A Third of Global CIOs Warn of Unrealistic Board Expectations as The World Bets Big on AI, According to Expereo
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LONDON — A third of global technology leaders believe their board has unrealistic expectations or demands on how new technologies like AI will impact business performance. This is according to an IDC InfoBrief*, commissioned by Expereo, which highlights serious roadblocks to global AI implementation, despite AI being considered critical to fulfilling business priorities.
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The research of 650 technology leaders in global organizations across Europe, the US and APAC reveals that 34% of global technology leaders have been forced to reassess their technology infrastructure because of rising geopolitical risks, as 37% say geopolitical disruptions are currently impacting their organization's growth strategies.
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Amid the volatile economic backdrop, it seems most organizations are placing their bets on AI to drive growth. The research shows that 87% of business leaders believe AI will be important to fulfilling business priorities in the next 12 months.
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The IDC InfoBrief, sponsored by Expereo, 'Enterprise Horizons 2025: Technology Leaders Priorities: Achieving Digital Agility', reveals that AI has largely met or exceeded expectations to date, with only 12% of global businesses saying AI has fallen short of expectations. Global tech leaders agree that AI will positively impact business, particularly customer-facing activities and costs (both at 66%). However, unrealistic board expectations could throw organizations' AI plans into chaos, as 28% of global technology executives say expectations within their organization of what AI can do are growing faster than their ability to meet them.
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Ben Elms, CEO, Expereo, comments: 'As global businesses embrace AI to transform employee and customer experience, setting realistic goals and aligning expectations will be critical to ensuring that AI delivers long-term value, rather than being viewed as a quick fix. While the potential of AI is immense, its successful integration requires careful planning. Technology leaders must recognize the need for robust networks and connectivity infrastructure to support AI at scale, while also ensuring consistent performance across these networks. We are at a pivotal moment where strategic investments in technology and IT infrastructure are necessary to meet both current and future demands.'
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The research paints a positive picture for the promise of AI, but only if businesses can overcome existing challenges. The majority (52%) of organizations say their network/connectivity infrastructure is not ready to support new technology initiatives, such as AI. A further 45% say their network performance is preventing or limiting their organization's networks from supporting large data/AI projects (up from 38% in 2024).
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42% of global businesses also say concerns over AI governance or ethics remain a significant obstacle to implementing AI initiatives in their organization, followed by resistance from employees regarding their jobs (35%), and keeping up with the pace of change (34%).
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Meanwhile, 29% of global businesses say current external technology partners not having the right capabilities remains a significant obstacle to implementing AI initiatives in their organization.
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Despite these challenges, 79% of global technology leaders believe the focus on AI has raised their profile at the board level, up from 60% in 2024.
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Expereo is a world-leading Managed Network as a Service provider that connects people, places, and things anywhere. Solutions include Global Internet, SD-WAN/SASE, and Enhanced Internet. With an extensive global reach, Expereo is the trusted partner of 60% of Fortune 500 companies. It powers enterprise and government sites in more than 190 countries, with the ability to connect to any location worldwide, working with over 2,300 partners to help customers improve productivity and empowering their networks and cloud services with the agility, flexibility, and value of the Internet, with optimal network performance.
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Globe and Mail
an hour ago
- Globe and Mail
Billionaire Money Managers Are Selling Nvidia Stock Hand Over Fist, With One Notable Exception
For the last two and a half years, no trend has captivated more attention or capital from investors than artificial intelligence (AI). With AI, software and systems are capable of making split-second decisions without the need for human intervention. This is a technology with seemingly limitless long-term potential. With AI offering some form of utility in virtually all industries around the globe, the analysts at PwC pegged its worldwide impact on gross domestic product by 2030 at $15.7 trillion. A figure this massive ensures there will be a long list of winners. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » No company has been a more direct beneficiary of the evolution of AI than Nvidia (NASDAQ: NVDA), whose market cap skyrocketed by more than $3 trillion in less than two years. But what's interesting is how Wall Street's most prominent billionaire money managers have approached Nvidia stock. Specifically, billionaire investors have been selling shares of Nvidia hand over fist... with one notable exception. Billionaire Chase Coleman continues to load up on Nvidia No later than 45 calendar days following the end to a quarter, institutional investors overseeing at least $100 million in assets are required to file Form 13F with the Securities and Exchange Commission. This filing details for investors which stocks Wall Street's smartest money managers were buying and selling in the latest quarter. Whereas most billionaires have been persistent sellers of Nvidia stock (a topic I'll touch on a bit later), Tiger Global Management's billionaire chief Chase Coleman has been the exception. Accounting for Nvidia's historic 10-for-1 forward split that was enacted in June 2024, Coleman's fund has expanded its stake in the company from 9,683,550 shares, at the end of 2023, to 10,967,550 shares, as of the end of March 2025. Coleman's investment strategy has historically focused on a mix of large- and small-cap growth stocks, with a tendency to lean into next-big-thing trends and innovations. The rise of artificial intelligence certainly fits the mold of a game-changing trend that would interest Tiger Global's billionaire investor. Chase Coleman choosing to expand his fund's exposure to Nvidia likely has to do with one or more of the following four factors. First, Nvidia's share of the graphics processing unit (GPU) market in high-compute data centers can be described as monopoly like. Businesses have lined up to purchase Nvidia's Hopper (H100) and successor Blackwell GPUs, and there's been no evidence that demand for these products has slowed. Wall Street tends to reward companies with perceived-to-be sustainable moats. Secondly, AI-GPU scarcity has been working in Nvidia's favor. Even with Wall Street's AI darling and other direct competitors pushing out as many GPUs as possible, the chip fabrication supply chain is currently maxed out. With demand heavily outpacing the supply of AI-GPUs, Nvidia has been able to charge a triple-digit percentage premium for Hopper and Blackwell, relative to some of its direct rivals. This helped to lift Nvidia's gross margin above 70%. The third factor that likely played a role in enticing Coleman to expand his fund's Nvidia stake is CEO Jensen Huang's ambitious innovation timeline. Huang is overseeing the debut of a new advanced AI chip on an annual basis. Blackwell Ultra (second-half of 2025), Vera Rubin (second-half of 2026), and Vera Rubin Ultra (second-half of 2027) are next in line after the ultra-popular Blackwell chip. Nvidia looks to be in no danger of ceding its clear-cut compute advantages in AI-accelerated data centers. Fourth and finally, Nvidia stock tumbled at times during the first quarter, which may have brought its forward-year earnings multiple down to a level that intrigued Coleman. Most billionaire money managers have been persistent sellers of Nvidia stock -- here's why However, Chase Coleman's actions are out of the ordinary among billionaire fund managers. Since Nvidia stock kicked off its historic run-up, most billionaires have pared down their exposure to the AI colossus or completely exited their respective positions: Stanley Druckenmiller of Duquesne Family Office sold all 9,500,750 shares of Nvidia stock between June 30, 2023 and Sept. 30, 2024. Stephen Mandel of Lone Pine Capital dumped all 6,416,490 shares between June 30, 2023 and June 30, 2024. David Tepper of Appaloosa shed 97% of his fund's stake (9.95 million shares sold) in Nvidia since Sept. 30, 2023. Philippe Laffont of Coatue Management has sent over 41.2 million shares to the chopping block since March 31, 2023 and reduced his fund's holdings by 83%. Israel Englander of Millennium Management, who regularly hedges with put and call options, has trimmed nearly 28.3 million shares (a 75% reduction) since Sept. 30, 2023. This persistent selling activity may well be explained by nothing more than simple profit-taking. We've never witnessed a megacap stock gain $3 trillion in market cap in less than two years before, which has offered plenty of opportunity for billionaires to cash in their chips. But there may be more to this consistent selling than just a desire to take profits. For example, competition is inevitable in AI-accelerated data centers. Even if Nvidia continues to be the preferred option in high-compute data centers, it's unlikely to retain its monopoly like market share as direct competitors ramp up their GPU production. Growing competition looks to be weighing on Nvidia's superior gross margin. NVDA Gross Profit Margin (Quarterly) data by YCharts. What's potentially more worrisome is that most members of the "Magnificent Seven" are internally developing AI chips to use in their data centers. While these GPUs are no threat to Nvidia's compute advantages, they are notably cheaper and not backlogged due to demand. The mere presence of these chips means less future opportunity for Nvidia's hardware, as well as less in the way of premium pricing power. There's also the very real possibility of Jensen Huang's accelerated innovation timeline hurting, not, helping, his company. Though bringing a new chip to market annually will cement its compute advantage, it has the potential to quickly depreciate the value of prior-generation chips. Wagering on Nvidia's largest customers to upgrade their hardware on an annual or near-annual basis is risky and may not pay off. Perhaps the biggest concern for a majority of billionaire money managers selling Nvidia stock is the prospect of history rhyming. Every game-changing trend and innovation for more than three decades has endured an eventual bubble-bursting event early in its expansion. This is due to investors overestimating the mainstream adoption and/or utility of a new technology or innovation. Considering that most businesses aren't generating a positive return on their AI investments, nor have they optimized their AI solutions, it looks to be a matter of time before the AI bubble bursts. If history were to rhyme, no company would be expected to take it on the chin more than Nvidia. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor 's total average return is996% — a market-crushing outperformance compared to174%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025


Globe and Mail
6 hours ago
- Globe and Mail
Xtract One Technologies Inc. Announces $7 Million 'Bought Deal' Public Offering
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES BASE SHELF PROSPECTUS IS ACCESSIBLE AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE ON SEDAR+ WITHIN TWO BUSINESS DAYS TORONTO, June 11, 2025 (GLOBE NEWSWIRE) -- June 11, 2025 – Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL), a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, (the " Company" or " Xtract One") is pleased to announce that it has entered into an agreement with Ventum Capital Markets (the " Underwriter") pursuant to which the Underwriter has agreed to purchase 18,000,000 units (the" Offered Securities") from the treasury of the Company, at a price of $0.39 per Unit (the ' Issue Price ') and offer them to the public by way of prospectus supplement for total gross proceeds of $7,020,000 (the " Offering"). Each Unit will consist of one common share of the Company (each a ' Common Share ') and one common share purchase warrant (each full warrant, a ' Warrant ' and collectively the ' Warrants '). The Company has granted the Underwriter an option to purchase up to an additional 15% of the Offered Securities at the Issue Price. The Over-Allotment Option may be exercised in whole or in part to purchase Offered Securities as determined by the Underwriter upon written notice to the Company at any time up to 30 days following the Closing Date (the ' Over-Allotment Option '). The Company intends to use the net proceeds of the Offering for working capital and general corporate purposes. The Offered Securities will be offered (i) by way of a prospectus supplement to the base shelf prospectus of the Company dated February 6, 2024 (the ' Base Shelf Prospectus ') to be filed in all provinces and territories of Canada, except Quebec (the ' Prospectus Supplement '); (ii) may be distributed in the United States to Qualified Institutional Buyers (as defined in Rule 144A under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act ')) pursuant to an exemption under Rule 144A; and (iii) may be distributed outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company's securities under domestic or foreign securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The Offering is expected to close on or about June 18, 2025, or such other date as the Company and the Underwriter may agree, and is subject to customary closing conditions, including the approval of the securities regulatory authorities and the Toronto Stock Exchange. Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendments thereto are provided in Canada in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus supplement and any amendment to such documents. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days from the date hereof), accessible through SEDAR+ at An electronic or paper copy of the Prospectus Supplement, the Base Shelf Prospectus and any amendment thereto may be obtained, without charge, from Ventum Financial Corp., or email at ecm@ by providing the contact with an email address or address, as applicable. About Xtract One Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved 'Walk-right-In' experiences while enhancing safety. Xtract One's innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit or connect on Facebook, X, and LinkedIn. About Threat Detection Systems Xtract One solutions, when properly configured, deployed, and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today's world, no threat detection system is 100% effective. Xtract One solutions should be utilized as one element in a multilayered approach to physical security. For further information, please contact: Xtract One Inquiries: info@ Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@ Investor Relations: Chris Witty, Darrow Associates, 646-438-9385, cwitty@ Forward-Looking Information This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including, without limitation, statements regarding the anticipated completion of the Offering, intended use of proceeds from the Offering, future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are 'forward-looking statements'. Forward-looking statements can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'estimates', 'intends', 'anticipates' or 'does not anticipate', 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, among others, the Company's limited operating history and lack of historical profits; risks related to the Company's business and financial position; fluctuations in the market price of the Company's Common Shares; that the Company may not be able to accurately predict its rate of growth and profitability; the failure of the Company and/or the Underwriter to satisfy closing conditions to the Offering; whether the Over-Allotment Option will be exercised; the failure of the Company to satisfy certain TSX additional listing requirements in respect of the Offered Securities; the failure of the Company to use any of the proceeds received from the Offering in a manner consistent with current expectations; reliance on management; the Company's requirements for additional financing, and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with research and development institutions, clients and suppliers. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no intention to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason, except as required by law.

National Post
8 hours ago
- National Post
VeriSilicon's AI-ISP Custom Chip Solution Enables Mass Production of Customer's Smartphones
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