New millionaires minted from AI and SpaceX stock gains are reshaping luxury spending, buying meteorites, fire trucks, and sports teams instead of traditional luxury goods. The personal luxury market h…
Generative AI faces a potential US$800 billion revenue shortfall, with minimal productivity gains and high operating costs, raising doubts about its long-term value. OpenAI and other firms struggle to…
Consulting firm Bain & Company is using AI-generated replicas of acquisition targets' software, a practice called vibecoding, to help potential buyers assess how easily a company's technology could be…
Italian startup Seltz raised $12.5 million in seed funding led by Speedinvest and B Capital to build an AI-native search engine designed for AI agents and chatbots, offering structured data via APIs i…
Bain & Company is using AI coding tools to recreate parts of software acquisition targets' products during private equity due diligence, challenging the defensibility of software moats. The practice, …
Bain & Company is using generative AI to rapidly clone software products for due diligence, building hundreds of prototypes via 'vibe coding' to assess whether acquisition targets have defensible moat…
Consulting firms are hiring entry-level workers despite AI disruption, with salaries remaining stable. Bain & Company offers a base salary of $112,000, Boston Consulting Group $110,000, McKinsey & Com…
A study from Princeton and the University of Washington found that AI shopping agents frequently recommend more expensive sponsored products over cheaper, better-matched alternatives. Testing 23 langu…
Google DeepMind has announced partnerships with Accenture, Bain & Company, BCG, Deloitte, and McKinsey to accelerate AI adoption across industries. The collaboration aims to address a significant adop…