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05.05.26 - 18:48
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Mnuchin Talks Semiannual Reporting, AI and Fed Rates (Bloomberg)
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Steven Mnuchin, founder of Liberty Strategic Capital and former US Treasury Secretary, says he supports the proposal released by the Securities and Exchange Commission that will allow US companies to choose to report earnings semiannually. Speaking at the Milken Institute Global Conference in Beverly Hills, California, Mnuchin also comments on the economic impact of AI, the conflict in Iran, the federal budget deficit and Federal Reserve monetary policy. (Source: Bloomberg)...
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05.05.26 - 18:31
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Coinbase to Cut 14% of Staff, Citing Volatile Markets and AI (Bloomberg)
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Crypto exchange Coinbase Global Inc. will cut around 14% of its workforce, citing a need to manage costs in volatile markets and technological advances in artificial intelligence. Around 700 employees will be affected by the changes, with cuts expected to happen mostly in the second quarter, and the company expects to incur as much as $60 million in restructuring expenses. Bloomberg's Paul Gulbberg joins Bloomberg Intelligence to discuss. (Source: Bloomberg)...
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05.05.26 - 18:00
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Beyond SaaS Stagnation: Why AI-Native Spend is Surging 94% as Enterprises Embrace Autonomous Workforces (SCMP)
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[The content of this article has been produced by our advertising partner.]
The enterprise software landscape is undergoing a structural reckoning. According to recent market data, AI-native spending has surged by 94% year-on-year (YoY), nearly double the growth rate of hybrid tools and dramatically outpacing traditional SaaS, which has cooled to just 8%. Amidst this shift, omnichannel leader Omnichat today announces its definitive evolution into an AI-Native Agentic Customer Experience (CX)......
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05.05.26 - 18:00
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How customised AI is delivering real-world impact (SCMP)
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[The content of this article has been produced by our advertising partner.]
The AI systems delivering the strongest results today are the ones built in-house and trained on proprietary data
Every enterprise has a body of knowledge that exists nowhere else: the decisions, patterns and lessons accumulated over years of operations. Customised AI turns that institutional knowledge into working intelligence that can reason with the specificity of an insider, deployed at the scale of an enterprise......
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