According to a Bain & Company press release cited in the article, 88% of business transformations fail to achieve their original ambitions, and the author argues that AI projects often underperform du…
Albertsons reported that online shoppers are spending up to 26% more after the grocery chain rolled out AI tools last year, with Senior Vice President of Digital Shopping Experiences Jill Pavlovich ci…
Consulting firm McKinsey & Company says the greater near-term risk for US power companies is building too little capacity for datacenter demand, even if the AI bubble deflates. Datacenters will accoun…
Amazon's AI shopping assistant Rufus, which handles over $12 billion in annualized sales, now directs shoppers to buy products from brands outside Amazon's marketplace through its Buy for Me feature, …
The corporate fad of 'tokenmaxxing' — maximizing AI token usage as a productivity metric — is fading as workplaces face soaring costs without proportional gains, according to a report from the Associa…
OpenAI CFO Sarah Friar says CFOs should measure AI value by tracking 'useful intelligence per dollar' rather than model specs or cost per token, and outlines four questions to assess AI investments. A…
Forrester research warns that software costs are set to rise as vendors like Microsoft, OpenAI, and Anthropic shift to usage-based billing driven by AI expenses. The survey of over 2,600 decision-make…
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…