It was another head-spinning week in the world of artificial intelligence. San Francisco-based OpenAI unveiled an updated model that translates languages in real time and tutors children in algebra. A day later, Google boss Sundar Pichai hired a 22,000-seat concert venue in Mountain View to reveal two hours of advances of a technology that he…
Plans to introduce regional energy pricing risks heightening uncertainty and pushing up financing costs for the developers of renewable projects, industry experts have warned. The government has put forward proposals that would increase the cost of energy in parts of the country where demand is greatest and reduce prices where there is ample supply, such…
Centrica came away with one of the worst blue-chip performances of the day as holders of the British Gas owner were advised to lock in profits after recent strong gains. Shares in the company, which have more than doubled in value over the past 12 months, have been buoyed by the spike in energy prices,…
Shell has reported better-than-expected profits for the first three months of the year, having benefited from a stronger performance in oil trading and a recovery in refining margins. Europe’s biggest oil and gas company reported adjusted earnings of $7.7 billion during the first three months of the year, down from a profit of $9.7 billion…
Peter Jackson is clearly a glass half-full kind of chap. While most chief executives would regard acquiring two businesses worth a combined £3 billion at the same time as a little reckless, the Flutter Entertainment boss has no such qualms. On Wednesday morning, just as Times readers were learning about his plans to buy Brazil’s…
Administrators for the collapsed battery factory project Britishvolt have said they are still chasing money from the Australian buyer of the site and are considering other potential deals. Recharge Industries is still “in default” a year after it agreed to buy the site in Cambois, Northumberland, where Britishvolt had previously said it wanted to build…