business
Octopus Energy to Spin Off AI Arm Kraken at $8.65 Billion Valuation
The British renewable-energy startup raised $1 billion in its first stand-alone funding round for the artificial-intelligence platform. Source link
U.S. Crude Oil Stockpiles Rose in Week Ended Dec. 19
U.S. crude oil inventories rose by 400,000 in the week ended Dec. 19. Analysts had predicted stockpiles would fall by 2.6 million barrels. Source link
Opinion | Lou Gerstner, the Man Who Revived IBM
He changed the culture and found a new business mission for the storied company that had fallen on hard times.He died Saturday at age 83. Source link
The Case of the $400,000 Massachusetts Lobster Heist
Crustaceans bound for Costco were stolen in a phishing and impersonation scam, a logistics company says. Source link
Five Things to Know About Nvidia’s $20 Billion Licensing Deal
The chipmaker’s AI-inference agreement with startup Groq indicates growing competition for top talent and technology. Source link
Louis Gerstner Jr., Former CEO Who Transformed IBM, Dies at 83
The company looked to be in an unfixable decline when he took over in 1993—and changed its focus from hardware to services. Source link
Juliane Gallina Left the CIA for Venture Capital. Here Is Her Approach to Startup Investing.
Venture-capital firms have sought a leg up in the hot defense tech sector by bolstering connections with military and intelligence agencies. For one firm, that meant hiring directly from the Central Intelligence Agency. Source link
The Age of Nuclear-Powered Commercial Ships May Be Getting Closer
Here are answers to questions about these ships, including why the shipping industry wants them, and the challenges they face Source link
SoftBank Group to Buy Data Center Investment Firm DigitalBridge for $4 Billion
The $4 billion deal is part of the Japanese conglomerate’s strategy to take advantage of an AI-driven boom in digital infrastructure. Source link
Listen to This: Some Audiobooks Are Outselling Hardcovers
Audiobooks remain a bright spot in publishing though the pace of growth has slowed. Source link