efficiencies

"The data centre industry is also unlocking greater energy savings and efficiencies for homes, businesses, utilities, and other end users – everything from smart thermostats to grid-enhancing technologies require the digital infrastructure provided by data centres."

A university spokesman said costs had risen and "efficiencies" were being sought, but argued that finances were "robust" and Cambridge research contributed billions of pounds to the economy.

The firms expect to fully merge operations within 18 months, with efficiencies and cost savings due after three years.

Part of that plan includes improving the ad engine and algorithmic capabilities of the company’s Paramount+ streaming service and using artificial intelligence tools to “enhance creativity and drive production efficiencies,” he said.

Kroger says the sale will unlock efficiencies that would lead to “lower prices and more choices for more customers.”