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Palantir's Karp says businesses are 'unhappy' with the frontier AI labs

Palantir CEO Alex Karp said the artificial intelligence software company's enterprise customers are "unhappy" with how the frontier labs are operating. "It's not just the man and woman on the street that is unhappy with the frontier labs, it's in private every single enterprise we deal with," he told CNBC's Sara Eisen on Wednesday. Many customers, he said, believe these companies don't understand their businesses and only care about tokenmaxxing, or burning through AI tokens to signal...

CNBC 2h ago

Cognizant's AI Builder strategy opens roles to non-tech candidates

For months, leading voices in artificial intelligence warned that entry-level white-collar jobs were at risk of disappearing. But Cognizant CEO Ravi Kumar S. believes those fears were overstated. According to a report by Fortune, speaking at the Fortune’s COO Summit in Scottsdale, Arizona, he said, “There was a little bit of fearmongering…

Times of India 2d ago

Cognizant CEO calls AI tokens metric wrong; says it shouldn't be equated to productivity

Cognizant CEO Ravi Kumar S. has pushed back against the growing reliance on ‘AI tokens’ as a measure of productivity, calling the metric misleading and‘a vanity exercise’. According to a report by Fortune, speaking at Fortune’s COO Summit in Scottsdale, Arizona, Kumar emphasised that the companies should focus on outcmes rather than token consumption, a practice he feels has distorted how the industry evaluates artificial intelligence. For months, tech leaders inclduing Sam Altman of OpenAI...

Times of India 8d ago

Commvault says it's time to rethink resiliency as AI crooks leave victims in a 'dark, dead' state

AI-enabled cybercriminals have better tools and are inflicting more pain on their victims, wiping out virtual machines and hypervisors and leaving infrastructure in a "dark, dead" state after an attack, said Commvault Chief Technology Officer Brian Brockway. "The majority of cyber cases that we've seen in the customer base have moved well beyond the breaking inside, and encrypting and corrupting some of your key files and folders, to taking over control of your entire VM environment, wiping...

The Register 6d ago

Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives?

Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives? A World Bank report in May found that Malaysia’s wage growth since 2010 has lagged behind its gross domestic product (GDP) growth in part because top firms in the country are not scaling up. KUALA LUMPUR: They form the top 10 per cent of businesses in Malaysia productivity-wise.

Channel News Asia 2d ago

When airline pilots say there are safety issues, we need policymakers to listen and act

This summer, millions of Americans will head to the airport, ready for long-awaited vacations, family visits and once-in-a-lifetime adventures. They will pack their bags, shuffle through airport security lines and make their way through crowded terminals. On board, they’ll buckle their seat belts, hear the safety briefing and settle in for the flight ahead.

Fox News 11d ago

$1.77 trillion! SpaceX is about to become the 7th-most valuable American company

SpaceX is about to become the 7th-most valuable American company SpaceX's initial public offering (IPO) will launch the company into rarefied financial air. The company revealed this week that it plans to sell shares at $135 apiece during the IPO, which will occur June 12 when SpaceX begins trading on the Nasdaq under the ticker symbol SPCX. That share price would give the company a valuation of $1.77 trillion, according to CNBC.

Space.com 5d ago

AI and energy security drive investment focus at Baku Energy Week 2026

Baku Energy Week 2026 showcased how AI, digitalisation and regional gas diplomacy are reshaping the global energy sector, as companies and officials increasingly focus on competitiveness, energy security and cleaner technologies. Artificial intelligence, upstream investment and gas security have led the conversation at Baku Energy Week 2026, as global energy companies used the annual gathering in Azerbaijan to showcase how the sector is adapting to geopolitical uncertainty. Across two...

Euronews 8d ago

The Tech Download: Anthropic’s IPO sets up first big test of AI boom valuations

This report is from this week's The Tech Download newsletter. You can subscribe here. This week has been dominated by the hype around the highly anticipated IPOs of SpaceX, Anthropic and OpenAI.

CNBC 5d ago

Disney is poised to ramp its already booming advertising business. Rita Ferro is behind the push

As Rita Ferro, Disney president of global advertising, prepared to take the stage at the company's recent upfront presentation, she had actor Paul Anthony Kelly on her mind. Kelly recently portrayed John F. Kennedy Jr. in the limited FX TV series "Love Story," and met Ferro at an earlier event. After a fangirl moment that included an iPhone snapshot, Ferro requested that Kelly introduce her at the annual pitch to advertisers.

CNBC 10d ago