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...Christoph Schweizer told the Financial Times that AI and generative AI were “a huge boost” to revenues in the past year as companies move from experimenting with the technology to “at-scale deployment”....
...Kiss, the flamboyant US rock band, has sold the rights to its music as well as its name, image and likeness to Pophouse, the Swedish entertainment company founded by Abba’s Björn Ulvaeus....
...Thus the business of hot rocks already has a solid future. camilla.palladino@ft.com...
...This is an audio transcript of the FT News Briefing podcast episode: ‘Big tech continues to rock’ Marc FilippinoGood morning from the Financial Times....
...London market is a scapegoat for poor performance When a UK company’s share price goes south, simply blame the London market....
...In overturning his pay package, the court said Musk, who owns more than a fifth of the company, was too cosy with Tesla’s board and the value of the package was unfair to other shareholders....
...It’s the first of its kind to analyse heat layers in the earth’s subsurface and show how deep companies have to drill to reach prime rock temperatures (above 373.5 degrees Celsius)....
...Last year, the company began experimenting with a special by the comedian Chris Rock and it intends to stream a live exhibition tennis match between Rafael Nadal and Carlos Alcaraz in March....
...The government does, however, have some flexibility to act outside agreed budgets.The move also deepens uncertainty over controversial windfall taxes on banks and energy companies, which are in force for...
...on the company’s supervisory board, which oversees the executive board and appoints its members....
...Rock Rail’s Swindell said the deal marked the first time that the leasing model used to fund new trains in the UK had been used at scale in the bus sector....
...But to be fair, it wasn’t the world’s sharpest press release. If you’ve been under a rock, here’s the latest via the Borg: Lyft Inc....
...Denmark’s Stiesdal uses basalt volcanic rock. Charging involves heating the rocks up to about 600C. Heat is stored until needed....
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
...The filing requires developers to set up a local company or use a local publisher and host the back end of the app in China, said Bishop, who predicted that most companies would end up operating a second...
...for the company)....
...The outcome could have ramifications beyond the industry....
...the year, adding pressure to companies that need to refinance their debt in the next couple of years....
...Sales of higher-margin combustion engine vehicles help with cash flows while the legacy European companies invest in electric models. The question is how long the breathing space will last....
...It is a stretch to imagine that robotaxis can turn the company’s fortunes around this year. Musk presided over the company’s latest quarterly earnings call with a confusing message....
...Given its rock-bottom valuation, the company’s head start in AI could outweigh the obvious risks weighing on its valuation....
...Perhaps the mines themselves could become trophy assets for billionaires? Either way, the mass market for stones looks less than rock solid. alan.livsey@ft.com...
...In recent years, the company has sought to diversify through acquisitions. It bought personal finance company Credit Karma for $8.1bn in 2020 and email marketing provider MailChimp for $12bn in 2021....
...The company said it was “fully committed to further deleveraging” after its finance costs rose to £225mn, from about £185mn in 2022....
...“While we don’t like increasing fees, it’s one step we are taking to return our company back to profitability and cover the increased costs of transporting bags.”...
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