that we’re getting the bloody noses and now we’ll actually do something about fossil fuels,” Flannigan said.

How cloud seeding can help alleviate drought

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Chinese EV maker Xpeng to launch robotaxis, humanoid robots with self-developed AI chips

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Chinese EV maker Xpeng to launch robotaxis, humanoid robots with self-developed AI chips

Chinese EV company Xpeng showed off its newest humanoid robot in Guangzhou on Nov. 5, 2025.

CNBC | Evelyn Cheng

Guangzhou, CHINA — Chinese electric car company Xpeng plans to launch robotaxis next year after previously claiming it wouldn’t be a real business in the near future and took the wraps off of its latest humanoid robot model.

Xpeng’s technology push mirrors one of its key rivals Tesla, as the Guangzhou, China-headquartered company looks to position itself as more than just an electric car firm.

The automaker announced on Wednesday as part of its “AI Day” that it is launching three robotaxi models. The vehicles will use four of Xpeng’s self-developed “Turing” AI chips. Xpeng claims the chips represent the combined highest in-car computing power in the world, at 3,000 TOPS, an industry measure.

The semiconductors power Xpeng’s “vision-language-action (VLA)” model, now in its second iteration. This type of AI models take into account inputs like visual cues that can help with applications like driverless cars or robotics.

Alibaba announced Wednesday that it is partnering with Xpeng on robotaxis through the e-commerce company’s digital mapping subsidiary AutoNavi and Amaps app, which also includes a ride-hailing portal.

The Xpeng robotaxi includes an external display of speed and other information on the vehicle’s sun visors.

Xpeng said it plans to start testing robotaxis in Guangzhou and other Chinese cities next year.

Co-president Brian Gu told CNBC last week that robotaxis will “ultimately be a global phenomenon” but that it would take time to get there, especially given regulation. Back in April 2024, he cautioned that self-driving taxis wouldn’t become a significant business for at least five years.

During a group interview with reporters on Wednesday, Gu addressed his change in tone from last year toward robotaxis.

“The tech is happening faster than we anticipated,” Gu said.

He noted that the AI developments and the significant increase in computing power “give us the confidence we are near the inflection point” for robotaxis.

Xpeng’s strategy for robotaxis is to make two categories of cars: one for commercial self-driving shared vehicles, and another for fully autonomous personal cars that may be only shared among family members.

AI has been transformative in robotaxi, smart car features: XPeng

Xpeng’s robotaxi announcements come as Chinese players such as Pony.ai, WeRide and Baidu have ramped up global expansion plans after rolling out self-driving taxis to the public in parts of China. Tesla this year launched its long-awaited robotaxi program in parts of Texas.

Humanoid robot

Similar to Tesla’s push into humanoid robots, Xpeng on Wednesday announced its own version, the second-generation Iron robot. The Chinese company plans to begin mass production of the robots next year.

During a presentation on Wednesday, CEO He Xiaopeng downplayed the likelihood that the humanoids will soon be usable in households, and said it was too costly to use them in factories given the low price of labor in China. Instead, he said the robots will first be used as tour guides, sales assistants and office building guides, beginning in Xpeng facilities.

He said that he doesn’t know how many robots Xpeng will sell in the next 10 years, but it will be more than the number of cars.

The humanoid robot uses three of Xpeng’s Turing AI chips and a solid-state battery, with plans for customization options for aspects of the product like body shape and hair style.

Xiaopeng He, CEO of Xpeng, showed off the company’s plan for robotaxis at an event in Guangzhou, China, on Nov. 5, 2025.

CNBC | Evelyn Cheng

Xpeng Co-President Gu said on Wednesday that the company has been developing some technology before Tesla but has not been as vocal in promoting it.

“What we are pursuing from a tech and product perspective, there are some similarities with Tesla…There are some areas that we probably started earlier than Tesla,” Gu said, referring to flying cars and humanoid robots.

Xpeng has developed a flying car product.

But Gu acknowledged that Tesla has done a better and more high-profile job at sharing its commercialization plans, which Xpeng has not done as much until today.

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Toyota raises yearly profit forecast despite an expected $9 billion hit from U.S. tariffs

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Toyota raises yearly profit forecast despite an expected  billion hit from U.S. tariffs

A sign with the Toyota logo in Surrey, England on August, 2023

Peter Dazeley | Getty Images News | Getty Images

Toyota Motor on Wednesday raised the operating profit forecast for its financial year ending in March, while flagging a 1.45 trillion yen hit from U.S. tariffs.

The company, which revised its operating profit outlook to 3.4 trillion yen from 3.2 trillion yen forecast earlier, missed profit estimates for the quarter ended September. 

“Despite the impact of U.S. tariffs, strong demand supported by the competitiveness of our products has led to increased sales volumes mainly in Japan and North America and has expanded value chain profits,” Toyota said in its earnings report.

Here are Toyota’s September quarter results compared with mean estimates from LSEG:

  • Revenue: 12.38 trillion yen (about $81 billion) vs. 12.18 trillion yen
  • Operating profit: 834 billion yen vs. 863.1 billion yen

The world’s largest carmaker by sales volume reported a nearly 28% quarterly drop in profit, year on year, while revenue increased over 8%. Net income reached 972.9 billion yen, up

Toyota released 6-month results — from April to September — and the quarterly numbers have been calculated by CNBC, based on company statement and LSEG data.

The decline in the September quarter’s operating profit represents the second straight drop since the U.S. introduced “reciprocal” tariffs in April. Tokyo in July clinched a trade deal with Washington, bringing down tariffs on its exports to the U.S. to 15% from the 25% initially proposed by President Donald Trump. The 15% duties took effect on Aug. 7.

The company flagged that tariffs remain the largest drag on Toyota’s profit in the U.S., while factors such exchange rate fluctuations and increased expenses hit earnings in Japan, .

A Toyota executive said in the earnings call that the company was “assessing challenges” and “making preparations” for a plan to ship made-in-U.S. vehicles to customers in Japan, as to align with a new investment framework between Tokyo and Washington.

They added that the plan may not be “economically rational,” but could make certain products more available to Japanese customers.

Tariffs bite

The impacts of U.S. tariffs have been sharply felt across Japan’s auto industry, with Japanese shipments of automobiles to the U.S. dropping 24.2% in September, though this was slightly less compared to the 28.4% drop in August.

While Toyota has extensive North American production, about one-fifth of its U.S. sales still depend on Japanese imports and tariff costs on those imports are being absorbed rather than passed through, according to Liz Lee, associate director at Counterpoint Research. 

“We’re expecting profitability to remain under pressure in [the current quarter] as tariff and currency headwinds persist, with gradual improvement likely from the [March quarter] onwards,” Lee told CNBC in a statement.  

“Profitability should recover modestly next fiscal year if trade costs stabilize and the yen weakens, though rising EV competition will continue to cap upside potential,” she added. 

Toyota has increasingly been leaning into electrified vehicles, which accounted for 46.9% of Toyota and Lexus vehicle sales in the first half of its fiscal year. These sales were primarily driven by hybrid electric vehicles in regions such as North America and China.

However, Toyota’s limited lineup of fully electric battery-powered vehicles could leave it more exposed to competition from Chinese EV players in Europe and Southeast Asia, Lee said.

Despite decreasing profits, Toyota has continued to show strong global demand. The company recently reported that vehicle sales, including its luxury brand Lexus, reached 5.3 million in the nine months to September, a 4.7% increase from a year earlier. In it’s earnings report, the company said it would continue to focus on increasing sales volume and cutting costs.

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Nvidia deepens India footprint with $2 billion deep tech alliance to mentor AI startups

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Nvidia deepens India footprint with  billion deep tech alliance to mentor AI startups

Co-founder and CEO of Nvidia Jensen Huang spoke to journalists during a trip to Beijing in July.

Picture Alliance | Picture Alliance | Getty Images

Nvidia will help train and mentor emerging deep tech startups in India as a founding member of a $2 billion investment alliance, deepening its presence in the world’s third-largest startup ecosystem.

The U.S. chipmaker has joined the India Deep Tech Alliance (IDTA) — a group of private equity and venture capital investors pledging $2 billion for deep tech investments — as a founding member. Deep tech startups are an umbrella term for emerging companies in semiconductors, space, AI, biotech, robotics, and energy.

The world’s most valuable company will offer technical talks and training through its Nvidia Deep Learning Institute to emerging startups in India.

Nvidia wants to “provide guidance on AI systems, developer enablement, and responsible deployment, and to collaborate with policymakers, investors, and entrepreneurs,” Vishal Dhupar, Nvidia’s managing director of South Asia, said.

Nvidia did not disclose any financial investment, timeline, or training targets, and did not immediately respond to a CNBC request for comment.

“Nvidia’s depth of expertise in AI systems, software, and ecosystem-building will benefit our network of investors and entrepreneurs,” said Sriram Viswanathan, founding executive council member of the IDTA.

He told CNBC that the pace of innovation is accelerating in India and there could be a “significant number of Indian deep tech companies of global repute” in the next five years.

The Indian government is also actively encouraging research and innovation in the deep tech space through major initiatives, including over 100 billion rupees ($1.1 billion USD) under its AI Mission and a separate 1 trillion rupees ($11.2 billion) Research, Development and Innovation Scheme Fund targeting deep tech companies.

On Monday, Indian Prime Minister Narendra Modi announced that the country will host the AI Impact Summit in February next year.

The event is likely to see the participation of heads of state and top policymakers, along with business leaders such as Jensen Huang, chief executive officer of NVIDIA, and Demis Hassabis, CEO of Google DeepMind.

Nvidia’s commitment in India coincides with rising global interest in India’s AI market, where OpenAI counts the country as its second-largest user base. U.S. rivals are also deepening ties: Google recently pledged $15 billion to build an AI hub in the southern city of Visakhapatnam.

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