Latest news with #AI
Yahoo
21 minutes ago
- Business
- Yahoo
Listing in London a ‘bad idea', says British tech giant
The boss of a £1.5bn British AI business said listing in London is 'not a great idea', highlighting the challenge facing the Square Mile as it seeks to attract more tech companies. Victor Riparbelli, the chief executive and co-founder of Synthesia, claimed the UK and Europe had a 'big problem' in securing blockbuster listings, as he stressed that reform is needed to halt an ongoing exodus to the US. 'We have a big problem in Europe,' he said. 'We don't have a stock exchange that is attractive to list on. 'The London Stock Exchange has weird transaction fees and not enough liquidity. It is clearly from a business perspective, not a great idea to list on the London Stock Exchange. That is something I think we should try and fix.' He said that while a UK listing made sense for companies focused on domestic customers, those with a global reach were more likely to look across the Atlantic. He added: 'There are structural issues around listing in the UK that do not seem very attractive when we get to that point to go public.' Founded in 2017 by Danish entrepreneur Mr Riparbelli, along with Steffen Tjerrild and computer scientists Lourdes Agapito and Matthias Niessner, Synthesia has grown rapidly by making highly realistic AI avatars. These avatars are used by businesses to create AI videos, with the characters capable of delivering training videos or presentations. They can also be used for marketing videos or customer communications. The start-up was valued at $2.1bn (£1.5bn) earlier this year after raising $180m from investors including US fund NEA, Google Ventures and Nvidia. Mr Riparbelli said Synthesia was still some way off going public, but added: 'We are getting to the stage where we start to think about it.' It comes as Synthesia plots a major expansion in London, recently moving into a new headquarters that could double its headcount to 400. Despite Mr Riparbelli's reluctance to list in London, he insisted that he wanted to keep the company based in the capital. Pressure has been mounting on the London Stock Exchange in recent years after a surge in companies leaving for America. This includes Wise, one of the most valuable technology companies in the UK, which unveiled plans last month to shift its primary listing to New York. Meanwhile, Synthesia was among dozens of AI start-ups earlier this week demanding a freeze on Europe's planned new AI rules, warning they threaten to stymie fast-growing companies. Mr Riparbelli said Brussels was at risk of 'shooting itself in the foot' with overly strict AI regulation, compared to Britain, which has taken a 'health stance'. A spokesman for the London Stock Exchange said it is supportive of plans to scrap some stamp duty fees in Britain, which they said has a 'pervasive impact on liquidity in UK capital markets'. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. Sign in to access your portfolio
Yahoo
22 minutes ago
- Business
- Yahoo
An EY exec tells BI how the consulting firm is helping companies integrate AI this year: 'This idea of up-skilling the entire workforce to use AI, I think it's kind of silly"
Jason Noel is the CTO for EY's Americas Consulting division. Noel told BI how the firm is helping companies think through AI adoption this year. The firm is focusing on the "convergence of digital and human workforces," he said. The rhetoric around AI in the workplace can be vague: Automation, algorithms, productivity, efficiency, decision-making, up-skilling, the list goes on. Between rapid technological progress and the lag of adoption, there's continued uncertainty about how AI will reshape the future of work. Many employees are anxious about their value, for instance. Executives are at once captivated by the potential for profits and worried about keeping up with their competitors. Investors and company boards are frustrated by the losses they've already incurred from not moving fast enough. Consulting firms are often at the heart of it all. From the outset, at least, they've positioned themselves as the go-to experts to help corporations understand and navigate this latest wave of technology. Yet their work can often be as unclear as the technology itself. To demystify it, Business Insider spoke to EY's new chief technology officer for its Americas Consulting division on what AI really means for workers in 2025. There have been comments about cataclysmic unemployment rates that are gonna plunge us into the next Great Depression. I mean, I think it's interesting to think about those alternatives. It's just not what I'm seeing. I think over the next year, you're going to see an increasing uptake in these copilots, these tools like the ChatGPTs and the private and public models, and interjecting some AI capability into existing enterprise applications, and increasing productivity and efficiency. We're thinking a lot about what we're calling the next generation of enterprise applications — interfaces that present people with what they need based on their role, offer key AI insights, and let them act. The AI agents generate suggestions, and the human validates and approves. We're piloting this now with some major clients, and it's been an incredible success. That's how we're thinking about the convergence of digital and human workforces — not just managing them together, but creating systems where AI augments people in a seamless way. If I'm a cruise director on a cruise ship, there are lots of things that impact how my guests enjoy the ship. The makeup of the people on the ship, the weather, what day — if you're on a day at sea, or if you're going to a port — all of that stuff. There's data to be found there on what happens and how the guests behave. I mean like their buying activities, where they like to hang out, those types of things. So, we can harness that information with AI agents to actually understand and predict what's going to happen. We know, for example, that tomorrow's weather is going to be bad, and it's a day at sea. We know historically how all of that affects the movement of people and the consumption of products, whether that be merchandise, food, or beverages. So, we recommend that you take half of the people from this venue and move them to this venue. We recommend moving around products so you don't run out, because we know what demand is going to look like. We recommend redeploying people to do different things in anticipation of this. The AI will turn around and list out and build out that process automatically. The human in the loop says, "Okay, that makes sense," or "I want to change this piece." This is through a very visual, nice interface. They click go, and then there's a chain of orchestration that happens, in which people are notified, leadership is notified, supply chain changes on the ship. They just know that they have a screen and an application that says, "Here's how much stuff you have now of this," and "Here's how many you have coming inbound," maybe. They don't need to know how the technology works. This idea of up-skilling the entire workforce to use AI — I think it's kind of silly. You need to look at the functions — rethink that. That also dovetails into the people part, right? You're not only just giving them technology that's AI-enabled, you're allowing them to start to rethink how they do their job, and how they can be more efficient at the job, and also provide more overall value and capability. Read the original article on Business Insider
Yahoo
25 minutes ago
- Business
- Yahoo
APAC Edge Data Center Market Set to Surge from $6.64B in 2024 to $36.44B by 2034
Regional initiatives and financial incentives are boosting edge infrastructure, while ongoing innovations in modular solutions and cooling technologies mitigate deployment risks. The market segmentation highlights opportunities across various industries and regions, with significant contributions from 5G and AI/ML workloads. Key challenges include standardization, interoperability, and security concerns. The report offers strategic insights for businesses navigating the evolving edge computing landscape, emphasizing partnerships and technological advancements. Asia-Pacific Edge Data Center Market Dublin, June 30, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Edge Data Center Market: Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2025-2034" report has been added to Asia-Pacific edge data center market, valued at $6.64 billion in 2024, is expected to reach $36.44 billion by 2034, exhibiting a robust CAGR of 17.99% during the forecast period 2025-2034. An increasing trend towards low-latency, distributed computing architectures is propelling the APAC edge data-center market, especially as 5G networks, IoT deployments, and smart-city projects spread throughout the region. Edge sites provide millisecond-level response times for data-intensive use cases like autonomous cars, real-time video analytics, AR/VR apps, and industrial automation by relocating compute and storage capabilities closer to endpoints, relieving strain on centralised clouds and core networks. Edge build-outs are becoming a top focus for governments and service providers, from China's "New Infrastructure" program and South Korea's 5G+ Strategy to India's National Digital Communications Policy and Singapore's Smart Nation vision. Capex and opex for operators are being defrayed by subsidies for micro-data-center installations, spectrum allocations for private 5G networks, and advantageous tax treatment for local-build facilities. The requirement for geographically dispersed compute nodes is further highlighted by the use cases' explosive expansion, which ranges from predictive maintenance in Japanese industry to precision agriculture in risk is progressively declining due to continuous research and development in modular, prefabricated edge pods and sophisticated cooling solutions, even though issues with standardising hardware footprints, maintaining physical security at remote sites, and insuring multi-vendor interoperability still exist. The region's next-generation digital economy will rely heavily on edge data centres as telcos and APAC businesses expand their commercial roll-outs and test programs. APAC Edge Data Center Market Trends, Drivers and Challenges Market Trends Proliferation of 5G-enabled micro data centers at cell sites and urban hubs Modular, prefabricated "edge pod" designs for rapid deployment Growth of AI/ML and real-time analytics workloads at the network edge Emergence of edge-as-a-service offerings from telcos and cloud providers Integration with private 5G and LoRaWAN networks for enterprise IoT Focus on energy-efficient architectures and liquid-cooling solutions Market Drivers Massive 5G rollouts across China, India, South Korea and Southeast Asia Explosive IoT device growth in smart cities, manufacturing and retail Demand for ultra-low-latency applications (AR/VR, autonomous vehicles) Government programs (e.g., China's New Infrastructure, India's NDCP) Corporate digital-transformation and sustainability mandates Availability of concessional financing, grants and tax incentives Market Challenges Lack of standardized hardware footprints and software stacks Multi-vendor interoperability and unified orchestration hurdles Securing distributed sites against cyber-physical threats Power density, cooling and real-estate constraints in urban areas High initial capex and fragmented regulatory environments Skills shortages for edge-specific deployment and operations Competitive Strategy: Key players in the APAC edge data center market analyzed and profiled in the study include project developers and accounting tool providers. The analysis covers market segments by applications, products by type, regional presence, and the impact of key market strategies. Additionally, detailed competitive benchmarking has been conducted to illustrate how players compare, providing a clear view of the market landscape. The study also examines comprehensive competitive strategies, such as partnerships, agreements, and collaborations, to help identify untapped revenue opportunities in the APAC edge data center Attributes: Report Attribute Details No. of Pages 54 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $8.22 Billion Forecasted Market Value (USD) by 2034 $36.44 Billion Compound Annual Growth Rate 17.9% Regions Covered Asia Pacific Key Topics Covered:1 Markets1.1 Trends: Current and Future Impact Assessment1.1.1 Trends Shaping Edge Data Center Market1.1.2 5G Network Deployment1.1.3 Proliferation of Internet of Things (IoT) Devices1.1.4 Adoption of Software-Defined Networking (SDN) Technology1.2 Supply Chain Overview1.2.1 Value Chain Analysis1.2.2 Market Map1.2.2.1 Edge Data Center Market (by Type)1.2.2.1.1 On-Premise Edge Providers1.2.2.1.2 Network Edge Providers1.2.2.1.3 Regional Edge Providers1.3 Research and Development Review1.4 Technological Analysis1.4.1 Current and Upcoming Technologies1.4.2 Key Countries with the Highest Number of Edge Deployments1.4.3 Technologies at Risk of Becoming Obsolete1.5 Implications for Investors, Operators, and Enterprises1.6 Regulatory Landscape1.7 Market Dynamics Overview1.7.1 Market Drivers1.7.1.1 Minimizing Latency and Bandwidth Usage1.7.1.1.1 Case Study: Comparing Edge Servers and Cloud Locations for Enhanced User Experience1.7.1.2 Increasing Focus on Providing Personalized AI Services1.7.2 Market Restraints1.7.2.1 Lack of Consideration of Security-by-Design1.7.2.2 Non-Migratability of Security Frameworks1.7.3 Market Opportunities1.7.3.1 Surge in Investment by Data Center Providers1.7.3.2 Increase in Data Generation2 Regions2.1 Regional Summary2.2 Asia-Pacific2.2.1 Key Market Participants in Asia-Pacific2.2.2 Regional Overview2.2.3 Driving Factors for Market Growth2.2.4 Factors Challenging the Market2.2.5 Application2.2.6 Product2.2.7 China2.2.8 Application2.2.9 Product2.2.10 Japan2.2.11 Application2.2.12 Product2.2.13 Australia2.2.14 Application2.2.15 Product2.2.16 Rest-of-Asia-Pacific2.2.17 Application2.2.18 Product3 Markets - Competitive Benchmarking & Company Profiles3.1 Competitive Landscape3.2 Company Profile3.2.1 Leading Edge Data Centres3.2.1.1 Overview3.2.1.2 Top Products/Product Portfolio3.2.1.3 Top Competitors3.2.1.4 Target Customers3.2.1.5 Key Personnel3.2.1.6 Analyst View3.2.1.7 Market ShareFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Asia-Pacific Edge Data Center Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
30 minutes ago
- Business
- New York Post
Google hit with antitrust complaint in EU over AI summaries harming web traffic to news sites: report
Google's controversial AI-generated summaries — which have been blamed for crushing the traffic of US news sites — have drawn an antitrust complaint in the European Union from a group of independent publishers. The complaint, dated June 30 and submitted by the Independent Publishers Alliance, accuses Google of abusing its dominant position in online search by promoting its own AI-generated summaries over links to original content. The filing by the Independent Publishers Alliance, seen by Reuters, requests that the European Commission impose interim measures to prevent what it describes as 'irreparable harm' to publishers. 3 Google's artificial intelligence tools are being blamed for harming publishers' businesses. Koshiro K – 'Google's core search engine service is misusing web content for Google's AI Overviews in Google Search, which have caused, and continue to cause, significant harm to publishers, including news publishers in the form of traffic, readership and revenue loss,' the complaint alleges. The court action comes as damning data revealed that the AI Overviews have resulted in 37 of the top 50 US news domains suffering year-over-year traffic declines since its launch in May 2024, according to digital intelligence firm SimilarWeb. A report by SimilarWeb also found that the AI summaries have led to a significant increase in the frequency of 'zero clicks' to search queries. The percentage of web searches related to news that end without a click to a news site jumped to 69% in May 2025 from 56% for the same month last year, SimilarWeb found. A spokesperson for the Competition and Markets Authority, the EU's antitrust agency, confirmed to The Post that it received the complaint. 'Last week, we proposed to designate Google with strategic market status in search and search advertising. If designated, this would allow us to introduce targeted measured to address specific aspects of how Google operates search services in the UK,' the rep said. AI Overviews are summaries generated using Google's artificial intelligence models and are displayed at the top of general search results. The feature is available in more than 100 countries. Google began incorporating advertisements into AI Overviews this past May. The publishers allege that Google's practice of displaying its own summaries above hyperlinks disadvantages original content and is made worse by the lack of control publishers have over how their material is used. 3 A group of independent publishers in the European Union filed an antitrust complaint against Google over its AI Overviews technology. dts News Agency Germany/Shutterstock 'Publishers using Google Search do not have the option to opt out from their material being ingested for Google's AI large language model training and/or from being crawled for summaries, without losing their ability to appear in Google's general search results page,' the complaint alleges. The Movement for an Open Web, whose members include digital advertisers and publishers, and British nonprofit Foxglove Legal Community Interest Company are also signatories to the complaint. The three organizations are seeking regulatory intervention to address what they say is an urgent threat to competition and access to news. Foxglove co-executive director Rosa Curling said the consequences of AI Overviews for news publishers are severe. 'Independent news faces an existential threat: Google's AI Overviews,' Foxglove co-executive director Rosa Curling said. 'That's why with this complaint, Foxglove and our partners are urging the European Commission, along with other regulators around the world, to take a stand and allow independent journalism to opt out.' A Google spokesperson defended the AI Overviews feature and disputed the characterization of its impact on publishers. 3 The complaint submitted by the Independent Publishers Alliance accuses Google of abusing its dominant position in online search by promoting its own AI-generated summaries over links to original content. Google 'New AI experiences in Search enable people to ask even more questions, which creates new opportunities for content and businesses to be discovered,' the spokesperson told Reuters. Google added that the company sends billions of clicks to websites each day and that traffic fluctuations can be influenced by many factors. 'The reality is that sites can gain and lose traffic for a variety of reasons, including seasonal demand, interests of users, and regular algorithmic updates to Search,' the spokesperson said. The claims in the EU complaint echo a similar argument made in a lawsuit filed in the United States by an education technology company, which alleges that Google's AI Overviews are eroding demand for original content and damaging the competitive ability of publishers, resulting in declines in both traffic and subscriptions. Google has faced several antitrust investigations on both sides of the Atlantic Ocean in recent years. The tech giant is appealing a $4.7 billion fine imposed by the European Commission for allegedly abusing its dominance with the Android operating system. Last month, an advisor to the EU's top court recommended the fine be upheld. The European Commission is also continuing investigations into Google's conduct in digital advertising and search, with potential for further regulatory action. In the United States, a federal judge ruled in August 2024 that Google violated antitrust law by maintaining monopolies in general search and search advertising, citing exclusive deals such as those with Apple. A verdict after a trial on the remedy phase — which could include breaking up Google — is expected next month. In a separate ruling in April 2025, another judge found Google had illegally monopolized online advertising markets by controlling both the buy and sell sides of the ad exchange. With Post Wires
Globe and Mail
31 minutes ago
- Business
- Globe and Mail
Cisco's Margins Riding on Supply Chain: Will the Expansion Continue?
Cisco Systems CSCO has been benefiting from a flexible and diversified supply chain that is driving gross margin expansion. This improvement, along with productivity improvements and disciplined cost management, bodes well for operating margin expansion. Cisco's investments in regional manufacturing and logistics have minimized exposure to high-tariff areas, helping the company cut import-related expenses. In third-quarter fiscal 2025, product gross margin expanded 70 basis points (bps) year over year to 67.6%, driven by strong contribution from Splunk and a profitable product mix, particularly in high-margin segments like Security and Observability. In the third quarter of fiscal 2025, Cisco's non-GAAP gross margin expanded 30 bps year over year, hitting the high end of its guidance. Non-GAAP operating margin was 34.5% in the reported quarter, above the high end of the company's guidance. Cisco expects fourth-quarter fiscal 2025 non-GAAP gross margin to be between 67.5% and 68.5%. Non-GAAP operating margin is expected to be between 33.5% and 34.5%. Strong demand for AI infrastructure and cybersecurity solutions is expected to drive the company's ability to sustain margin momentum. Cisco also assumes that current tariff exemptions will remain in place, which includes China at 30%, partially offset by an exemption for semiconductors and certain electronic components. Mexico and Canada at 25% for the components and products that are not eligible for the current U.S. MCA exemptions. Cisco Faces Stiff Competition From HPE & ANET Hewlett-Packard Enterprise HPE is emerging as a strong Cisco competitor, especially post its $14 billion acquisition of Juniper Networks. Leveraging Aruba and SD-WAN, HPE now offers AI-driven, cloud-native networking solutions that challenge Cisco's enterprise lead. However, HPE's gross margins lag significantly, at around 29%, compared to Cisco's robust 65% (GAAP basis). Though HPE's focus on hybrid-cloud infrastructure, strategic acquisitions and expanding generative AI capabilities positions it for long-term growth. Arista Networks ANET is a key player in cloud and AI-driven networking, leading in 100-gigabit Ethernet switches with superior capacity, low latency and power efficiency. ANET supplies high-performance solutions to hyperscalers like Microsoft and Meta Platforms. Arista's software-defined Extensible Operating System offers a major advantage over Cisco's hardware-centric model. With gross margins around 64%, Arista combines strong profitability with rapid innovation, positioning it as a top-tier competitor in the next-gen networking landscape. CSCO's Price Performance, Valuation & Estimates Shares of Cisco have appreciated 18% year to date compared with the Zacks Computer – Networking industry's return of 15.6%. CSCO YTD Price Return Performance From a valuation standpoint, CSCO appears overvalued, trading at a forward 12-month price-to-sales (P/S) ratio of 4.6, higher than the industry's 4.39X. Cisco carries a Value Score of D. CSCO Forward 12-Month P/S Ratio Image Source: Zacks Investment Research The Zacks Consensus Estimate for CSCO's earnings is pegged at $3.79 per share for fiscal 2025 and $4 per share for fiscal 2026, reflecting year-over-year growth of 1.61% and 5.73%, respectively. The fiscal 2025 estimate has been revised upward by a cent over the past 30 days, while projections for fiscal 2026 have remained steady. CSCO stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> 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 Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report
