Strong AI Adoption Drives Palantir’s Revenue Forecast Up
Palantir Technologies has revised its 2024 revenue forecast for the third consecutive time, attributing this positive trend to the increasing adoption of artificial intelligence (AI) by both government and corporate clients. The company now anticipates its annual revenue to fall…
APAC Firms Set to Increase AI Investment by Over 20% in 2024
As artificial intelligence (AI) continues to transform various sectors, a recent study reveals a marked shift in investment strategies among Asia Pacific (APAC) firms. According to the IDC Data and AI Pulse: Asia Pacific 2024 report, commissioned by SAS, nearly…
PepsiCo Makes $1.2B Deal to Buy Better-for-You Food Brand
PepsiCo, Inc. has engaged in a substantial acquisition, finalizing a $1.2 billion deal to purchase Garza Food Ventures LLC, known primarily as Siete Foods. This strategic move marks a notable expansion in PepsiCo’s portfolio of healthier food options. Founded in…
AI Boost Prompts Microsoft to Reorganise
Microsoft’s recent restructuring represents a strategic pivot towards emphasizing the financial impact of artificial intelligence (AI) initiatives within its broader business model. This move is not just about internal alignment; it addresses a growing demand from investors for transparency and…
