Private Firms Fill Climate Data Gap, Raise Concerns

Private companies are stepping in to fill the gap left by reduced government spending on climate data, using advanced technology like AI to assess climate risks for businesses and investors. This shift is driven by surging demand for climate analytics due to escalating climate change and extreme weather. However, it raises questions about data accuracy and access, as many private companies rely on public data from government agencies. As U.S. government datasets potentially become less available, companies are looking to alternatives from other countries. The earth intelligence sector is experiencing rapid growth, with private firms attracting significant investment and predicted to account for more than half of global spending on data services soon.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.