AI can make us UK's biggest firm, Rolls-Royce says
- Rolls-Royce has signed deals to supply small modular reactors to the UK and Czech governments for AI-supported data centers.
- Rolls-Royce predicts a global demand for 400 small modular reactors by 2050, with costs reaching $3 billion each.
- CEO Tufan Erginbilgic believes the company can surpass competitors, aiming to become the largest firm in the UK by market capitalization.
- Fatih Birol of the International Energy Agency has noted that global electricity demand from data centers is expected to more than double in the next five years.
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11 Articles
Rolls-Royce considers move into nuclear reactors to support AI demand - TechCentral.ie
Rolls-Royce has laid out its vision of a future in which its nuclear technology powers the burgeoning field of artificial intelligence (AI), a move that could catapult the company to become the UK’s most valuable business. The venerable carmaker has struck deals to supply small modular reactors (SMRs) to the British and Czech governments to [… The post Rolls-Royce considers move into nuclear reactors to support AI demand appeared first on TechCe…
Rolls-Royce: We could become UK's biggest listed firm
The boss of Rolls-Royce has said the FTSE 100 engineering giant could become the UK's biggest listed company, writes Jessica Clark. And chief executive Tufan Erginbilgic yesterday backed London as he dismissed the idea that Rolls might follow other major firms by switching its listing to New York. FTSE heavyweights AstraZeneca and Shell have been flirting with a switch in search of higher valuations in what would be a hammer blow for the London …
The nuclear option: AI & a remarkable turnaround at Rolls-Royce
For over 100 years, Rolls-Royce has been a byword for quality and British engineering prestige. In recent years and under its new boss, however, the company is chasing a new kind of status. Since Tufan Erginbilgic took over as the firm’s CEO, its share price has rocketed ten-fold and it is now aiming to become the UK’s number one company. The plan centres on a bold shift into nuclear power, with small modular reactors designed to fuel the boo…
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