AI can make us UK's biggest firm, Rolls-Royce says
11 days ago
- #Nuclear Energy
- #Rolls-Royce
- #Artificial Intelligence
- Rolls-Royce aims to become the UK's most valuable company by powering AI data centers with small modular reactors (SMRs).
- The company has signed deals with the UK and Czech governments to develop SMRs, estimating a global need for 400 by 2050.
- Rolls-Royce's CEO, Tufan Erginbilgic, believes the company's nuclear capability positions it as a global market leader.
- Despite 50% of shareholders and customers being US-based, Rolls-Royce has no plans to list shares in New York.
- Rolls-Royce is also focusing on expanding into the narrow-bodied aircraft engine market, valued at $1.6 trillion.
- Under Erginbilgic's leadership, Rolls-Royce's share price has increased ten-fold, with profits expected to exceed £3bn.
- The company's turnaround is attributed to market conditions, Erginbilgic's leadership, and his predecessor's efforts.
- Unions have 'grudging respect' for Erginbilgic despite initial job cuts, as global headcount has grown from 43,000 to 45,000.