Cognizant ai chief has one word for trillion dollar wipeout in stock market triggered by anthropic39s claude ai tools.jpg

Cognizant AI chief has one word for trillion-dollar wipeout in stock market triggered by Anthropic’s Claude AI tools

Image credit: X (Twitter) Cognizant‘s chief AI officer, Babak Hodjat, has described concerns that artificial intelligence will disrupt IT services companies as “overblown.” This comes after Anthropic’s Claude AI tools wiped out more than a trillion dollars from the stock market. Speaking to Reuters, Hodjat said enterprises still require significant support to deploy, integrate, and…

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Nvidia CEO Jensen Huang to everyone saying software is dead: AI Agents will not replace software tools, but will …

Nvidia CEO Jensen Huang (File photo) Pushing back on fears of AI cannibalizing the software industry, Nvidia CEO Jensen Huang said that the markets miscalculated the threat and that the markets “got it wrong”. Speaking in an interview with CNBC’s Becky Quick, Jensen Huang said investors have “got it wrong” by assuming AI agents will…

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After IBM’s worst day on stock market, IBM senior vice-president Rob Thomas to everyone betting on AI: New AI tools emerge every week, what they do not change is …

IBM or International Business Machines Corp had its worst day on stock market in more than 25 years on Monday, February 23. The 100-year-old IT giant saw its market value plunge by billions on fears that a new tool from Anthropic could up-end its dominance of corporate IT. The carnage started after AI startup Anthropic…

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Infosys CEO Salil Parekh on AI tools replacing engineers: It is not that overnight everything is going to be replaced as in large companies …

Software engineers can heave a sigh of relief. Your job may get changed/altered a bit, but it is not going anywhere according to the CEO of India’s second-biggest IT company Infosys. In an interview to Economic Times, Infosys CEO Salil Parekh spoke about a range of issues including the impact of AI tools on the…

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AWS reported outage: Amazon claims it was ‘coincidence’ that AI tools were involved and that the …

Amazon Web Services (AWS) experienced at least two outages in the past few months. These outages were reportedly linked internally to the use of its own AI coding tools. This led the company to a closer examination of how these assistants are being deployed across its operations. A report claims that the biggest cloud service…

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24-hour trades, hedging tools: RBI to rejig forex market rules

MUMBAI: Increased opportunities to hedge foreign exchange risk and longer trading hours are at the heart of a proposed overhaul by RBI to liberalise access to currency markets.The draft framework broadens the different types of derivatives that banks (authorised dealers) may offer to individuals and firms, extending hedging tools for currency and interest-rate exposures. Trades…

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Microsoft chief commercial officer judson althoff shares tips with salespeople on how to tell customers to buy microsoft tools and not openais .jpg

Microsoft Chief Commercial Officer Judson Althoff shares tips with salespeople on how to tell customers to buy Microsoft tools and not OpenAI’s …

Microsoft Chief Commercial Officer Judson Althoff is teaching the company’s sales team new ways to compete with rival OpenAI products. As artificial intelligence (AI) reshapes the enterprise software industry, Althoff is showing the software giant’s salespeople how to position the company’s AI agent tools against OpenAI’s competing product. In an email, Althoff provided talking points…

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World’s oldest wooden tools found in Greece push early human technology history back | World News

This undated image provided by Katerina Harvati shows a 430,000 year old wooden tool from Greece that was possibly used for digging. (Katerina Harvati, Dimitris Michailidis via AP) Archaeologists working in southern Greece have identified wooden tools that appear to be the oldest of their kind ever found. The objects were recovered at the Marathousa…

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