Tag: firms
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Indian IT firms face muted Q1 as AI shift, weak demand weigh
BENGALURU, July 6 : India’s top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.The April-to-June quarter is usually a strong one for India’s
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Intense AI use still rare among euro zone firms, ECB researchers find
FRANKFURT, June 24 : Only a small fraction of euro zone firms use artificial intelligence intensely and they tend to be small, young, service-oriented companies, leaving plenty of room for diffusion, a European Central Bank blog post said on Wednesday.The vast majority of firms now say they have been using AI
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French mid-sized firms adopt AI but see few gains, survey shows
June 23 : Generative AI use is spreading quickly among French mid-sized companies, but most have yet to report clear productivity benefits, according to a survey by state-backed investment bank Bpifrance.Bpifrance said in its annual barometer of Entreprises de Taille Intermédiaire, or ETIs, that 77 per cent
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UN chief calls on AI firms to come clean on environmental costs
LONDON, June 23 : The United Nations called on major artificial intelligence companies on Tuesday to publicly disclose the full environmental cost of their data centres and use renewable power, as he launched a transparency initiative for the sector.The rapid development of data centres globally to fuel the A
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