Business & Industry · Fri 6 Nov

Business and Industry covers the commercial adoption of artificial intelligence across corporate sectors and economic markets. Truncated covers enterprise deployments, industry investments, market trends, workforce impacts and regulatory compliance.

Friday 6 November

The new CFO: From reporting the past to shaping the future

AI-generated summary According to EY Israel co-CEO Noam Canetti, artificial intelligence is opening up new possibilities for the chief financial officer role and expanding the influence of the finance function on businesses. Canetti states that the fourth technological generation is emerging, powered by artificial intelligence and autonomous agents that can connect information, recommend responses, and begin to execute.

Breaking: Mayhem in the market 🫧

AI-generated summary Gary Marcus reports that the market was mixed following a previous post, with chipmakers and neocloud companies such as CoreWeave facing heavy losses while large firms like Amazon, Apple, and Google received a bounce. The author notes that theories suggested investors rotated toward larger tech companies to weather cash crunches or because hyperscalers might reduce CapEx expenditures following public resistance to data centers.

Also covered by www.marketwatch.com www.inc.com ctech
+2 moreCNBC www.investors.com

Tech firms suffer bloodbath as US midterms fuel AI fears

AI-generated summary Asian technology firms suffered significant losses on Friday as investors reacted to a collapse on Wall Street driven by fears of increased regulation of the artificial intelligence industry following the US midterm elections. Seoul and Tokyo experienced heavy selling while companies including SK hynix, Samsung, SoftBank, and Tesla faced market pressures amid concerns over data centre opposition and political developments.

Also covered by Al Jazeera NBC News bloomberg.com
+2 moreCNBC Vanity Fair