Physical AI, Tom. I mean, are we literally talking robots here. We are essentially using and talking about robotics.And that's certainly what Alibaba is focusing in on when it comes to this partnership with Nvidia that they have now confirmed. This is focus on the cloud part of Alibaba, this business, which has been a significant revenue driver, but it was really a forward looking, future looking prospect as they look to integrate some of Nvidia's software into that cloud proposition and try to connect up s ...

28 May 2025 | 6:02AM CEST Powering Up Europe Domestic, defensive and growing; a new era for Utilities Domestic, defensive and growing. Utilities operate predominantly domestic businesses with a large share of regulated or contracted profits (i.e., defensive). We expect the industry to positively surprise on organic growth, thanks to: (1) the inflection in power demand; (2) a pivot in capital allocation; and (3) the secular need to modernize the entire power system. In this context, we believe Utilities may ...