Sopa Images | Lightrocket | Getty Images Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday. The report also found that OpenAI ceded market share in enterprise AI, declining from 50% to 34%. Anthropic doubled its market share

Ford has announced plans to cut 4,000 jobs across Europe - including 800 in the UK - as the car industry pleads with the UK government to spare firms fines for missing electric vehicle (EV) sales targets. Nissan warned that the so-called mandates covering the sale of non-zero-emission cars risked "undermining the business case for

A McDonald's is seen in the Flatbush neighborhood in Brooklyn, New York City, on Oct. 23, 2024. Michael M. Santiago | Getty Images McDonald's is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants. The company is working on a new "McValue" approach for

One of the UK's biggest energy providers has paid out £14.5m after a series of billing failures. E.ON Next, one of the big six suppliers, failed to provide final bills and refunds to prepayment meter customers. Each recipient got an average of £144. The absence of final bills meant customers weren't aware of credit in

A Delta aircraft at the airline's hangar in Atlanta Leslie Josephs/CNBC Delta Air Lines on Wednesday said sales would grow in 2025, citing a "resilient economy" for strong travel demand and credit card spending, especially for higher-end offerings. It also said it expects to grow earnings in the coming years. Delta forecast revenue growth in

The private equity firm Cinven is in advanced talks to buy a major stake in Grant Thornton UK in a deal that would rank among the most significant ever struck in Britain's audit sector. Sky News has learnt that Cinven is close to agreeing a deal to acquire the shareholding, with sources suggesting on Wednesday

Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022. Jeenah Moon | Bloomberg | Getty Images Delta Air Lines CEO Ed Bastian said the Trump administration's approach to regulation could be a "breath of fresh air." Speaking to reporters ahead of Delta's

Another water company seeking to increase the cost of customer bills has reported increased profit and shareholder payouts. Severn Trent, the supplier to eight million people in Wales and the Midlands, booked £297.8m in pre-tax profit, £42.7m more than a year earlier. It wants to pay its shareholders 4.2% more than last year - 48.68

A sign hangs at the entrance of a T. J. Maxx store on February 28, 2024 in Chicago, Illinois.  Scott Olson | Getty Images TJX Cos. touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. TJX comfortably

A group of junior Thames Water bondholders are pushing for changes to a rival syndicate's proposed £3bn loan that they argue is prohibitively expensive for Britain's biggest water company. Sky News has learnt that the class B creditors - who have also offered their own emergency financing package to Thames Water - want a so-called