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...It is unclear how exactly the company would seek to integrate AI-powered search into these paid-for services, which offer different pricing tiers, or when the AI-powered search offering would be ready to...
...That has left the company rushing to raise more than £3bn in fresh capital by 2030, including £750mn by next year, to keep services running and improve its water and sewage infrastructure....
...Meanwhile, a political and public outcry has erupted over service quality and pollution. “Thames Water is a canary in a coal mine,” said one water company investor....
...From customer service chatbots to data migration and overhauling research and development in healthcare, Schweizer said BCG is helping companies use AI to cut costs and increase productivity....
...“We have begun preparations, we are doing the internal work and we have been for a long time running the business with the discipline of a public company,” he told the Financial Times in an interview....
...Thames Water has said it has enough cash to last until July next year....
...richard.waters@ft.com...
...restricts the ability of bondholders to seize assets if Thames Water is unable to service its debts....
...Thames Water paid around £1.1bn towards the cost of the tunnel for enabling works, while Tideway’s investors — which include Allianz, Dalmore Capital, Amber Infrastructure, and DIF, which sold its stake...
...The company has never been frozen in time....
...The company now says profits and cash flow are sufficiently formidable to support debt service and capital expenditure without the need to raise fresh cash....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work. To some extent, this reflects special pleading by the tech companies....
...Microsoft’s revenue in the quarter climbed 17 per cent to $61.9bn, driven by cloud computing sales and rampant demand for AI-related services on its Azure platform....
...The company, which provides water services to 15mn people in England, is now facing a messy debt restructuring or even the prospect of a temporary renationalisation under the government’s special administration...
...A third of Thames Water’s sewage monitors do not work properly, according to new analysis of Environment Agency data by the Liberal Democrats, compared to 15 per cent of monitors across the industry....
...Other companies are joining the spending spree on AI....
...What we’re seeing is a lot of pilot services that are coming through, with companies starting to test and trying to work out what they can do with this new generative AI....
...The American Institute of Certified Public Accountants on Tuesday dropped its opposition to calls to reduce the amount of university education needed to qualify as a CPA....
...It could work at Thames Water too / From Giles Keating, London W8, UK End Thames Water woes by creating customer-owned utility / From Richard Fletcher, London NW3, UK Time for a Thames tap water tsar /...
...Leverage is high at about 80 per cent in the utility, the debt held in the subsidiary company Thames Water Utilities Finance, within the regulatory ringfence....
...“We would encourage drinks companies to look not only within the factory fence to assess their water risks and impact, but to listen to and work with the communities where they’re based,” Holme advises....
...In a speech on Monday, the Bank of England’s Nat Benjamin reminded us that 2.2mn people in the UK work directly for private equity portfolio companies....
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