Octopus Energy Group Ltd. plans to spin off Kraken Technologies Ltd., a software platform that helps utilities manage the transition to cleaner energy. Kraken has been key to Octopus Energy’s growth into the UK’s largest electricity supplier, leapfrogging industry incumbents to serve more than 7 million customers in the country. The software allows it to balance out power flows to households as energy-transition technologies like electric vehicles, home batteries, solar panels and heat pumps become more widespread.

Amir Orad, the CEO of Kraken, discusses the particulars of the spinoff and why he feels it's important for nations to have a diverse mix of energy sources and providers. Amir speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Octopus Energy Group Ltd.&nbsp;plans to spin off&nbsp;Kraken Technologies Ltd., a software platform that helps utilities manage the transition to cleaner energy.&nbsp;Kraken has been key to Octopus Energy&rsquo;s growth into the UK&rsquo;s largest electricity supplier, leapfrogging industry incumbents to serve more than 7 million customers in the country. The software allows it to balance out power flows to households as energy-transition technologies like electric vehicles, home batteries, solar panels and heat pumps become more widespread. Amir Orad, the CEO of Kraken, discusses the particulars of the spinoff and why he feels it's important for nations to have a diverse mix of energy sources and providers. Amir speaks with Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily.

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Octopus Energy Plans to Spin Off Technology Arm Kraken

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The Colorado River has lost 20% of its flow due to a 25-year drought and chronic overuse, causing major reservoirs to fall to record-low levels. The federal government has proposed a plan to cut water allocations to California, Arizona, and Nevada, with Arizona potentially losing all of its 3 million acre-feet of river allocation in the long run. A significant portion of the Colorado River's water is used for irrigation to grow alfalfa and other hay to feed cattle, with about 26% of the hay grown in California and Arizona being exported to other countries.

For more, Kristine Aquino and Tim Stenovec spoke with Mark Gongloff, Bloomberg Opinion Columnist who covers climate change.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. The Colorado River has lost 20% of its flow due to a 25-year drought and chronic overuse, causing major reservoirs to fall to record-low levels. The federal government has proposed a plan to cut water allocations to California, Arizona, and Nevada, with Arizona potentially losing all of its 3 million acre-feet of river allocation in the long run. A significant portion of the Colorado River's water is used for irrigation to grow alfalfa and other hay to feed cattle, with about 26% of the hay grown in California and Arizona being exported to other countries. For more, Kristine Aquino and Tim Stenovec spoke with Mark Gongloff,&nbsp;Bloomberg Opinion Columnist who covers climate change.

For a Thirsty West, It’s Either Cows or Humans

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3c084073-da78-4adf-86d0-b4b70151889f/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Stepping into his new role as Apple Inc.’s chief executive officer on Sept. 1, John Ternus won’t have much time before the company begins its annual fall product rollouts. This year the lineup will include an unusually ambitious slate of devices he’s been teasing for months internally, including the first foldable iPhone and a smart display that can recognize who’s speaking and tailor content to them. Ternus spearheaded those devices in his previous job as Apple’s hardware chief, while also overseeing work on products that won’t be ready for this fall, including AirPods with cameras that can interpret a user’s surroundings, smart glasses, a home security system, a home display attached to a robotic arm and a camera-equipped pendant that can be worn as a necklace or clipped to a shirt. All these devices will be crucial to Apple’s plans to address the most pressing question facing the company: How can it extend its decades-long run of success into the era of artificial intelligence?

Today's episode features:
Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech
Brian Quintenz, KalshiEx Board Member and Fmr. CFTC Commissioner
Chris Todd, CEO of Envestnet
Ryan Gould, Bloomberg News Deals Reporter

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a> Stepping into his new role as&nbsp;Apple Inc.&rsquo;s chief executive officer on Sept. 1,&nbsp;John Ternus&nbsp;won&rsquo;t have much time before the company begins its annual fall product rollouts. This year the lineup will include an unusually ambitious slate of devices he&rsquo;s been teasing for months internally, including the first&nbsp;foldable iPhone&nbsp;and a&nbsp;smart display&nbsp;that can recognize who&rsquo;s speaking and tailor content to them. Ternus spearheaded those devices in his previous job as Apple&rsquo;s hardware chief, while also overseeing work on products that won&rsquo;t be ready for this fall, including&nbsp;AirPods with cameras&nbsp;that can interpret a user&rsquo;s surroundings, smart glasses, a home security system, a home display attached to a robotic arm and a camera-equipped pendant that can be worn as a necklace or clipped to a shirt. All these devices will be crucial to Apple&rsquo;s plans to address the most pressing question facing the company: How can it extend its decades-long run of success into the era of artificial intelligence? Today's episode features:
<ul>
<li>Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech</li>
<li>Brian Quintenz, KalshiEx Board Member and Fmr. CFTC Commissioner</li>
<li>Chris Todd, CEO of Envestnet</li>
<li>Ryan Gould, Bloomberg News Deals Reporter</li>
</ul>

AI First Priority for Apple's New Chief John Ternus 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ae872934-8e0d-4fe2-bf13-b4b70147cfc1/transcript

Affirm, the short-term loan company, posted earnings this week that beat expectations and reporting its most profitable quarter on record. Founder & CEO Max Levchin joins Bloomberg Businessweek Daily to discuss how his company sets rates and keeps up with a growing industry, arguing Affirm's transparency makes it stand out from competitors.

Affirm, the short-term loan company, posted earnings this week that beat expectations and reporting its most profitable quarter on record. Founder &amp; CEO Max Levchin joins Bloomberg Businessweek Daily to discuss how his company sets rates and keeps up with a growing industry, arguing Affirm's transparency makes it stand out from competitors.

Affirm CEO Max Levchin Says American Consumers are Healthy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3ce322f4-f0de-4935-9395-b4b401492b45/transcript

Octopus Energy Plans to Spin Off Technology Arm Kraken

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