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CFO confidence has it its highest point in four years as 59% of CFOs say it's a good time to take risks, according to Deloitte's fourth quarter CFO Signals report.
Deloitte's survey found that external risks to the economy are still plentiful, but also manageable. CFOs are optimistic about their companies' growth prospects. Deloitte said the fourth quarter CFO confidence score was 6.6 out of 10 possible, the highest since the fourth quarter of 2021.
Insight Blog
Annual Awards Highlight Breakthroughs and Blunders Across Enterprise Technology
Press Release
Databricks said it has raised $4 billion in a Series L investment for a $134 billion valuation and topped a $4.8 billion annual revenue run rate in the third quarter. For comparison, Snowflake’s annual revenue run rate exiting its third quarter was $4.84 billion.
Insight Blog
Costco is weaving artificial intelligence throughout its operations but doing it in what CEO Ron Vachris calls a "very Costco way."
"AI is also being interwoven into our business where we believe it can strengthen our model," said Vachris. "We're approaching it in a very Costco way, practical, member-focused and grounded in tangible business value."
Insight Blog
Nvidia launched its Nemotron 3 family of open models as it aims to provide an efficient set of large language models that can be used by enterprises to customize and deploy in multi-agent systems.
The company said it is releasing open models, training data and libraries. Nvidia, which doesn't have to worry about monetizing models since it cashes in on GPU sales, is focused on providing tools to build agentic AI systems, which will use multiple LLMs focused on various tasks.
Insight Blog
Freshworks said it will acquire FireHydrant in a move that will build out its IT service and operations management efforts.
Terms of the deal weren't disclosed.
FireHydrant specializes in AI-driven IT operations management software. The plan for Freshworks is to combine FireHydrant with its ITSM platform. FireHydrant was backed by Menlo Ventures and Salesforce.
Insight Blog
Rimini Street's first act took 20 years, but the second one will move much faster as the company aims to layer agentic AI over legacy enterprise resource planning systems. The strategy: Enable enterprises to accelerate their automation and AI plans while relegating reliable yet legacy systems to plumbing.
Insight Blog
How AI-Powered ERP and Human-Centric Leadership Are Reshaping Enterprise Software: Insights from DisrupTV
Today’s DisrupTV episode brought together two powerhouse voices shaping the future of enterprise innovation: Simon Paris, CEO of Unit4, and Geoff Tuff, transformation strategist and co-author of Hone.
Video
The companies that are looking to leverage artificial intelligence for competitive advantage are increasingly choosing to go custom. It's build over buy at massive scale.
Broadcom's fourth quarter earnings results were an eye opener for the industry after CEO Hock Tan laid out a few interesting tidbits. Broadcom is benefiting from XPUs, custom AI accelerators. Google's TPUs, which have emerged as a threat to Nvidia, account for a big chunk of Broadcom's revenue.
Insight Blog
Veeam completed the acquisition of Securiti today, a move that reflects how customer expectations are changing as AI becomes embedded across enterprise workflows.
Analyst Blog
Rivian's vertically integrated approach to autonomous driving and AI is enabled by its data flywheel that it uses to train its models and optimize.
The automaker held its first Autonomy & AI Day and perhaps the biggest lesson is that Rivian is an example of a company using its first-party data to develop new opportunities.
Insight Blog