Grove Collaborative Holdings, Inc. shares rise 1.34% intraday after launching new open-source approach to measure AI's environmental impact.

Grove Collaborative Holdings, Inc. rose 1.34% in intraday trading, with the company announcing a new set of commitments to measure, mitigate, and report the environmental impact of artificial intelligence (AI) adoption in partnership with Gravity, the Company's existing carbon accounting platform. Grove aims to prove AI can be a force for good without ignoring its environmental cost by becoming the first retailer to measure their AI-related carbon footprint, disclose and mitigate their environmental impact, and issue an open-source measurement approach so that industry can simultaneously.