up front

Deutsche Bank analyst Benjamin Black expressed similar sentiments in a note last week, writing that Meta’s large up-front AI investment has boosted the company’s advertising revenue growth, which is in turn allowing it to lean into foundational AI-model training — something that could unlock new opportunities outside of its existing ad business.

Users who pay the up-front cost of a Life360 pet-tracking device are also less likely to drop the subscription due to sunk-cost psychology, the analysts add.

Part of the deal was that if he left early in the lease he could reclaim some of the money he had paid up-front, with that amount tapering down over time until 25 years - at the current rate, it is about £186,000 for each remaining year until 2028.

The deal meant that instead of paying annual rent, Prince Andrew made large lump sum payments up-front, including for renovations.

He thinks that Westpac’s strategic plan looks sensible given the lender’s requirements, but points out that it requires significant up-front investment and that productivity benefits won’t emerge until FY 2028.