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Google Cloud growth slows as Alphabet net income plunges

CIO

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion, up just 1% from $75.3

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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO

One of the main difficulties is calculating ROI to convince CFOs to approve budgets, and this challenge is also present when considering AI adoption, according to Abhishek Gupta, CIO of Dish TV. Quantifying tangible benefits such as cost savings, productivity improvements, and top-line growth is relatively straightforward.

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Indian edtech giant Byju’s cuts 2,500 jobs

TechCrunch

Indian edtech giant Byju’s said on Wednesday it will eliminate 5% of its workforce, or about 2,500 roles, across multiple departments and is cutting its marketing budgets as it looks to improve its finances and achieve profitability by end of the current financial year. The startup, which posted a net loss of $577.4

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Low-code: An Accelerator for Digital Transformation

CIO

Digital transformation is expected to be the top strategic priority for businesses of all sizes and industries, yet organisations find the transformation journey challenging due to digital skill gap, tight budget, or technology resource shortages. Reporting and analytics. Cloud hosting options.

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The new CFO: How AI has changed the game for chief financial officers

CIO

Nearly half of the companies (47%) recently surveyed by CNBC say that AI is their top priority for tech spending over the next year, and AI budgets are more than double the second-biggest spending area in tech, cloud computing, at 21%. For the CFOs at the center of that transformation, the stakes are higher than ever.

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Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

TechCrunch

Haje The TechCrunch Top Story Regulators stepping in : Natasha M reports that the bank and its 17 branches were closed by the California Department of Financial Protection and Innovation. Get out while you can : Natasha M and Alex reported that VC firms started advising their portfolio companies to move money out of SVB (TC+).

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Accelerate Sustainable Digital Transformation in the Oil & Gas Industry

CIO

In response, oil and gas majors are making headway in terms of carbon reporting, net-zero targets, and accountability. Many companies have budget or purchasing policy constraints or do not need the latest top-performing equipment. Many have even spun up renewable energy arms.