Artificial intelligence
‘Software will eat AI,’ HSBC says. Here are the bank’s top picks
“Software is already eating AI” and will continue to do so, according to HSBC, with the bank shrugging off recent market fears about the sector being displaced by artificial intelligence. Software stocks plunged earlier this month as widespread concerns that AI could make software-as-a-service, or SaaS, business models obsolete, sparked a sell-off and warnings of […]
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Anthropic joins OpenAI in flagging ‘industrial-scale’ distillation campaigns by Chinese AI firms
The Anthropic logo displayed on the stage during the company’s Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Photographer: Samyukta Lakshmi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Anthropic on Monday accused three Chinese AI enterprises of engaging in coordinated campaigns to extract information from its model, making it the latest […]
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He hesitated to take the CEO job. Here’s why Schneider Electric’s Olivier Blum ultimately said yes — and plans to stay
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Thrust unexpectedly into the top job, Olivier Blum reveals how resilience, discipline and constant learning shaped his rise to CEO of Schneider Electric. Source
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Cybersecurity stocks drop for a second day as new Anthropic tool fuels AI disruption fears
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Martina Albertazzi | Bloomberg | Getty Images Cybersecurity stocks dropped for a second day on Monday as investors fretted over new artificial intelligence security tools that threaten to displace the sector’s longstanding business models. […]
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AI robots may outnumber workers in a few decades, ex-Citi executive says
AI robots will exceed the working population within a few decades as more firms adopt AI agents and continue to squeeze costs, a former Citi executive warned on Monday. Rob Garlick, Citi Global Insights’ former head of innovation, technology, and future of work, told CNBC’s “Squawk Box Europe” that as leaders continue to prioritize profitability, […]
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Sam Altman defends AI resource usage: Water concerns ‘fake,’ and ‘humans use energy too’
OpenAI CEO Sam Altman on Friday defended the resource demands of artificial intelligence, calling concerns about data centers’ water use “fake” and comparing the energy used by AI systems to that of humans. Altman was speaking on the sidelines of the India AI Impact summit in an interview with The Indian Express when he was […]
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Accenture tells senior staff to use AI tools or risk losing out on leadership promotions
Accenture signage during the 2026 CES event in Las Vegas, Nevada, US, on Wednesday, Jan. 7, 2026. Bridget Bennett | Bloomberg | Getty Images Accenture has told senior staff they must regularly use its AI tools to be considered for promotions for leadership roles. Associate directors and senior managers at the consultancy giant were informed […]
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Watch CNBC’s full interview with Microsoft President Brad Smith at the AI Impact Summit in India
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Microsoft President Brad Smith told CNBC’s Arjun Kharpal that U.S. tech companies should “worry a little bit” about the subsidies their Chinese competitors receive from their government in the AI race. They were speaking at the sidelines of the AI Impact Summit […]
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Doordash stock climbs 10%, reversing plunge after earnings and revenue miss
Doordash‘s stock climbed 14% during extended trading on Wednesday, recovering from an initial downswing after the food delivery platform issued disappointing fourth-quarter results and guidance. The stock plunged 10% following the release of the company’s financials. Here’s how the company did versus LSEG estimates: Earnings per share: 48 cents vs. 59 cents expected $0.59 Est. […]
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Microsoft’s Brad Smith says U.S. tech should ‘worry a little’ about Chinese firms’ government subsidies
Microsoft President Brad Smith speaks at a press conference at the Representation of the State of North Rhine-Westphalia about future visions for the development and application of artificial intelligence in education in NRW in Berlin on June 4, 2025. Soeren Stache | Picture Alliance | Getty Images American tech companies should “worry a little bit” […]
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