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    ARTIFICIAL INTELLIGENCE

    'AI raises the floor, people raise the ceiling': PwC US CEO on India venture, Big Four race and GCC push

    In a bold move to enhance global integration, PwC is merging its Indian consulting operations with its US counterparts. This monumental shift, led by Sanjeev Krishan, will unite around 40,000 professionals in a shared mission focused on artificial intelligence and technology investments. Expected to rake in $1.5 billion in initial revenue, this merger marks a significant trend in the consulting industry, prioritizing advanced technology integration and local-global collaboration.

    PTC shares soar nearly 34% after Schneider Electric agrees to $22.6 billion buyout

    In a strategic move, Schneider Electric has agreed to acquire PTC for $22.6 billion in cash. The acquisition reflects ongoing shifts in the software industry due to artificial intelligence disruption. PTC's board approved the offer, which represents a significant premium compared to its recent share price. Schneider plans to finance the transaction through a combination of debt and new shares issuance.

    Goldman sees US data center growth intact despite opposition

    Goldman Sachs reported that political opposition is not significantly impacting the growth of US data centers. The firm has adjusted its capacity forecasts for 2026 and 2027, indicating ongoing demand. Data centers are essential for the functioning of AI models, contributing to their increasing prevalence. However, public support for new data centers remains low, with many opposed to local construction.

    Trump names Jay Clayton as White House's AI czar. This is what he thinks about the technology

    President Donald Trump has appointed Jay Clayton as the leader of the new Super Intelligence Force at the White House. The task force is intended to help the US maintain leadership in artificial intelligence. Other members include officials from various federal agencies, who will study AI risks and opportunities. The force will also recommend how the government should engage with stakeholders regarding the technology.

    Trump forms 'Super Intelligence Force' to cement US dominance in next-gen AI

    In a post on Truth Social, Trump wrote, "Following the Historic White House Accord on Super Intelligence, where the World's most important Technology Companies came together, and confirmed their responsibilities to the American People, I am announcing the formation of the Super Intelligence Force (SIF)."

    'Super Intelligence Force': Trump unveils new task force led by DNI Jay Clayton to oversee AI policy
    The Economic Times
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