Aninda Chakraborty

1 week ago | techmonitor.ai | Aninda Chakraborty

A new industry report shows that while enterprises are advancing from AI experimentation to full-scale production, measurable returns on investment (ROI) remain limited for most organisations. According to the 2025 REVelate report from Domino Data Lab, 88% of enterprises have improved their ability to deploy AI at scale, but nearly 60% expect less than 50% ROI from machine learning and generative AI (Gen AI) initiatives.

1 week ago | nsenergybusiness.com | Aninda Chakraborty

Ontario Power Generation (OPG) has secured approval from the Government of Ontario in Canada to build the first small modular reactor (SMR) at the Darlington nuclear site. The initiative is expected to help in meeting the province’s growing electricity demands, which are projected to increase by at least 75% by 2050. The first of the planned four SMRs will generate sufficient clean and reliable energy to power approximately 300,000 homes.

1 week ago | techmonitor.ai | Aninda Chakraborty

Ransomware claims remained the most financially damaging cyber threat, despite a stabilisation in their frequency in 2024. The finding is part of cyber insurer Coalition’s 2025 Cyber Claims Report, based on data from the company’s policyholders across the US, Canada, the UK, and Australia. The report highlighted that ransomware remained the most expensive form of cyberattack, despite a 3% year-over-year (YoY) decrease in claim frequency and a 7% reduction in severity.

1 week ago | banking-gateway.com | Aninda Chakraborty

American Plus Bank has finalised the acquisition of United Fidelity Bank, fsb’s Long Beach branch, operating as International City Bank, marking an expansion in Southern California. This acquisition involves the transfer of approximately $74m in loans and $117m in deposits, strengthening American Plus Bank’s portfolio and solidifying its presence in the Long Beach area.

1 week ago | nsenergybusiness.com | Aninda Chakraborty

Danish energy company Ørsted has announced the discontinuation of its Hornsea 4 offshore wind project, in a significant blow to the UK’s clean energy goals. The company attributed the decision to rising supply chain costs and heightened financial risks. Initially awarded a Contract for Difference (CfD) in the sixth allocation round in September 2024, the 2,400MW project has faced mounting challenges that have compromised its feasibility and value creation.