Business Highlights: New Warning on Airbag Explosive Airbags; More pickup for Tesla chargers



The company said it could not say for certain whether additional airbag pressures could explode and throw fragments.

DETROIT (AP) – The company that makes an airbag inflator that exploded in eight crashes that killed two people and injured seven has argued that it can’t say with certainty whether more such accidents will happen. In its response to the National Highway Traffic Safety Administration, ARC Automotive said that even meeting industry quality standards cannot completely eliminate rare failures in which airbag inflators can explode and spit. NHTSA has asked ARC to recall 67 million airbag inflators from at least ten automobiles. Neither ARC nor the auto industry has published a full list of models with airbag inflators.


Tesla’s technology inches closer to becoming an industry standard when Rivian joins the charging network

DETROIT (AP) – Electric vehicle maker Rivian says it will join Tesla’s charging network starting next year, following General Motors and Ford. The upstart truck, SUV and delivery van maker said Tuesday that it will include ports with a Tesla connector on future Rivian vehicles starting in 2025. The move is another domino as the auto industry considers switching to what Tesla calls the North American charging standard. Almost everyone except Tesla these days uses what’s called a CCS connector. Tesla has more direct fast charging plugs in the US than any other network, and the stations are in prime locations along freeway travel corridors.


Europe, they urged the US to explore the type of AI that powers systems like ChatGPT.

LONDON (AP) — European Union consumer protection groups have urged regulators to investigate artificial intelligence systems like ChatGPT for the risks they put people at risk. The Union’s basic AI rules require action before they take effect. In a concerted effort on Tuesday, 15 regulatory groups wrote to authorities warning of the various risks of generative artificial intelligence. The Atlantic Coalition of Consumer Groups has called on US President Joe Biden to take action to protect consumers from potential harm caused by generative AI. The European Union is finalizing the world’s first comprehensive AI rules, but they are not expected to come into effect for two years.


Charitable giving to fall for fourth time in 40 years in 2022: Giving USA report

NEW YORK (AP) – Philanthropic giving in the United States will decline in 2022 – only the fourth time in four decades that donations did not increase year-over-year – according to a Giving USA report released Tuesday. Total giving declined by 3.4% to $499.3 billion in 2022, a 10.5% decline when adjusted for inflation. The decline in giving is similar to that at many charities across the country like Community Aid in Park Slope, better known as CHIPS. Last year at this time CHIPS served 275 hot meals a day, these days it serves more than 400 meals. And sometimes, they simply ran out of food.


The end of Nigeria’s fuel subsidies has led to a switch to solar. Without a climate plan, development is at risk

ABUJA, Nigeria (AP) — Nigeria’s removal of a subsidy that helped lower fuel prices has raised costs for people already struggling with high inflation. But it could accelerate progress in reducing emissions in Africa’s largest economy. In a country where only half the population has access to grid electricity and power outages still exist, it is now too expensive to power fossil fuel backup generators. That’s increasing demand for small solar systems in homes and businesses. But the government hasn’t announced whether the money it’s saving from the subsidy will be used for sustainable investments or incentives to make solar more affordable and accessible.


Construction begins on a power line from Wyoming to California amid growing wind power threats

RAWLINS, Wyo. (AP) – Wyoming and federal officials will officially begin construction Tuesday on a massive transmission line project to send wind power from Wyoming to Southern California. The $3 billion Transwest Express project and the $5 billion Chocchery and Sierra Madre wind farm have been in the works for more than 15 years. After construction, the wind farm feeds electricity into the distribution system. A giant wind project is under construction in Wyoming, which has seen massive wind-powered construction — and the new farms are facing more opposition from local residents who worry about damage to their views and wildlife. Whether or not resistance develops may depend on the conditions for future development.


Gannett sued Google, Alphabet for claiming monopoly over digital advertising

Gannett is suing Google and its parent company, Alphabet, for illegally monopolizing the ad technology tools that publishers and advertisers use to buy and sell online ad space. USA Today’s publisher alleges that Google controls how publishers sell their ad space, forcing them to sell increasing amounts of ad space to Google at lower prices. This results in less revenue for publishers and Google’s ad technology rivals, and more money for Google. Gannett CEO Mike Reed said in an opinion piece published Tuesday by USA Today that the company “wants to restore fair competition in the digital advertising marketplace that Google has disrupted.”


Lebanon files a $1 billion lawsuit against Ghosn, the Nissan tycoon jailed in Japan.

BEIRUT (AP) — Lebanese authorities say their own government has filed a $1 billion lawsuit against Nissan and about a dozen individuals over the jailing of Carlos Ghosn in Japan and misinformation spread about him. Justice officials said Tuesday that Ghosn’s lawsuit accuses Nissan and its individuals of defaming him and “making allegations” against him, which ultimately landed him in jail in Japan. The lawsuit was filed last month. Ghosn was charged in Japan in November 2018 with breach of trust, misappropriation of company assets for personal gain and failure to fully disclose compensation in violation of securities laws. He has been leading Japanese automaker Nissan for two decades. He emigrated to Lebanon in 2019.


Biden will host a forum on artificial intelligence with tech leaders in San Francisco.

SAN FRANCISCO (AP) — President Joe Biden will gather tech leaders in San Francisco for a debate on artificial intelligence. The Biden administration wants to figure out how to manage the emerging field of AI while looking for ways to protect against potential threats and nurture its potential for economic growth and national security. The Democratic president plans to meet with eight experts from academic and advocacy groups on Tuesday. White House Chief of Staff Jeff Zientes’ office is preparing the federal government’s next steps regarding AI in the coming weeks. The Biden administration wants commitments from private companies to address the risks posed by AI.


The S&P 500 fell 20.88 points, or 0.5%, to 4,388.71. The Dow Jones industrial average fell 245.25 points, or 0.7%, to 34,053.87. The Nasdaq composite fell 22.28 points, or 0.2%, to 13,667.29. The Russell 2000 index of smaller companies fell 8.77 points, or 0.5%, to 1,866.70.


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