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Plan for electricity costs based on region dropped

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Plans to set people’s electricity bills based on where they live have been dropped by the government.

Energy Secretary Ed Miliband said in April the government was considering zonal pricing, but on Thursday it said it would reform the current national pricing system instead.

Zonal pricing supporters say it can lower bills in areas generating more energy, such as Scotland, though some energy firms say it could have scared off investment.

Energy UK, which represents the industry, welcomed the government’s decision while the Conservatives called Miliband’s promise of lower electricity bills “a fantasy”.

The current electricity pricing system means everyone in the country pays the same flat rate at all times regardless of where they live, but critics argue the price is calculated based on the most expensive electricity generated in the country at any given moment.

Greg Jackson, founder and chief executive of Octopus Energy, told the BBC that zonal pricing works in countries such as Australia, Sweden, and Italy and calculates it could “reduce bills by around £100 a year for most households”.

Supporters also say zonal pricing could have encouraged energy hungry industries to locate closer to the sources of energy, such as Scotland where supply exceeds demand, and away from densely populated cities.

However, energy provider SSE said zonal pricing “would have added risk” to the system, arguing that national pricing creates “a stable and investable environment”.

Firms had warned the government that a major overhaul of the electricity pricing would have deterred bidders for the upcoming auction of renewable projects later this year.

SSE welcomed the “much-needed policy clarity” from the government’s announcement, but Kate Mulvany, principal consultant at Cornwall Insight, said “clarity is not the same as resolution”.

“This move will not solve the deep-rooted issues in Great Britain’s electricity market, and it must not be used as an excuse to continue business as usual,” she added.

The decision to stick with a national pricing comes after a three year consultation. In April, Miliband the BBC that pricing reform was “an an incredibly complex question”.

“There are two options, zonal pricing and reformed national pricing,” he said at the time.

“Whatever route we go down my bottom line is bills have got to fall, and they should fall throughout the country.”



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AI cloud surge: Oracle’s Nvidia moment? What to know about Larry Ellison co-founded firm’s sudden rise

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What to know about Larry Ellison co-founded firm’s sudden rise

On Wednesday, Oracle stunned Wall Street when its shares surged 36% in a single day, the company’s biggest one-day gain since 1992. The rise followed its announcement of a series of multibillion-dollar deals in artificial intelligence (AI) cloud infrastructure, including a landmark agreement with OpenAI. The rally was so dramatic that Oracle co-founder Larry Ellison briefly overtook Elon Musk as the world’s richest person before market corrections set in.The $300 billion OpenAI deal and moreAt the centre of the surge is Oracle’s $300 billion, five-year agreement with OpenAI, one of the largest cloud computing contracts ever signed. The company will provide computing resources and infrastructure to power OpenAI’s advanced models. Oracle has also struck deals with Nvidia, SoftBank, Meta, and xAI, signalling its transformation into a core provider of AI infrastructure.Backlog signals long-term growthCEO Safra Catz revealed that Oracle’s backlog of finalised contracts has reached $455 billion, four times higher than last year, and is expected to cross $500 billion soon. This backlog offers investors confidence in sustained long-term revenue, even as quarterly results sometimes fall short of projections, as reported by ET.Competing with cloud giantsOracle’s position in AI cloud computing now puts it in direct competition with Amazon Web Services and Microsoft Azure. The company expects revenue from its cloud infrastructure business to rise 77% to $18 billion this year, and reach $144 billion within four years, according to news agency AP.The billionaire shuffleThe surge in Oracle’s stock briefly added around $100 billion to Ellison’s wealth, pushing him past Elon Musk in Bloomberg’s billionaire rankings. Musk, whose fortune is closely tied to Tesla, regained the top spot later in the day. But as AP noted, the episode highlighted how AI-driven optimism is reshaping wealth dynamics among tech leaders.Why it matters for AIOracle’s resurgence positions it as a critical enabler of global AI adoption. By providing high-performance, reliable cloud infrastructure, the company is not just fuelling chatbot development but also supporting applications in robotics, pharmaceuticals, finance, and automation. Or as Ellison himself summed it up during an earnings call: “AI changes everything.”





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Google’s Gemini Nano Banana AI goes viral, generating 3D Figurines

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Nano Banana, the latest image-generating tool of Google’s AI chatbot Gemini, has taken the internet by storm with “gemini nano banana ai 3d figurines” trending on Google.

So, how to use Gemini Nano Banana? Users only have to give simple prompts to Google Gemini to generate realistic figurines of the image uploaded with the prompt. The generated figurine not only looks realistic but can also be put in a setting of the user’s choice.

Steps for using Gemini Nano Banana

First, the user has to open Google Gemini on his or her mobile or computer and log in with their credentials.

Then, the user has to upload an image of their choice that they want to convert into a figurine. However, the image should be clear so the AI can detect it properly. Once the image is uploaded, the user can give a prompt to generate the figurine of his or her choice.

Also Read: OpenAI vs Grok vs Gemini in world’s first AI chess tournament: Guess who won?

How to prompt Gemini Nano Banana

A suitable and easy prompt for the purpose has been shared by Google Gemini on its official X handle. “Create a 1/7 scale commercialised figurine of the characters in the picture, in a realistic style, in a real environment. The figurine is placed on a computer desk,” stated the prompt.

“The figurine has a round transparent acrylic base, with no text on the base. The content on the computer screen is a 3D modelling process of this figurine. Next to the computer screen is a toy packaging box, designed in a style reminiscent of high-quality collectable figures, printed with original artwork. The packaging features two-dimensional flat illustrations,” it added.

Also Read: Eight free AI tools to create Studio Ghibli-style images easily

Other features of Nano Banana

Apart from generating images, Nano Banana can also be used for adding or removing elements in a picture. It can be done with this simple saying: “Using the provided image, please [add/remove/modify] [element] to/from the scene. Ensure the change is [description of how the change should integrate],” reported the Hindustan Times.

Users can also combine multiple images and create a new one. All the user has to do is use this prompt: “Create a new image by combining the elements from the provided images. Take the [element from image 1] and place it with/on the [element from image 2]. The final image should be a [description of the final scene].”





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What’s ‘decision-making AI’ and how is it transforming SMEs?

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Their findings show many business leaders don’t yet understand how AI can transform the performance of their organisation. The key lies in decision-making AI, or ‘decision intelligence’ – but what does that actually mean?

According to YouGov’s findings published in August 2025, whilst 31% of SME leaders are already using AI-powered tools – and another 15% plan to – just 19% are using AI for decision-making within their business. Strikingly, YouGov’s press release about the new figures took a surprised tone at the concept of using AI to support decision-making, “given the technology’s well-known tendency to occasionally hallucinate answers”. 

That sentence highlights a lack of understanding on the part of the author, which perhaps reflects some wider misunderstandings and assumptions. When it comes to business, what do we mean by AI? And are we missing a trick if we’re confined to thinking of it as ChatGPT or Microsoft Copilot and not applying AI at a higher level to help make important business decisions?

Misunderstandings and mixed messages

Confusion often lies in the broad brush with which ‘AI’ is painted. The term can encompass use cases as disparate as recipe suggestions and predictive analytics engines. This blurs the distinction between novelty and necessity, between compute-intensive curiosity and transformational business decision support.

The YouGov data highlights that only 29% of SMEs have any form of in-house AI expertise; others are turning to external suppliers or remaining cautious. That gap in understanding is fertile ground for misconceptions around reliability, risk, and return.

I see the solution as twofold: firstly, with the need for education. Business leaders, particularly within SMEs and the mid-market, need better support from the public and private sector to understand how AI can substantially boost their company’s performance – that AI isn’t some magic wand but a disciplined data-driven support tool. 

Secondly, with tailored delivery. AI is most effective when it’s applied within a system that’s bespoke to each firm’s data, culture, and decision-making habits – not when it’s seen as a ready-made tool to be bought off the shelf.

Decision intelligence

While generative AI and agentic AI help streamline desk-based tasks and automate customer service, the true potential of AI is unlocked with ‘decision intelligence’. For most SMEs, this decision-making AI is what will really boost the bottom line.

Decision intelligence involves bringing an organisation’s data together, then using custom machine-learning models that directly answer the questions business leaders ask: “What’s happening in my business?”, “Why is it happening?”, and “What should I do next?”. I describe it as allowing you to look around corners and look into corners.

These AI tools help businesses deliver tangible outcomes in weeks, not years, drawing on data from multiple sources such as Marketing, Sales, Finance, HR, and Operations, to deliver actionable and accountable intelligence.

Take Irish retail chain Petstop as an example. Using Galvia’s AI-powered platform, they created a single, connected view of their data, breaking down internal silos and enabling faster, smarter decisions across every level of the organisation. With intelligent prompts, real-time predictions, and clear insights, their teams began acting with greater confidence and agility, from the head office to the shop floor. As the founder and CEO told me, “it was like turning on the lights.”

Early results have included their best online sales performance outside the holiday period, recovering a 2.5% revenue dip without spending on ads, and launching customer campaigns that prioritised retention over acquisition, delivering far stronger ROI.

A call for intelligent adoption

SMEs are still in the early stages of AI adoption. I often hear leaders say they can see the potential of AI but don’t know which problem to solve first. 

My advice: start with one dataset, one decision or one challenge. Often, the most powerful starting point is to unlock value from what you already have. The risk is that, in trying to do everything, you end up doing nothing.

Encouragingly, there are now more structured ways for leaders to build their confidence in AI. Initiatives such as dedicated AI Adoption accelerator programmes give business directors a chance to understand the fundamentals, explore the potential in their own data, and leave with practical next steps for driving impact. The more SMEs can access that kind of support, the faster they’ll move from AI confusion to clarity.





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