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.

Friday 6 November

‘The UK has the talent, ambition, and entrepreneurial energy to help define the next chapter of AI’: OpenAI continues UK expansion with new managing director

Close-up image of OpenAI logo and branding displayed on a smartphone screen.

AI-generated summary OpenAI has appointed Elke Karskens as the new managing director for the UK and Ireland and Northern Europe to support regional expansion. OpenAI says the new managing director previously led the company's international marketing team and held senior roles at Coinbase, Facebook, and Skype.

SupportNinja Brings AI-Native CX Solutions to Ecommerce Through Aventus Acquisition

AI-generated summary SupportNinja announced the acquisition of Aventus to provide artificial intelligence-native customer experience solutions for ecommerce and direct-to-consumer brands through Aventus by SupportNinja. SupportNinja CEO Craig Crisler stated that the acquisition allows the combined operations to deliver automated transactional work and insights at scale.

Rightmove, Scout24 Seek AI Boost Against Subdued Housing Markets

AI-generated summary Property platforms Rightmove and Scout24 both raised their outlooks, stating that artificial intelligence-powered products are helping them navigate subdued housing markets. Rightmove upgraded its 2026 earnings per share guidance to at least 7 percent growth on Friday after increasing its investment in artificial intelligence tools for estate agents.

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.

AI free-fall triggers another major hedge fund shakeout

AI-generated summary Wall Street reports a technology sell-off that is causing widespread turmoil for the hedge fund industry and leading to operation restructuring at Walleye Capital. CEO Will England says Walleye Capital is simplifying its internal equity long-short business, parting ways with related leadership, and returning capital to investors following a difficult month.

Earlier: Dip Buyers Emerge for Tech Stocks as Traders Look Past Midterms

AMD CEO Lisa Su Addresses AI Infrastructure Bottleneck Fears: 'We Have Good Visibility Into 2027'

AI-generated summary Advanced Micro Devices, Inc. CEO Lisa Su addressed concerns regarding artificial intelligence infrastructure bottlenecks during the company third-quarter earnings call. Su stated that Advanced Micro Devices, Inc. maintains good visibility into data-center capacity and planned graphics processing unit deployments through 2027.

Earlier: AMD CEO Lisa Su sees AI becoming 'essential to every aspect of our lives'

Big Tech's massive AI spending is causing another problem for investors

AI-generated summary Alphabet, Amazon, Meta, Microsoft, and Oracle decreased their combined stock buybacks to $4.4 billion in the third quarter while they allocate cash to artificial intelligence projects. The Kobeissi Letter stated that the era of large stock buybacks is over while capital expenditures for these companies trend toward approximately $800 billion in 2026.

Earlier: Investors increasingly nervous over AI bubble · Meta (META) euro and dollar bond sale: what it owes