Business & Industry

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.

Tuesday 10 November

Gulf sovereign wealth funds are among those hit by the AI sell-off

AI-generated summary Sovereign wealth funds in the Gulf are among the investors affected by an artificial intelligence sell-off that caused their listed portfolios to drop $30.5 billion since the end of June according to GlobalSWF. GlobalSWF head of research Daniel Brett stated that strategic investors are unlikely to retreat from artificial intelligence despite the stock market slump.

Earlier: Asia Hedge Funds, Rich Investors Face Steep Losses in AI Selloff

Wall Street is unbothered by Nvidia’s Jensen Huang scandal

AI-generated summary Goldman Sachs CEO David Solomon stated on CNBC that key-man concerns involving Jensen Huang are exaggerated and that the ecosystem is not centered around one individual. Goldman is part of a Wall Street consortium committed to raising $500 billion to help finance the artificial intelligence buildout for Nvidia.

Also covered by Investing.com Yahoo Finance Tech Times
Earlier: Nvidia is about 6% of the S&P 500. If Jensen Huang is ousted, there’s no clear successor — could chaos hit portfolios? · Who Could Replace Jensen Huang? Nvidia Has No Formal Plan But 6 Possible Successors

Ceipal Launches Ora AI Agents for Recruiting and Compliance

AI-generated summary Ceipal announced the launch of Ceipal Ora, an agentic artificial intelligence platform designed to execute staffing workflows and connect applicant tracking, vendor management, and workforce management. Founder and CEO Sameer Penakalapati stated that automation platforms execute tasks while Ceipal Ora executes decisions, with 650 customer companies already running at least one agent or workflow.

Anthropic launches roadshow for proposed initial public offering

Anthropic logo

AI-generated summary Anthropic announced the start of the roadshow for its proposed initial public offering of Class A common stock. The proposed offering includes 825,000,000 shares with an expected price between $70.00 and $78.00 per share.

Also covered by The Decoder Financial Times Decrypt
+8 moreThe Verge The Hill The Independent Cautious Optimism the Guardian Mashable Business Insider SiliconANGLE
Earlier: Anthropic IPO meets AI backlash after midterms show stinging rebuke of data centers

"Everybody has access today. I think that's beta": PE investors say AI's edge is in data and judgment

AI-generated summary Private equity investors at the Israel Private Markets Summit stated that standard artificial intelligence models are now accessible to everyone and function as baseline beta. Speakers from Veritas Capital, Vista Equity Partners, and Tikehau Capital explained that a firm's true differentiation comes from proprietary data, human context, and judgment.

Almost nobody uses AI agents to order food or rides on apps like Uber

AI-generated summary Uber and DoorDash reported receiving only hundreds of orders through AI agents during recent earnings calls. CFO Balaji Krishnamurthy stated that Uber recorded about 500 Uber Eats orders and four ride-hailing trips from AI agents during one of its largest weeks.

Also covered by Bloomberg Fortune TechSpot
Earlier: Uber only fulfilled 4 rides from AI agents last quarter