Technology & AI Articles

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Companies Wasting Millions on AI Spending - MIT Professor

KPMG survey says 81% of US executives worry about lagging behind on tech but MIT economist says AI will only replace 5% of jobs

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80% of professionals say AI will transform how they work

C-suite executives in tax, law and risk & compliance sectors predict AI will save them 200 hours of drudge work each year

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Nearly 60% of Finance Teams Now Using AI - Gartner

And of those finance teams that are not using AI, half are still planning to use it. By 2026, adoption will be at 90%

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Darktrace CEO Steps Down as Thoma Bravo Buys Company

Cybersecurity firm Darktrace has announced that CEO Poppy Gustafsson is standing down ahead of its takeover by US private equity firm

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Why CEOs need to create an AI doppelganger of their business

Digital twins have long existed in supply chain businesses. Now EY says that CEOs should create virtual twins of every business to see how it performs

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Nvidia CEO Sees Wealth Plummet by $10bn in Just One Day

Jensen Huang suffers $10bn loss to his personal fortune after Nvidia loses $279bn on Tuesday - the largest monetary fall for a single stock in history

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Why Billion-dollar Businesses are Sounding the Alarm over AI

Number of Fortune 500 companies warning about the risk AI poses to their business model rockets by 500% within a year

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Just a Quarter of CFOs Are Using the Latest Technology

Finance chiefs are happy to sign off technology investment elsewhere in the company but don’t have the employee talent to use it themselves