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...BCG, which started investing in its AI business in 2015, has about 3,000 employees in its BCG X technology and design division....
...Yet the technology initially failed to produce the anticipated boom in business, leading to bankruptcies among telecoms companies and a collapse of nearly 90 per cent in Cisco’s share price....
Insiders say ByteDance exerting increasing influence over platform despite US pressure over ownership
...Cisco, with its premium buyout price, is paying seven times. This is a figure that once seemed inconceivable for a SaaS software company....
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...Cisco Systems, the star of the lot, reached a market cap of $550bn. Today, a much more diversified Cisco is down to $200bn. Some companies, such as Alcatel-Lucent and Brocade, were eventually acquired....
...Splunk’s president and chief executive Gary Steele will join Cisco’s executive leadership team after the acquisition has been completed, a Cisco statement said on Thursday....
...But in recent months there has been a trickle of big-ticket deals in enterprise technology, including Cisco’s move to acquire data and security software company Splunk for $28bn in September and Hewlett...
...The enterprise technology business that was split off from HP’s PCs and printers unit in 2015 has agreed to pay Juniper’s shareholders $40 per share in cash, representing a 32 per cent premium on the company...
Elon Musk sends confusing message on earnings call
Driven to distraction
Move could lead to obsolescence of video app used by 170mn Americans
...Access to high-definition mapping is crucial for even a partially self-driving technology system to work....
Microsoft is the company showing most tangible proof of AI revenue generation from hefty investments
...By offering a way for others in the tech world to use the technology themselves, Meta increased its influence and potentially reduced the costs of maintaining the technology....
...In 2020, China updated its export control rules that in effect give Beijing a say in any deal that would sell Chinese technology to an American buyer....
...More importantly, Trump Media & Technology Group rose another 14 per cent, right after we wrote that it looked a bit overvalued. Unhedged’s record as a contrarian indicator remains spotless....
...The delistings came after China’s powerful internet regulator and the Ministry of Industry and Information Technology set a deadline of April 1 for apps operating in China to formally register with the government...
A tech-savvy Uber Eats worker was sick of the algorithms that controlled his day. So he decided to fight back
...Likewise, the technology can offer personalised financial advice to Credit Karma users and help generate marketing content for customers at MailChimp....
..., who has been criticised for being slower than rivals to commercialise generative AI — particularly in the context of Microsoft’s $13bn partnership with OpenAI and its much-hyped ChatGPT — despite the technology...
Familiarity bias can work both ways for investors
...the country as a “successful example” of economic and trade co-operation with the US — emollient language at a time when trade tensions between Beijing and Washington have increased, particularly over technology...
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