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UK's Octopus Energy to spin off AI unit

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British renewable energy startup Octopus Energy intends to spin off its artificial intelligence unit.

A spinoff of Kraken Technologies is expected by mid-2026.

Octopus recently raised $1 billion in its first standalone funding round. That valued the company at $8.65 billion and paved the way for the spinoff, according to CNBC.

Read more from CNBC.

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