Energy

The incubator's first company, Rho-C, is based on technology developed in the company's submarine business.

Trafigura's head of energy transition research and venture investment, Margaux Moore, has announced she is leaving the commodities trader.

Mascha Bonk has returned to corporate venturing after a stint at a startup.

The move comes after two years looking at AI technology as a consultant.

Arindam Bhattacharya spent more than 30 years at the oilfield services company.

As the AI race dramatically expands energy demand, there has been a palpable shift away from net zero and towards speed and abundance of supply.

Jennifer Moreland worked in financial roles at the UK oil and gas company before joining the VC arm.

CVC teams increasingly navigate a minefield of overvalued AI startups as they seek to invest in the transformative technology.

The newly independent CVC will focus on AI, machine learning and other deep tech.

Deep-pocketed US corporates spent big as the AI frontrunners raised billions, while others became AI-centred and sectors like energy got a boost.

Many of the new CVC units were launched by Asian corporates in Japan, China and Korea.