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Companies look to sell off assets to pay for AI investments

CIO

But some companies, particularly in the IT sector, now appear to be reevaluating their business models and will consider selling non-core lines of business and products to fund AI projects, says James Brundage, global and Americas technology sector leader at EY, an IT and tax advisory firm.

Capital 488
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Saudi Arabia’s deep tech startup ecosystem thrives with focus on AI and IoT, fueling Vision 2030

CIO

A recent report from the Ministry of Communications and Information Technology, King Abdullah University of Science and Technology, and consultancy firm Hello Tomorrow highlights the rapid growth of deep tech startups in Saudi Arabia, with 50% of these startups focusing on AI and IoT.

Startups 448
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Gartner projects major IT spending increases for 2025

CIO

Generative AI is likely to confuse the capital investor as much as any technology ever has,” he adds. In many cases, CIOs and other IT leaders have moved past the peak expectations about what gen AI can do for their organizations and are headed into more realistic ideas about the future of the technology, Lovelock adds.

IT 501
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AI dominates Gartner’s 2025 predictions

CIO

Organizations that deploy AI to eliminate middle management human workers will be able to capitalize on reduced labor costs in the short-term and long-term benefits savings,” Gartner stated. “AI By 2029, 10% of global boards will use AI guidance to challenge executive decisions that are material to their business.

Security 508
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UAE: Microsoft expands Global Engineering Development Center to Abu Dhabi

CIO

Microsoft has announced the expansion of its Global Engineering Development Center to Abu Dhabi, marking a significant milestone in the UAE’s journey to becoming a global technology leader.

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How to capitalize on ‘Trustworthy AI’

CIO

When a new wave of technology innovation seems to be breaking over the horizon, the fear of missing out — FOMO — can drive hasty decisions on new IT investments. It thrust into the spotlight the potential of generative AI to revolutionize customer interactions, generate images from text input , and even automate software coding. “The

Capital 539
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Kyndryl reportedly in talks to buy DXC Technology

CIO

Managed infrastructure services provider Kyndryl is considering a bid for competitor DXC Technology, Reuters reported Monday, citing people familiar with the matter. DXC is divided into two major segments, global infrastructure services and global business services.