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Cadeler: Q2 Earnings Snapshot

COPENHAGEN V, Denmark (AP) — COPENHAGEN V, Denmark (AP) — Cadeler A/S (CDLR) on Tuesday reported net income of $110.4 million in its second quarter.

On a per-share basis, the Copenhagen V, Denmark-based company said it had profit of $1.16.

The offshore wind farm transportation and installation contractor posted revenue of $328.8 million in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDLR at https://www.zacks.com/ap/CDLR

Australia’s music industry bans AI-generated tracks from official charts

MELBOURNE, Australia (AP) — Australia’s recorded music industry will bar tracks wholly generated by artificial intelligence from official charts as burgeoning generative technologies threaten artists’ livelihoods, a representative said on Tuesday. The crackdown comes as a variation of Madonna’s pop hit “Like a Prayer” created by an Australian producer using AI-generated vocals and drums has spent 16 weeks in the Australian top 20, stoking debate about generative AI’s place in music. It peaked at number two on the Australian Record Industry Association’s top 20 Australian singles chart in May and remained in fourth place on Tuesday. Wholly AI-generated tracks will be banned from the ARIA charts from Monday next week, but some AI-assisted music will remain eligible, an ARIA statement said. Tracks can be eligible only if “humans wrote the song and performed the lead vocal and the primary instruments,” among other requirements, the statement said.
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