Wall Street has spent three years paying for the companies that build AI. It is starting to pay for the companies that use it. The rotation has a number behind it. Morgan Stanley ran a systematic analysis of earnings call transcripts. It found that 25%…
Coforge reported first quarter revenue of $592.2m on Monday. That is a rise of 33% in dollar terms over the year, and 21.1% on the previous quarter. In rupees the annual increase reads 49%. Profit after tax reached $55.6m. Those numbers land in an indu…
AI did not make buyers easier to reach. It made everyone cheaper to interrupt. A modern AI sales agent can research a company, identify a plausible buying signal, compose a personalised email, schedule follow-ups, evaluate the response, and hand a qual…
A growing number of young adults are using AI chatbots to script not just their texts but their in-person conversations, the Wall Street Journal reported. Niharika Abbaraju, a 20-year-old cancer researcher, uses ChatGPT at work for research, but off th…
Zhu Yiming got about $10bn richer on Monday. He has promised to give roughly $5.6bn of it away, and not to charity. The chairman of CXMT saw his fortune climb nearly 300% to $13.9bn when the memory chipmaker closed its Shanghai debut up 466%, according…
Fareed Zakaria opened with the question everyone is circling. Are we in an AI bubble, and has it begun to deflate? OpenAI has promised to spend hundreds of billions while making a fraction of that, he noted. The maths does not add up. Nadella did not p…
Jeff Bezos, the founder of the company that just became the number one Fortune 500 business, says the cure for anxiety is not rest or meditation but action. Speaking at the Museum of Flight in Seattle in 2017, Bezos told an audience of students that st…
A Pew Research Center survey published last month found that one in five Americans aged 18 to 29 have used AI chatbots for emotional support or advice, and a separate YouGov poll found that 13 percent of US adults have shared a secret or problem with a…
A UK employment tribunal has ruled that forcing a remote worker with anxiety, ADHD, and autism to turn on her camera during a video training session amounted to disability discrimination. Laura Tait, a home-based travel consultant at Holiday Extras, wa…
Amazon is retreating from the race to build the smartest AI. This week it closed its AGI Lab, a San Francisco team working on artificial general intelligence, The Information reported. The move was part of layoffs across Amazon’s AGI unit, Reuters firs…