logo
The Future of AI in the AEC Industry Unveiled at BST Global's 2025 AI Summit

The Future of AI in the AEC Industry Unveiled at BST Global's 2025 AI Summit

National Post03-06-2025
Article content
TAMPA, Fla. — BST Global, the leading provider of AI-powered project intelligence ™ solutions for the AEC industry, hosted its second annual AI Summit, May 6–8, 2025, in Palm Beach, FL. The premier event brought together 12 thought leaders from some of the world's most influential firms, including Arcadis, Arup, AtkinsRéalis, Gensler, GHD, Jacobs, Mott MacDonald, NVIDIA, Parsons, Stantec, and WSP to share insights on how AI is reshaping the future of the AEC industry. Attendees as well as the broader AEC community praised the 2025 AI Summit for its timely content and line-up of industry trailblazers.
Article content
Article content
'AI is certainly at work. We've seen immense progress in real AI and big data use cases since our inaugural event in 2024, but there is still work to do.'
Article content
This year's AI Summit focused exclusively on the evolving role of artificial intelligence in AEC, aiming to equip industry leaders with the knowledge and strategies they need to navigate a data-driven, AI-powered future. AI Summit attendees engaged in a dynamic agenda of keynotes, panel discussions, presentations and networking sessions.
Article content
A major highlight of the event was the debut of the 'AI + Data Insights 2025: Global AEC Industry Report,' based on findings from BST Global's AI + Data Survey. The report underscores the urgent need for firms to embrace AI while managing the associated risks and closing the digital skills gap. Download the full report here.
Article content
For the first time, the AI Summit featured a Voice of the Client panel, spotlighting perspectives from Aldar Properties PJSC and GE Vernova. These client leaders shared how they're implementing AI across their organizations and what they expect from their AEC partners in the years ahead.
Article content
As the second AI Summit concluded, Chief Executive Officer Javier A. Baldor shared key observations about the state of the industry: 'AI is certainly at work. We've seen immense progress in real AI and big data use cases since our inaugural event in 2024, but there is still work to do. Our industry is in the process of a transformation, one that will upend the industry's underlying business model and reimagine the future of work, but make no mistake — that transformation will happen.'
Article content
The 2025 AI Summit reaffirmed BST Global's commitment to leading the AI conversation within the AEC space and facilitating the collaboration necessary to move the industry forward. Event recordings and presentations are available here.
Article content
BST Global also announced its plans for a third AI Summit in 2026. AEC leaders interested in attending next year's AI Summit can sign up to receive registration alerts.
Article content
BST GLOBAL
Article content
Article content
Article content
Article content
Article content
Article content
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The Top Performing S&P 500 Stocks of 2025: Can Momentum Sustain?
The Top Performing S&P 500 Stocks of 2025: Can Momentum Sustain?

Globe and Mail

time26 minutes ago

  • Globe and Mail

The Top Performing S&P 500 Stocks of 2025: Can Momentum Sustain?

It's been another great year for stocks so far, with the resilience notable given tariff-induced fears among other economic concerns. And leading the pack for the S&P 500 this year is none other than AI-favorite Palantir PLTR, energy titan GE Vernova GEV, and gold miner Newmont NEM. As shown below, all three have soared YTD, heavily outpacing the S&P 500's also impressive 9% gain. Let's take a closer look at what's been driving the positivity. Palantir Remains Perfect Palantir has rapidly become one of the top AI stocks for investors, with robust quarterly results stemming from red-hot demand paving a highly positive outlook. US commercial revenue grew 93% YoY throughout its latest period, with US government revenue also up an impressive 53%. Total sales grew 48% year-over-year. Below is a chart illustrating Palantir's sales on a quarterly basis. While shares are undoubtedly expensive, the growth can't be ignored, with consensus expectations for its current fiscal year suggesting 60% EPS growth on 45% higher sales. Analysts have raised their EPS expectations across the board, a bullish sign concerning near-term price action. Newmont Posts Record Cash Flows Newmont, one of the world's largest producers of gold, has benefited significantly from the rise in gold. The favorable operating environment has led analysts to revise their EPS expectations notably higher across the board, with the stock also sporting the highly-coveted Zacks Rank #1 (Strong Buy). The average gold price per oz reached $3,320 throughout Newmont's latest period, melting higher from the $2,347 mark in the same period last year. Free cash flow of $1.7 billion throughout the period was the company's highest read ever. As shown below, the company's cash-generating abilities have been a notable boost over recent periods. The amplified cash-generating abilities bring about many positives, such as increased dividends and buybacks. And speaking of buybacks, NEM announced an additional $3 billion repurchase program, further adding to the positivity. GEV Raises Guidance GE Vernova similarly posted robust results in its latest release, raising revenue, adjusted EBITDA margin, and free cash flow guidance for its current fiscal year. The company is an energy equipment manufacturing and services company, benefiting nicely from increased demands for power as we increasingly wade into the digital era. Analysts have taken note of its favorable position, raising their EPS expectations across the board. The company is expected to see 44% sales growth on 6% higher earnings in its current fiscal year. Notably, GEV's orders grew 4% organically year-over-year, also reporting $5.2 billion sequential backlog growth. And to top it off, GEV enjoyed margin expansion thanks to volume, price, and productivity, more than offsetting its investments and the impact of tariffs. Below is a chart illustrating the company's sales on a quarterly basis. Bottom Line All three stocks above have helped lead the S&P 500 in 2025, reflecting the top three gainers. All three companies have benefited big from favorable operating environments, with red-hot demand for Palantir PLTR and GE Vernova GEV keeping outlooks bullish. A serious rise in gold prices has similarly benefited Newmont NEM, with its quarterly results reflecting the trend. Given their positive EPS outlooks, all three stocks look to remain strong in the near-term. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM): Free Stock Analysis Report Palantir Technologies Inc. (PLTR): Free Stock Analysis Report GE Vernova Inc. (GEV): Free Stock Analysis Report

Intel Rises 7.9% in the Past Year: Should You Buy the Stock?
Intel Rises 7.9% in the Past Year: Should You Buy the Stock?

Globe and Mail

timean hour ago

  • Globe and Mail

Intel Rises 7.9% in the Past Year: Should You Buy the Stock?

Intel Corporation INTC has increased 7.9% over the past year compared with the industry 's growth of 48%. It has underperformed compared to the Zacks Computer & Technology sector and the S&P 500. The company has also underperformed its competitors like Advanced Micro Devices AMD but outperformed Qualcomm Incorporated QCOM. AMD has surged 31.2%, while Qualcomm has decreased 7.3% during this period. INTC's Key Growth Drivers Intel's client computing group is benefiting from solid demand for AI PCs. AI PCs support seamless AI native software integration, optimize performance of AI native applications leveraging superior central processing unit, graphics processing unit and the new neural processing unit capabilities. Moreover, AI PC's on-device AI processing support a wide range of cutting-edge tools, simplifying workflow and boosting efficiency. Hence, organizations across industries are rushing to incorporate AI PCs across their operations to drive productivity and support highly demanding workloads. With the leading-edge AI chips offering, like Intel Core Ultra processors, Intel is well positioned to gain from this AI PC boom. The company aims to ship 100 million AI PCs powered by its chips in 2025. Intel is witnessing strong momentum in the Asia-Pacific region, where collaboration with leading manufacturers such as Lenovo, ASUS and Huawei is driving growth. Growing market traction of XEON 6 processors is a major growth driver in the Data Center and AI Group. The company recently introduced three new Xeon 6 CPUs with Performance-cores engineered to support GPU-accelerated AI systems. Intel's Xeon 6776P was selected by NVIDIA as a host processor for its cutting-edge DGX B300 system. The company is steadily advancing the development of its next-gen client computing processor, Panther Lake, built on Intel 18A. The processor is scheduled to launch in late 2025. Such development highlights Intel's growing prowess in AI and management's strong focus on innovation. This bodes well for long-term growth. Its stringent cost-cutting efficiency and strategic divestiture to optimize portfolio and business operations are commendable. The company recently divested a part of Mobileye, raising $922 million in capital, and it is also set to sell the Altera business. These initiatives will streamline operations and improve its balance sheet. Major Challenges for Intel Intel's growth prospects are impacted by intense competition from other prominent players. Growing demand for AMD's Ryzen is impacting net sales in Intel's Client Computing Group. Qualcomm has also made inroads in the AI PC space with its Snapdragon X Elite processor. This can pose a significant challenge to Intel's AI PC strategy in the near term. Its Foundry business is affected by fierce competition from TSMC. Per our estimate, Intel's client computing group is expected to generate $30.42 billion in revenues, indicating an 8.8% year-over-year decline, while revenues from the foundry business are expected to remain flat year over year. Intel generates a significant portion of its revenue from China. China accounted for more than 29% of Intel's total revenues in 2024, making it the single largest market for the company. Tariff-related uncertainties amid high geopolitical tension between the United States and China remain a major concern. The U.S. Government's new 90-day tariff truce for China may provide temporary relief, but it is to be seen whether this truce can be sustained in the long run or not. Intel is growing through a structural and operational realignment process. The high restructuring and impairment charges incurred during the process are weighing on margins. Estimate Revision Trend of INTC Earnings estimates for Intel for 2025 have moved down 48.28% to 15 cents over the past 60 days, while the same for 2026 has declined 10.53% to 68 cents. The negative estimate revision depicts bearish sentiments for the stock. Key Valuation Metric for Intel From a valuation standpoint, Intel appears to be relatively cheaper than the industry and below its mean. Going by the price/sales ratio, the company shares currently trade at 1.79 forward sales, lower than 16.28 for the industry. End Note Intel is taking various initiatives to gain a firmer footing in the expansive AI sector. Major PC OEMs, such as ASUS, Dell, HP and Lenovo, have already opted to deploy Intel AI chips. The company's XEON 6 is also gaining traction across industries. Companies like AT&T, Verizon, Samsung, and Ericsson are leveraging Xeon 6 for network transformation and AI acceleration. Growing demand for Intel AI chips bodes well for long-term growth. The company's strong focus on innovation is a tailwind. Strategic divestitures, cost-cutting initiatives to optimize its portfolio and streamline operations are positive factors. However, the company is still playing a catch-up game with AMD in the AI front. Qualcomm has also emerged as a strong player in the AI PC domain. These factors will hinder Intel's growth prospects. Downward estimate revision highlights dwindling investors' confidence. Despite growing investment in advanced chip development, regaining a competitive edge over rivals appears to be a challenging endeavor for Intel. The company currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. See our %%CTA_TEXT%% report – free today! 7 Best Stocks for the Next 30 Days Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Intel Corporation (INTC): Free Stock Analysis Report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report

Morgan Stanley Stock Touches All-Time High: Should You Invest?
Morgan Stanley Stock Touches All-Time High: Should You Invest?

Globe and Mail

timean hour ago

  • Globe and Mail

Morgan Stanley Stock Touches All-Time High: Should You Invest?

Amid the broader stock market rally yesterday, Morgan Stanley MS shares touched an all-time high of $148.23 during the trading session to finally close at $147.29. The rally came after the release of the latest inflation report, which suggests that core inflation increased 3.1% year over year in July 2025, more than June's 2.9% rise. As Wall Street digests the inflation data, investors have become more optimistic about a Fed rate cut next month, which drove the market rally. In the past 3 months, Morgan Stanley shares have gained 12.4%, outperforming the S&P 500 Index's 8.8% rise and its industry 's 11.3% growth. While MS has performed better than its peer, Bank of America BAC, it has underperformed another close competitor, Citigroup C. The BAC stock has moved up 6.2%, whereas shares of Citigroup have rallied 27.2% in the same time frame. Price Performance Does the MS stock have more upside left despite hitting an all-time high? Let us find out. What's Aiding Morgan Stanley's Performance? Increased Focus on Wealth & Asset Management Operations: Morgan Stanley has lowered its reliance on the capital markets for income generation. It has now been focusing on expanding its wealth and asset management operations. The acquisitions of Eaton Vance, E*Trade Financial and Shareworks are steps in this direction. These moves have bolstered the company's diversification efforts, enhanced stability and created a more balanced revenue stream across market cycles. The wealth and asset management businesses' aggregate contribution to total net revenues jumped to more than 55% in 2024 from 26% in 2010. We project both segments' total contribution (in aggregate) to the top line to be 53.8% in 2025. The wealth management segment's total client assets witnessed a five-year (2019-2024) compound annual growth rate (CAGR) of 18.1%, while the investment management segment's total assets under management saw a CAGR of 24.7% over the same period. The upward momentum is expected to continue as the operating environment becomes more favorable. Strategic Alliances: MS's partnership with Mitsubishi UFJ Financial Group, Inc. will likely keep supporting its profitability. In 2023, the companies announced plans to deepen their 15-year alliance by merging certain operations within their Japanese brokerage joint ventures. The new alliance saw combined Japanese equity research, sales and execution services for institutional clients at Mitsubishi UFJ Morgan Stanley Securities and Morgan Stanley MUFG Securities. Also, their equity underwriting business has been rearranged between the two brokerage units. These efforts will solidify the company's position in Japan's market. Also, this has helped the company achieve record equity net revenues, particularly in Asia, through outperformance in prime brokerage and derivatives, led by solid client activity amid heightened volatility. The company's Asia region revenues jumped 28% year over year to $4.65 billion in the first half of 2025. Solid Balance Sheet & Capital Position: Morgan Stanley has a solid balance sheet. As of June 30, 2025, the company had long-term debt of $320.1 billion, with $23.8 billion expected to mature over the next 12 months. The company's average liquidity resources were $363.4 billion as of the same date. MS's capital distribution plans have been impressive. Following the clearance of the 2025 stress test, it announced an 8% hike in quarterly dividend to $1.00 per share and reauthorized a multi-year share repurchase program of up to $20 billion (no expiration date). The company has increased its dividend five times in the last five years, with an annualized growth rate of 22.8%. Given a solid liquidity position and earnings strength, Morgan Stanley is expected to be able to continue with efficient capital distribution activities, thereby enhancing shareholder value. What's Hurting MS's Growth Rising Expense Base: Despite Morgan Stanley's restructuring and streamlining efforts that resulted in achieving its cost savings target of $1 billion in 2017, overall expenses have been increasing. Though expenses declined in 2022, the metric witnessed a five-year (ended 2024) CAGR of 7.8%. The rising trend continued in the first half of 2025. Expenses are expected to remain elevated on the steady increase in revenues (leading to higher compensation costs) and inflation, as well as the company's investments in franchise and inorganic growth efforts. Expense Trend Reliance on Trading Revenues: Morgan Stanley's over-dependence on trading revenues is worrisome. While sales and trading revenues improved in 2021, 2022 and 2024, they declined in 2023. Because of the uncertainty surrounding the tariff plans, trading revenues increased again in the first half of 2025. However, the volatile nature of the business and the expectation that it will gradually normalize toward the pre-pandemic level are likely to make growth challenging in the upcoming quarters. How to Approach Morgan Stanley Stock Now MS's efforts to become less dependent on capital markets-driven revenues, its inorganic expansion efforts/strategic alliances, along with relatively high rates, are expected to support financials. Moreover, supported by a solid balance sheet position, the company is expected to be able to meet near-term debt obligations, even if the economic situation worsens. Analysts seem to be bullish regarding MS's earnings growth prospects. Over the past 30 days, the Zacks Consensus Estimate for the company's 2025 and 2026 earnings has moved upward. The estimates reflect year-over-year growth rates of 10.9% for 2025 and 8% for 2026. Earnings Estimates However, rising expenses, given higher compensation costs and inorganic growth efforts, will likely hurt the company's profitability in the near term. High reliance on trading revenues is another headwind. Hence, investors should not rush to buy the MS stock now; instead, they should keep this Zacks Rank #3 (Hold) stock on their radars and wait for an attractive entry point. Those who already own the MS stock in their portfolio can retain it because it is less likely to disappoint over the long term. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. See our %%CTA_TEXT%% report – free today! 7 Best Stocks for the Next 30 Days Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Morgan Stanley (MS): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store