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Amazon To Test AI-Created Material For Carbon Capture In Data Centers

Amazon is stepping up its environmental efforts by testing a groundbreaking carbon-removal material for its data centers. The company, which is tackling the growing emissions linked to the artificial intelligence systems powering these centers, has partnered with Orbital Materials, a startup that used AI to design the innovative substance.

Jonathan Godwin, CEO of Orbital Materials, explained that the new material acts like an atomic-level sponge, with cavities precisely sized to capture CO2 without interacting with other elements. This targeted approach could be a game-changer in carbon filtration.

One of the appealing aspects of the new material is its cost-effectiveness. Godwin estimates that the material could account for just 10% of the cost associated with renting a GPU chip for AI training, significantly less than the price of traditional carbon offsets.

Meanwhile, the demand for energy in data centers is rising, as AI’s rapid development requires more power and cooling solutions. This surge poses a challenge for Amazon, which is committed to achieving net-zero carbon emissions by 2040.

Amazon Web Services (AWS), the world’s largest cloud provider by revenue, plans to begin piloting the AI-designed carbon removal material in one of its data centers starting in 2025. This initiative is part of a three-year collaboration with Orbital, which will also gain access to AWS’s technology and open-source AI tools for further development.

Howard Gefen, General Manager of AWS Energy & Utilities, stated that the partnership would promote sustainable innovation, but financial details remain undisclosed. Orbital, with offices in Princeton, New Jersey, and London, began its journey about a year ago by setting up a lab to synthesize AI-designed materials. The startup aims to work with AWS to test additional AI-generated solutions, addressing water usage and cooling requirements in data centers. Godwin co-founded Orbital, which currently employs 20 people and is supported by investors such as Radical Ventures and Nvidia’s venture arm. Before this, Godwin contributed to materials science work at Alphabet’s DeepMind until 2022.

European Bank Executives Earn Up To €2.2M As Pay Rises Across Cyprus And Greece

The landscape of executive compensation in European banking is undergoing significant scrutiny, particularly as Cyprus and Greece reveal competitive salary packages that rival those in larger, more competitive markets across the continent.

Executive Compensation In Cyprus And Greece

According to data from the European Banking Authority, two bankers in Cyprus earned over €1.5 million in 2024. The Cypriot banking sector, dominated by Bank of Cyprus and Eurobank Ltd (with Alpha Bank Cyprus in a close third), reported an average total compensation of €1,610,716 per executive. In Greece, 25 banking executives receive annual remunerations exceeding €1 million, with an average total compensation per executive of €1,675,905. Investment banking roles in Greece similarly reflect robust pay scales, with six executives earning an average of €1,562,160.

Comparative European Analysis

Across other major European financial systems, the compensation figures remain equally compelling. Data reveals that:

  • Germany employs 553 high-earning banking executives across both credit institutions and investment firms, with an average compensation of €1,748,819.
  • In France, 561 executives receive an average total remuneration of €1,810,772.
  • Italy’s 462 high-earning executives average €1,780,428 in annual pay.
  • Spain reports 251 banking executives with salaries above the million-euro mark and an elevated average of €2,195,830.
  • Luxembourg and the Netherlands host a smaller group of highly paid professionals, with Luxembourg’s 42 executives earning an average of €1,493,378 and the Netherlands’ 58 executives averaging €1,517,781.

Profitability Driving Compensation

Higher executive pay is closely linked to strong profitability across the sector. According to the European Banking Authority, key drivers include increased net interest income, favorable rate conditions, rising merger and acquisition activity, and intensified competition for senior talent.

Gender Imbalance And Compensation Structures

Despite rising pay levels, gender disparities remain pronounced. Men account for 89.1% of high-earning roles in credit institutions and 96.9% in investment firms. Compensation structures are also shifting, with variable pay reaching 98% of fixed compensation in credit institutions and 359% in investment firms. Regulatory caps on bonuses no longer apply to investment companies following changes introduced in 2021.

Conclusion

Compensation trends reflect strong sector performance but also highlight structural challenges. Addressing gender imbalance and refining pay structures will remain key considerations as European banks compete for talent and adapt to evolving market conditions.

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