Old IT makes its bid for AI relevance
Pendulum is swinging back to companies in areas such as servers, more general chips and software
FT AI·
Investors to scrutinise AI spending plans from companies that represent almost one-fifth of the S&P 500’s market cap
Read full articlePendulum is swinging back to companies in areas such as servers, more general chips and software
Companies should capitalize on the efficiencies AI offers to change how people experience their work.
The software company said in February it would cut 7,000 jobs but, as it touts new technology, workers are still waiting to hear which roles will go Get our breaking news email, free app or daily news podcast Staff at WiseTech have been waiting almost three months to be told if they’re among the 2,000 people the logistics software company is to cut due to advances in AI, with workers criticising the wait as stressful and “ridiculous”. The comments come as its founder on Tuesday told investors an AI agent could learn a human’s job in just 15 minutes, according to the Australian Financial Review. Continue reading...
Investors are using the technology to analyse documents but are holding it back from more sensitive tasks
Many companies are benefiting from the feedback loop being created by AI demand. Just don’t call it “parabolic.”
Anthropic is asking investors to submit allocations for the AI company’s latest fundraise within the next 48 hours, according to sources familiar with the matter.
Companies are pouring money into AI, but without changing how work gets done, it won’t pay off.
Earnings hint at growth trajectory despite increases in capital spending