Palihapitiya notes Infosys cut revenue forecast as enterprises shift budgets from outsourced hours to controllable AI
“Infosys cut its revenue forecast this week. The reason it gave is that enterprises are moving their budgets out of outsourced hours and into AI they can control. The outsourcing model was built on billing by the hour, which only grows when the work stays slow and manual. So”
Palihapitiya warns EU AI Office can fine 3 percent of global revenue from August 2 for unexplainable systems
“In three days, on August 2, the EU's AI Office can start fining companies up to 3 percent of global revenue, or 15 million euros, for AI systems they cannot explain. The obligations can reach back to violations from August of last year. Most CEOs I talk to are reading that as”
Palihapitiya warns EU AI Office can fine 3 percent of global revenue from August 2 for unexplainable systems
“In three days, on August 2, the EU's AI Office can start fining companies up to 3 percent of global revenue, or 15 million euros, for AI systems they cannot explain. The obligations can reach back to violations from August of last year. Most CEOs I talk to are reading that as”