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It isn't just about electric planes: Rolls-Royce were trying to be G.E. and failing. slashing divisions such as R2 Factory, an in-house artificial intelligen
by robocat 3y ago
It isn't just about electric planes: Rolls-Royce were trying to be G.E. and failing.
slashing divisions such as R2 Factory, an in-house artificial intelligence software unit, and a direct air carbon capture project.
Rolls-Royce said it would cut 2,500 management and administration jobs.
The next head to roll is its electrical business, which develops propulsion systems for flying taxis and other aircraft.
Did Rolls-Royce think they were a VC/incubator for inventions with multi-decade payoffs? Tough market.
Rolls-Royce continue to develop for the nuclear power market - I'm guessing driven by government/military money. Compare to GE Hitachi: https://www.gevernova.com/nuclear https://www.gevernova.com/nuclear
Then again, looking at the General Electric website makes me want to short GE!
Read and weep their AI initiative to develop buzzwords: https://www.ge.com/research/initiative/industrial-ai https://www.ge.com/research/initiative/industrial-ai
Or the bigger picture:
Q: What is GE's mission/purpose statement?
A: GE's newly defined Purpose is “We rise to the challenge of building a world that works.”
Q: What industries does GE operate in?
A: GE has long been a leader in Power, Renewable Energy and Aerospace. Today, GE also leads in delivering solutions across Additive Manufacturing, materials science and data analytics.
Financially, a basket of options is worth more than an option on a basket (RR share price). https://medium.com/@kentbeck_7670/decisions-decisions-or-why-baskets-of-options-dominate-9ac63658b593 https://medium.com/@kentbeck_7670/decisions-decisions-or-why...
Rolls-Royce blurb:
Rolls-Royce develops and delivers complex power and propulsion solutions for safety-critical applications in the air, at sea and on land.
Strategic initiatives: Detailed divisional plans that will focus on opportunities where key drivers give us competitive advantage: widebody aircraft, business aviation, transport & patrol, combat, submarines, governmental and marine.
- scrlk 3y ago> Rolls-Royce continue to develop for the nuclear power market - I'm guessing driven by government/military money. Correct - RR are the manufacturer of the PWR reactors that power the Royal Navy's submarines. They are trying to capitalise on this by branching out in to SMRs.