Business & Industry · Fri 13 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.

Today · Fri 13 Nov

SMIC co-CEO sees 2026 revenue topping $12 billion as AI demand stretches chip upcycle

AI-generated summary SMIC co-chief executive Zhao Haijun said the company expects full-year revenue to top $12 billion and artificial intelligence demand to extend the current semiconductor upcycle. Zhao warned on an earnings call that tight global supplies of chipmaking equipment could disrupt the timing of capital spending at Semiconductor Manufacturing International Corp.

Goldman sees AI spending hitting $1.4 trillion by end-2027, nearly 4% of the US economy

AI-generated summary Goldman Sachs forecasts that artificial intelligence spending will reach an annual pace of $1.4 trillion by the end of 2027, representing nearly 4% of the US economy. Cisco raised its full-year outlook based on artificial intelligence networking demand from hyperscalers, while Applied Materials and Cerebras also reported strong orders.

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Hands-On With the New Apple TV 4K and Siri AI

AI-generated summary The 4th-generation Apple TV 4K includes an A19 chip and Siri AI support, and Apple says the feature is currently in beta with more work remaining. Apple has set the price for the new device at $299, and the 2nd- and 3rd-generation models will receive Siri AI in the upcoming tvOS 27.2.1 update.

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The Agentic AI Overlay:  Modernizing IT Service Without “Rip and Replace”

AI-generated summary Salesforce reports that its native agentic AI IT Service has signed more than 1,500 customers in a year while offering an overlay approach that coexists with existing ITSM platforms. Salesforce says its AI tools include Agentforce, Claudeforce, and the Employee Service Agent named Paige to help automate requests and orchestrate tasks across enterprise systems.