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Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

1

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

2

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

3

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
IKEA

IKEA is going green in a very big way

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Michal Addady
Michal Addady
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By
Michal Addady
Michal Addady
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August 10, 2015, 1:09 PM ET
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A picture taken on March 27, 2013 shows the sign of Swedish furniture giant Ikea at the Odysseum shopping mall, in Montpellier, southern France.Photograph by Pascal Guyot — AFP/Getty Images
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IKEA has announced it will be the first major U.S. retailer to carry only LED lightbulbs when it makes the switch next month.

Steve Howard, IKEA’s Chief Sustainability Officer, explained the company’s motivation behind the LED shift:

LED is a light revolution. With household electricity bills continuing to rise rapidly and global energy consumption increasing, the LED lighting will have a big impact. Building on our belief that everyone should be able to afford to live more sustainably at home, we will make sure our LED prices are affordable for the many.

IKEA U.S. says its customers have bought 7.6 million LED bulbs since 2013, allowing them to collectively save billions of dollars in energy costs.

The company conducted two studies, one in 2012 and one in 2015, that showed Americans have become more open-minded when it comes to purchasing LED lighting. The studies found that 49% of Americans bought at least one LED bulb in 2012, while 64% bought at least one three years later.

 

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