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.

Monday 9 November

Moody’s and S&P downgrade Akamai on debt-fueled AI infrastructure buildout By Investing.com

AI-generated summary Akamai Technologies Inc received credit downgrades from Moody’s Ratings and S&P Global Ratings following a debt-funded push into artificial intelligence edge infrastructure. S&P lowered Akamai to speculative grade while Moody’s cut its rating to the lowest investment-grade tier due to financing strategies tied to an Anthropic agreement.

AI Stock Rout Called 'Unwarranted.' Why Wall Street Sees Post-Midterms Edge For Cloud Giants.

AI-generated summary Wall Street analysts are describing the recent decline in artificial intelligence and technology stocks as excessive while Morgan Stanley analysts informed clients on Sunday that they anticipate artificial intelligence capital expenditures to remain consistent with preelection levels. The analysts also stated that a more stringent regulatory environment could benefit cloud hyperscale giants Amazon, Microsoft and Google while some spending on data centers may shift following the midterm elections.

Also covered by investingLive
Earlier: Watch Market Reassessing Pace of AI Boom: T. Rowe Price's Wang

Northern Trust and Microsoft Frontier Company collaborate to transform client onboarding through AI

AI-generated summary Northern Trust and Microsoft expanded their collaboration to deploy a new AI-powered client onboarding agent on the Northern Trust Asset Servicing Front Office Solutions platform. Northern Trust says the agent cuts data preparation time by 83 percent and achieves a 96.5 percent F1 first-pass quality score.

Also covered by Unite.AI CIO

Disney hires Adobe to build private AI models

Disney hires Adobe to build private AI models

AI-generated summary The Walt Disney Company has hired Adobe to build private generative AI models trained on Disney characters, settings, and visual styles. Under the multi-year alliance announced at Adobe MAX, Adobe becomes Disney's official AI innovation partner following an earlier partnership with OpenAI.

Also covered by The Verge The Decoder Digital Trends
+5 moreTNW | Artificial-intelligence www.tomsguide.com Variety PPC Land GamesBeat

Doximity Expands AI Tools for Hospitals, Targets Drugmaker Ad Dollars

AI-generated summary Clinical artificial intelligence company Doximity is expanding its artificial intelligence tools across hospitals in the United States while building an advertising business around physician searches. More than 190 health systems have purchased the company's artificial intelligence suite, and 16 of the 20 largest pharmaceutical companies have bought its AI Search advertising product according to earnings results.

Earlier: Doximity expands clinical AI footprint to more than 190 health systems

Meet the legal startup generating $150 million in revenue without chasing Big Law

AI-generated summary EvenUp sells artificial intelligence software to plaintiff-side law firms and has grown to $150 million in recurring revenue under contract according to its cofounder and chief executive Rami Karabibar. The seven-year-old company expanded beyond automating demand letters into software that helps lawyers manage cases from start to finish and now serves more than 2,000 personal injury firms.

Introducing ElevenAgents Campaign Manager

AI-generated summary ElevenLabs announced the launch of ElevenAgents Campaign Manager to help outbound teams manage sales, retention, patient care, collections, customer service, and recruiting operations. ElevenLabs says the new tool allows agents to call contacts during set hours, carry context between interactions, and run campaigns over phone calls and WhatsApp.

Also covered by @ElevenLabs